Value Propositions for Your Chemical Process Project
- Course ID: ELA180
- Type: eLearning (online) Course
- Language: English
- Skill Level: Basic
- Duration: 2 hours
- CEUs: 0.20
- PDHs: 2.00
Your project proposals must capture and quantify the multiple benefits of operational or technology improvements if you’re to avoid costly project scope definition later. This online course will bring you up-to-date on the basics of value propositions - including metrics, models, strategies, and best practices—so you’ll be ready when it’s time to develop your next project proposal.
Will your project deliver reduced operating costs? Improved capacity? Capital cost savings? Take this course to learn how to translate the technical objectives of your chemical process projects into value creation and, using simple models, quantify their benefits in financial terms. You’ll gain a solid foundation in the philosophy and metrics of value propositions, the capital and operating components, cash flow considerations and the difference between need-based and opportunity projects. You’ll then focus on operational improvements and how to figure the value of reliability improvements and process control improvements. The course goes on to address technology improvements, including different types and goals, as well as conversion, selectivity and yield issues. Real-life examples throughout the course will illustrate how to eliminate off-spec material reruns, calculate utility charges for maintenance activities, optimize multi-product campaign strategies, value multi-step reaction and distillation improvements, and more.
Gary Sawyer, P.E., has more than 35 years of experience in the chemical industry, most of which have been supporting business and R&D decision analysis using process design, economic evaluations, and competitive technology assessments. He was previously employed by Lyondell Chemical (formerly ARCO Chemical), and by Union Carbide prior to that. He is now a consultant practicing as Process Evaluations LLC (www.process-evaluations.com). He holds a B.S. and M.S. degree in chemical engineering from Rensselaer Polytechnic...Read more
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