Gain the confidence to speak the language of capital projects and contribute to smarter, more reliable investment decisions. The Capital Project Fundamentals for Reliability Professionals (eCAP) course introduces maintenance and reliability professionals to the basics of capital projects and their role in building long-term strategic asset management programs. Designed for people that support or participate in capital projects but do not come from a finance background, this course includes helpful definitions, examples, tools, and workflows that that support more effective collaboration between engineering, operations, and maintenance teams.
Through clear, practical explanations, you’ll develop compelling capital project proposals that align with business needs, navigate approval processes, and recognize the elements of a project from defining performance requirements to decommissioning. Learners will explore the value of designing for reliability from the start, and gain access to practical resources that can help you ensure that every project can be a reliability success story that sets the stage for lasting operational excellence.
Key topics include:
- The purpose and benefits of a standardized capital project process as part of a strategic asset program
- Developing a proposal for a capital project as a solution to a business need and the appropriate approval processes
- Defining performance requirements
- The roles of conceptual design, functional specifications, and design for reliability practices
- The process and considerations for project approval
- Best practices for project management, including planning, initiation, project execution, monitoring & controlling, and closure
- Evaluating engineering change requests
- Strategic Asset Management Plan: Asset Operating Plan, Risk Management Plan, and Asset Maintenance Plan
- Commissioning and Validation activities
- Planning for asset decommissioning and disposal
This course is valuable for non-finance professionals who support or are impacted by capital project decisions, including those in maintenance, reliability, and operational roles such as:
- Maintenance and Production Managers and Supervisors
- Storeroom and Materials Management Professionals
- Reliability Engineers and Reliability Specialists
- Plant and Project Engineers
- Facilities Manager
- Engineering and Maintenance Technicians
- Capital Project Team Members and Support Staff
