Managing capital assets throughout the asset life cycle requires a number of competencies.Owner companies maintain many of those competencies in their engineering and projectorganizations. These organizations are often involved in generating and maintaining assets. Overthe last two decades owners have outsourced much of their project related work as thecontracting community marketed engineering, construction and project management capabilitiesto facility owners. At one time, many owner companies did most of the construction work inhouse.An owner company performing construction in-house is now considered an anomaly. Formany engineering and project competencies the decision to outsource is not as easy as it is forconstruction. The owner-contractor work structure process was developed to evaluate owner andcontractor competencies and determine the best possible sourcing strategy for each competencyin the owner’s capital program. This paper illustrates the successful application of the ownercontractorwork structure process by a power company. The power company used the process asone tool to develop a strategy for improving the performance of their operating facilities bydesigning effective capital projects and outage management organizations.
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