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Supporting Frameworks for Successful Program Management - Life Cycle Cost Analysis

May 2, 2008 | Author: admin | Filed under: Cost Management, Project Lifecycle Phases, Cost Estimating, Economic Evaluation, Program Management

Supporting Frameworks for Successful Program Management - Life Cycle Cost Analysis (#18 in the series Foundations, Frameworks and Lessons Learned in Program Management)
By Robert Prieto

Many strategic business objectives to be achieved through a program management approach may be driven by life cycle cost considerations as opposed to just first cost considerations. Programmatic life cycle cost analysis may drive different programmatic and technical requirements that those simply associated with achieving a defined cost or schedule objective.

Program financing may be highly influenced by life cycle cost projections and as such this may be an ongoing activity influenced by changing cost relationships and the development of new materials or technologies. Business strategy and market driven shifts may also cause strategic business objectives to evolve during program execution.

The contribution of project acceleration to reduced life cycle costs is one area of major focus.

Robert Prieto, Senior Vice President

Robert Prieto is senior vice president for Fluor, where he leads strategy for Fluor’s Industrial and Infrastructure group. Mr. Prieto focuses on the development and delivery of large, complex projects worldwide.

Prior to joining Fluor, Bob served as chairman of Parsons Brinckerhoff Inc. As head of PB’s board of directors, he was responsible for overseeing management performance, establishing top-level policies, and ensuring the firm’s continued long term success.

He is a member of the executive committee of the National Center for Asia-Pacific Economic Cooperation, a member of the board of directors of the Business Council on International Understanding, a member of the board of the Civil Engineering Forum for Innovation, and co-founder and member of the board of the Disaster Resource Network. He currently serves on the National Research Council’s committee framing the challenges on Critical Infrastructure Systems. Until 2006 he served as one of three U.S. presidential appointees to the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) and served as chairman of the Engineering and Construction Governors of The World Economic Forum and co-chair of the infrastructure task force formed after September 11th by the New York City Chamber of Commerce. He is also a member of the board of trustees of Polytechnic University of New York, and was previously selected as alumni of the year by its New York Chapter.

He has had an executive sponsorship role in the World Trade Center Transportation Hub; West Coast Rail Modernization; Train Protection and Warning System; Level 3 Communications Long Haul Network and Superconducting Super Collider.

Prieto holds a master of science in nuclear engineering from Polytechnic University of New York and a bachelor of science in nuclear engineering from New York University.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $14.1 billion in 2006. For more information, visit www.fluor.com.

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This entry was posted on Friday, May 2nd, 2008 and is filed under Cost Management, Project Lifecycle Phases, Cost Estimating, Economic Evaluation, Program Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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