295882 Process Development: Managing Risk and Expectations

Monday, April 29, 2013: 10:25 AM
Bonham B (Grand Hyatt San Antonio)
Joseph B. Powell, Shell Westhollow Technology Center, Houston, TX

Process development is a key phase which determines whether ideas can be successfully commercialized, or whether they should be abandoned.   Spending accelerates dramatically upon progression from research to full development, and with this comes greatly increased expectations from all stakeholders.    Risk of failure may not be fully apparent to business sponsors, as many of the failure modes will not be evident until development is attempted.   On the other hand, technology opportunities with high earning potential will provide incentives for risk taking and rapid deployment.    Effective management of these competing interests requires close communication between the technology organization and business sponsors in assessing and balancing risk vs. opportunity.

Process Development as a discipline earns its value in ability to rapidly identify show stoppers, and in finding ways around identified roadblocks, where possible, before extensive spending and time have been allocated to major programs or pilot tests.     Approaches and best practices in managing spending vs. level of risk reduction will be the subject of this seminar, including some case histories and examples.

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