Value Improvement Through Cost Optimisation
Siecap is a project management and advisory firm specialising in providing a full range of corporate and operational services across the asset and investment lifecycle which assist our to clients optimise cost, increase performance and manage risk.
A value improvement program was completed at one of Australia’s largest integrated mining projects, optimising cost and performance, whilst setting up a decision-ready review process
The Background
The organisation was looking at improving the overall net present value of its mining and related infrastructure project portfolio in Australia, in order to enhance its competitive position in a challenging environment
In addition, a review of the EPC procurement process was undertaken in order to facilitate cost savings whilst mitigating the overall risk profile for the projects
How the Siecap team helped
Overall design, co-ordination and facilitation of the value improvement program from an owner’s team perspective
Developed a comprehensive decision-ready review process through a risk management framework
Use of an extensive network of subject-matter experts in support of the identification and subsequent realisation of cost and performance optimisation opportunities
The Results
Capital expenditure reduced by 17% across the project’s functional packages
Average life of mine operating costs reduced by 10% on a FOB basis
Facilitated the extraction of bulks from packages and ‘options and extras’ from mobile equipment
Improved the design of the project controls system under a comprehensive risk management framework
Our Clients
We have delivered results for distinguished businesses and projects in Australia and abroad.
