Key Aspects of Capital Effectiveness at Eastman Chemical Company, 1996 Engineering Conference Proceedings
M. W. Lowder - Eastman Chemical Company
Three fundamental initiatives that have proven valuable in effectively managing capital funds will be discussed. First is a structured division of projects into distinct phases with a focus on uninterrupted progression through various approval checkpoints. Second is a focus on front-end loading that seeks to thoroughly define the scope before submission of the final appropriation request. Third is a formal Performance Management System that has proven effective in promoting superior performance.