About this Presentation
This presentation is about managing engineering procurement and construction (EPC) projects using TOC. The EPC challenge (like a power plant) and critical chain, the components of the solution and summary and questions are discussed. A mega project like building a power plant or new steel plant may have many EPC projects. The value proposition is attractive to the client. The EPC company must drive down costs (usually a fixed price contract). Each EPC package involves many stakeholders and has many suppliers each working in a multi-project environment. Significant multi-tasking exists within and across projects.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The speaker discusses the concept of Engineering, Procurement and Construction (EPC) and its challenges. They also discuss the opportunities and losses in such projects.
The speaker explains the current practices in EPC projects and the obstacles that prevent effective implementation of the Critical Chain.
The speaker provides a detailed guide on how to overcome these obstacles and successfully implement the Critical Chain in EPC projects.
Instructor(s)
Manoj Agarwal
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.