About this Presentation

An internal project team has conducted a detail analysis of an existing sizable mining operation. It has determined that an OPPORTUNITY to change the value (NPV) of this business by a paradigm shift in capacity release. The internal project team needs 4 distinct levels of approval to execute the execute the proposed change. Does this business need trusted advisor (external) help to get the assistance? Provocative point: Do need an external assistance (trusted) to obtain approval for a paradigm shift? Counter point: Do NOT need external assistance (trusted) to obtain approval for a paradigm shift. A leading 1993 the largest Diamond Mine in the world, Argyle Diamonds conducted an end to end to business review to look at the future and life of this significant asset. This project was led by the Business Analysis unit within the Argyle Diamonds Mine operations. After 6 months of analysis 100 initiatives were tabled to that could increase the life of mine for (LOM) for this asset. The 1 initiatives involved a radical approach to valuing the output of this mine. This was a radical change from the business operating assumptions. The session discusses how the approval was obtained through the 4 layers of executive and corporate management to implement the change. Video length: . PDF: slides.

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.

Plane

Instructor(s)

Robert Bolton

Robert Bolton is an international leader and trail blazer in solving complex problems, innovation, project management and Theory of Constraints (ToC). He has over 35 years of business, executive, board and project management experience. His project experience includes the full project life cycle (PLC) from ignition to business case development, to funding approval, to execution on to and post implementation review. He has had a positive performance impact in the IT, software, financial services, infrastructure, oil and gas, mining, construction, and consulting sectors. He is well known as project thought leader and project execution expert. His experience includes leading roles with Leighton Contractors, Land Rover, FMC (Chevron - Wheatstone), Argyle Diamonds, Iluka Resources, Normandy Gold, Worsley Alumina, Water Corporation (WA), Westpac, Bankers Trust, Lucent Technologies, Price Waterhouse (pre PwC) and more recently WiseTech Global. The value of these projects range from $50 million to $1.8 billion AUD. He is currently engaged in developing Critical Chain based solutions and commercial innovation projects for WiseTech Global (ASX: WTC). WiseTech Global is an innovative, multi-award winning global developer of cloud-based software solutions for the international and domestic logistics industries. WiseTech is an innovative software company which listed on the ASX: in April 2016 for over $1 billion initial market valuation. The current market valuation of WiseTech is $26.485 billion AUD (30 June 2023). He worked closely with James Powell and other leading WTC executives. He is a pioneer in the Critical Chain Project Management (CCPM) business system approach. He worked with Dr Eli Goldratt and the Theory of Constraints (ToC) community, in the development and successful deployment of CCPM. He introduced this method into the banking, software and mining sectors. Other business system that he has deployed include Management Operating System (MOS), ThroughPut Focused Mining (TFM) Activity Based Costing (ABC), Fast Track construction, Drum Buffer Rope (DBR), 7MTF temperament and business systems simulations. He has co-authored with Ian Heptinstall, “The Executives Guide BreakThrough Project Management”. Breakthrough Project Management is a prescription for managing major capex and construction projects. It overcomes the difficulties in delivering projects by using improved and proven methods to planning, execution management and project procurement. Published in August 2016, we wrote the book to because we found that the proven innovations that underpin our approach, were virtually unknown among those working in capex and construction projects. These methods are Project Alliancing (PA) [management of price uncertainty] and Critical Chain Project Management (CCPM) [management of schedule uncertainty]. He holds a Civil Engineering degree from Sydney University and a MBA from Ashridge / City University London. He is a Demand Driven Planner (CDDP), member of Engineers Australia and is a Graduate Member of the Australian Company Directors (GAICD). He is founding member of the Singapore Mining Club and the Australia Turnaround and Transformation (AusTTa). June 2023

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.

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