10.2 - Design and construct productive assets
PCF ID: 19208 | Elements: 22 | Metrics Available: N | Benchmarkable: 0
Definition
Conceptualizing and realizing dividend and income generating assets such as machines, tools, factories, etc. Manage steps to acquire assets including managing capital, as well as planning, scheduling, and overseeing construction.
Overview
This process group covers design and construct productive assets within the broader context of Acquire, Construct, and Manage Assets.
Process Hierarchy
Processes
| ID | Process | PCF ID | Sub-elements | Metrics |
|---|---|---|---|---|
| 10.2.1 | Manage capital program for productive assets | 19209 | 3 | N |
| 10.2.2 | Design and plan asset construction | 20139 | 5 | N |
| 10.2.3 | Schedule and perform construction work | 19229 | 5 | N |
| 10.2.4 | Manage asset construction | 19224 | 4 | N |
10.2.1 - Manage capital program for productive assets
PCF ID: 19209
Definition: Producing and maintaining a planning schedule and a financial plan to purchase or manufacture productive assets. Determine the investment plan, monitor capital, and secure the necessary financing in order to realize completion of the program.
| ID | Activity | PCF ID | Tasks | Metrics |
|---|---|---|---|---|
| 10.2.1.1 | Define capital investment plan | 19210 | 0 | N |
| 10.2.1.2 | Monitor capital program | 19211 | 0 | N |
| 10.2.1.3 | Secure construction financing | 19212 | 0 | N |
10.2.1.1 - Define capital investment plan
Definition: Establishing what funds will be invested in the construction of productive assets for the advancement of established business objectives.
10.2.1.2 - Monitor capital program
Definition: Monitoring plans on capital projects. Capital projects can be purchasing buildings, lands, etc.
10.2.1.3 - Secure construction financing
Definition: Acquiring the loans needed to construct necessary assets.
10.2.2 - Design and plan asset construction
PCF ID: 20139
Definition: Outlining the steps and strategies needed to construct assets. Verify that all regulations are adhered to and that all permissions have been granted. Organize and plan for resources to complete construction.
| ID | Activity | PCF ID | Tasks | Metrics |
|---|---|---|---|---|
| 10.2.2.1 | Develop construction strategy | 19220 | 0 | N |
| 10.2.2.2 | Perform construction performance management | 11276 | 0 | N |
| 10.2.2.3 | Obtain construction permissions | 19221 | 0 | N |
| 10.2.2.4 | Design assets | 19222 | 0 | N |
| 10.2.2.5 | Plan construction resources | 19223 | 0 | N |
10.2.2.1 - Develop construction strategy
Definition: Developing a strategy to perform asset construction. Assure that timelines, regulations, and resources are on task and on budget.
10.2.2.2 - Perform construction performance management
Definition: Managing the construction process to ensure that activates are on task, on budget, and are being performed with safety and quality in mind.
10.2.2.3 - Obtain construction permissions
Definition: Gathering the required permits for construction from the proper jurisdiction. This may include inspections during and after construction to verify that the new asset meets all national, regional, and local codes.
10.2.2.4 - Design assets
Definition: Designing assets to meet organizational needs as well as ensuring that the asset adheres to all national, regional, and local construction codes.
10.2.2.5 - Plan construction resources
Definition: Determining what resources will need to be acquired in order to carry out construction. Plan when, where, and how resources will be used. Determine the length of time resources will be utilized.
10.2.3 - Schedule and perform construction work
PCF ID: 19229
Definition: Arranging a timetable for which to perform construction work. Schedule resources to contract assets for new or replacement assets. Reschedule or redesign assets if needed.
| ID | Activity | PCF ID | Tasks | Metrics |
|---|---|---|---|---|
| 10.2.3.1 | Schedule construction work | 19230 | 0 | N |
| 10.2.3.2 | Obtain resources | 19231 | 0 | N |
| 10.2.3.3 | Construct new assets | 19232 | 0 | N |
| 10.2.3.4 | Augment existing assets | 19233 | 0 | N |
| 10.2.3.5 | Renew/Replace assets | 19234 | 0 | N |
10.2.3.1 - Schedule construction work
Definition: Defining a timetable for which to execute the construction of the asset.
10.2.3.2 - Obtain resources
Definition: Gathering resources needed to complete all construction work. Verify that all resources have the proper training and skills to perform the work.
10.2.3.3 - Construct new assets
Definition: Building new assets necessary for the organization. Be aware of any construction codes and permits that need to be addressed.
10.2.3.4 - Augment existing assets
Definition: Modifying existing assets to align with the changing needs of the organization. Be aware of any construction codes and permits that need to be addressed.
10.2.3.5 - Renew/Replace assets
Definition: Determining the need to replace existing assets. Be aware of any construction codes and permits that need to be addressed.
10.2.4 - Manage asset construction
PCF ID: 19224
Definition: Overseeing the performance and quality of work. Assure that records are maintained throughout the construction process. Adhere to all safety, security, and access regulations set forth by the organization and all government standards.
| ID | Activity | PCF ID | Tasks | Metrics |
|---|---|---|---|---|
| 10.2.4.1 | Monitor work performance | 19225 | 0 | N |
| 10.2.4.2 | Undertake construction quality control | 19226 | 0 | N |
| 10.2.4.3 | Create work and asset records | 19227 | 0 | N |
| 10.2.4.4 | Manage safety, security, and access to sites | 19228 | 0 | N |
10.2.4.1 - Monitor work performance
Definition: Monitoring construction to insure that all regulatory laws are being adhered to, that all work is being performed in a timely manner, and that quality assurance is met at all steps of the construction process.
10.2.4.2 - Undertake construction quality control
Definition: Implementing a checks and balances system to verify that the construction was performed correctly. Rework when errors are found.
10.2.4.3 - Create work and asset records
Definition: Implementing records to include all construction work that has been performed. Include all new or modified construction, and any construction or regulatory issues that might have occurred.
10.2.4.4 - Manage safety, security, and access to sites
Definition: Ensuring that safety, security, and access is maintained. Provide a workplace that meets and exceeds all local, state, and federal guidelines. Provide security and access to the building site as set forth by safety and organizational guidelines.
Change Summary (v7.2.1 vs v6.1.1)
Changes indicated by:
+XXXXX- New element added-XXXXX- Element removedcXXXXX- Element changedNEW- Newly introduced
Complete Element List with Definitions
All 22 elements
| ID | Name | Definition |
|---|---|---|
| 10.2 | Design and construct productive assets | Conceptualizing and realizing dividend and income generating assets such as machines, tools, factori... |
| 10.2.1 | Manage capital program for productive as... | Producing and maintaining a planning schedule and a financial plan to purchase or manufacture produc... |
| 10.2.1.1 | Define capital investment plan | Establishing what funds will be invested in the construction of productive assets for the advancemen... |
| 10.2.1.2 | Monitor capital program | Monitoring plans on capital projects. Capital projects can be purchasing buildings, lands, etc. |
| 10.2.1.3 | Secure construction financing | Acquiring the loans needed to construct necessary assets. |
| 10.2.2 | Design and plan asset construction | Outlining the steps and strategies needed to construct assets. Verify that all regulations are adher... |
| 10.2.2.1 | Develop construction strategy | Developing a strategy to perform asset construction. Assure that timelines, regulations, and resourc... |
| 10.2.2.2 | Perform construction performance managem... | Managing the construction process to ensure that activates are on task, on budget, and are being per... |
| 10.2.2.3 | Obtain construction permissions | Gathering the required permits for construction from the proper jurisdiction. This may include inspe... |
| 10.2.2.4 | Design assets | Designing assets to meet organizational needs as well as ensuring that the asset adheres to all nati... |
| 10.2.2.5 | Plan construction resources | Determining what resources will need to be acquired in order to carry out construction. Plan when, w... |
| 10.2.3 | Schedule and perform construction work | Arranging a timetable for which to perform construction work. Schedule resources to contract assets ... |
| 10.2.3.1 | Schedule construction work | Defining a timetable for which to execute the construction of the asset. |
| 10.2.3.2 | Obtain resources | Gathering resources needed to complete all construction work. Verify that all resources have the pro... |
| 10.2.3.3 | Construct new assets | Building new assets necessary for the organization. Be aware of any construction codes and permits t... |
| 10.2.3.4 | Augment existing assets | Modifying existing assets to align with the changing needs of the organization. Be aware of any cons... |
| 10.2.3.5 | Renew/Replace assets | Determining the need to replace existing assets. Be aware of any construction codes and permits that... |
| 10.2.4 | Manage asset construction | Overseeing the performance and quality of work. Assure that records are maintained throughout the co... |
| 10.2.4.1 | Monitor work performance | Monitoring construction to insure that all regulatory laws are being adhered to, that all work is be... |
| 10.2.4.2 | Undertake construction quality control | Implementing a checks and balances system to verify that the construction was performed correctly. R... |
| 10.2.4.3 | Create work and asset records | Implementing records to include all construction work that has been performed. Include all new or mo... |
| 10.2.4.4 | Manage safety, security, and access to s... | Ensuring that safety, security, and access is maintained. Provide a workplace that meets and exceeds... |
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