Maximizing Project Certainty: A Look at Best Practices for Developing Technology Projects

Presentation by Mauricio Villegas, Business Development Manager at Koch Modular, to take place on Wednesday, November 8, 2023, at 1:00 pm EST.

The world of technology is ever-evolving, and with it comes the challenge of commercializing groundbreaking innovations. One key factor that determines the success or failure of developing technology projects is the project execution strategy. Koch Modular's Mauricio Villegas is set to present an insightful discussion on this crucial topic at the AIChE Annual Meeting in Orlando, Florida, on November 8, 2023, at 1:00 pm. In his presentation, he will shed light on the significance of having the right project execution strategy to ensure the success of developing technology projects, with a particular focus on two essential best practices: pilot testing and the modular project delivery model.

The Unique Challenges of Developing Technology Projects

Developing technology projects are unlike traditional ventures. They stand at a delicate crossroads between becoming economically viable or remaining stuck in the conceptual stage. Maximizing the probability of advancing through various development phases and financial decision gates is paramount in the early stages of such projects. This is where the project execution strategy comes into play.

Pilot Testing: De-risking and Ensuring Performance

One of the critical best practices discussed by Mauricio Villegas is the implementation of pilot testing. In the realm of developing technology projects, pilot testing plays a pivotal role in de-risking the process and obtaining a performance guarantee before proceeding to scale up and commercialization. This ensures that the technology works as intended, reducing uncertainties and instilling confidence in investors and stakeholders.

Modular Project Delivery Model: Certainty from Concept to Completion

Another key focus of Mauricio Villegas's presentation is the modular project delivery model. When it comes to executing developing technology projects, this approach stands out as a game-changer. Unlike traditional field construction, a modular project delivery model offers cost and schedule advantages, and most importantly, project certainty throughout the project's lifecycle.

The modular model provides the flexibility to develop a modular pilot or demonstration-scale unit, which can easily be scaled up and duplicated across multiple geographies. This adaptability is invaluable when dealing with rapidly evolving technologies and expanding markets.

Real-World Examples and Lessons Learned

Mauricio Villegas's presentation will not be limited to theoretical concepts; it will provide real-world examples to illustrate the application of these best practices. Real projects will be showcased to demonstrate how pilot testing and modular project delivery have played a pivotal role in their success.

Continue the discussion at AICHE 

In a world where technology advances at an unprecedented pace, the success of developing technology projects hinges on the right project execution strategy. Mauricio Villegas, a distinguished expert from Koch Modular, will delve into the crucial aspects of pilot testing and the modular project delivery model in his presentation at the AIChE Annual Meeting. By de-risking processes, ensuring performance, and maintaining project certainty, these best practices are instrumental in bridging the gap between innovative concepts and successful commercialization. Don't miss this opportunity to gain insights into the future of developing technology projects and the strategies that ensure their success. Join Mauricio Villegas on November 8, 2023, at 1:00 pm in Orlando, Florida, and be part of the journey towards maximizing project certainty in the world of developing technologies.