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Copyright © 2016 by Paul Barshop. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data:
Names: Barshop, Paul H., 1964- author.
Title: Capital projects: what every executive needs to know to avoid costly mistakes, and make major investments pay off / Paul H. Barshop.
Description: Hoboken, New Jersey: John Wiley & Sons, Inc., [2016] | Includes index.
Identifiers: LCCN 2016018922 | ISBN 9781119119210 (cloth) | ISBN 9781119119241 (epub) | ISBN 9781119119234 (epdf) | ISBN 9781119176718 (obook)
Subjects: LCSH: Capital investments. | Project management.
Classification: LCC HD39 .B3185 2016 | DDC 658.15/2 – dc23 LC record available at https://lccn.loc.gov/2016018922
I would not have been able to write this book without the support of three people. First, I dedicate this book to my wife, Cathy, the love of my life, for her encouragement, patience, and sacrifice. Second, Margaret Walker, Vice President, Engineering Solutions and Technology Centers, Dow Chemical Company (ret.), for her input and guidance. Thanks, Coach. Ed Merrow, founder, CEO, and President of Independent Project Analysis, for his leadership and the time I needed to do this project. Ed was also one of the primary reviewers for each chapter and provided, as usual, tremendous insight.
I was extremely fortunate to work closely with two highly skilled practitioners as I wrote the book. Each provided essential input to all of the chapters. The first is Ken Kallaher, Corporate Fellow at exp. Ken is an expert on the design and operation of capital project development and delivery systems. The second is Charles (Chuck) Greco, Head of Refinery and Market Projects North America, BP (ret.). Chuck is one the best project directors/managers I have ever worked with. I thank both for their commitment to the book.
I wish to thank my colleagues that I worked with throughout this project. Cheryl Burgess edited, reedited, and edited again each chapter. Qiang Qian prepared much of the quantitative analysis contained in the book. Kelli Ratliff created most of the graphics used in each chapter.
Others that made significant contributions include Richard Narramore, Senior Editor, Business Publications, Wiley; and John K. Hollman, Owner, Validation Estimating LLC. I also wish to thank Dean Findley, Allison Aschman, Sarah Sparks, Felix Parodi, Luke Wallace, Geoff Emeigh, Charlotte Kirkpatrick, Pam Emons, Jessica Morales, and Sarah Barshop for their help with the book.
Finally, I want to thank all the executives and project professionals I have met over my 22 years at IPA performing project evaluations, research studies, and consulting engagements. There have been countless hours spent talking about all the dimensions of capital projects. I truly admire the knowledge, skills, and dedication required to make a capital project successful.
