268 developed with pre-feasibility and feasibility studies, implemented in an execution phase, and finally, put into operation to deliver the value. Figure 2 shows the phases designed to develop an investment project Figure 2 –MINSUR Stage-gate project development process The development of every project phase includes five groups of disciplines required to ensure the viability of the project from different points of view, to reduce the investment risk and support the decision-making process to implement the project. Each discipline presents requirements that must be fulfilled according to level of project definition corresponding to the phase. The group of disciplines are: • Project Value Management: realizing the benefits of the project strategy aligned to the business Case. It includes reserves, marketing and commercial, Capex, Opex, risk management and Investment Evaluation • Technical Management: ensure that the technical solution achieves the expected results and requirements of the business. It includes Geology, Resources, mine design, metallurgy & processes, mine residue management, infrastructure, Engineering & Design • Sustainability: Meeting the needs of the project without sacrificing or damaging the surrounding environment, communities and biodiversity. It also includes safety and occupational health, permitting, legal, land acquisition, and compliance • Project Management: delivering the product by achieving project objectives applying a standard approach which includes the management of the project scope and delivery model, key stakeholders, project planning, project execution plan, project control, change control, risk and uncertainty • Transition to operations: Be ready to operate the asset and achieve business objectives through the plant start-up and production ramp-up. It includes the operational readiness (Operation, Maintenance, etc.), and the business readiness (logistics, accounting, finance, HR, legal, corporate affairs, etc.)
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