CFO Agenda Issue 5: Improving capital management — How CFOs can help capital projects stay on track

The successful execution of major capital projects is a critical business activity for companies in asset-intensive sectors such as mining, oil and gas, energy, manufacturing and transportation. These projects have the potential to create shareholder value—but they can also have the opposite effect, thanks to the potential for cost overruns, scheduling delays and returns that do not meet expectations. And when that happens, the CFO and the rest of the senior leadership team are often held ultimately responsible. The experience of mining companies in dealing with the challenges associated with capital projects provides important lessons for CFO’s and their finance teams in across all industries.