By their nature, capital projects are not part of day-to-day operations. Whether related to infrastructure, construction of a new plant, buildings or systems, they require separate financing, management, governance and assurance.
The scale of projects in the energy, utility and mining sectors present immense challenges at the best of times. In a world of economic instability, with uncertain demand and plummeting commodity prices, these challenges are magnified.
The uncertainties that arise from the credit crunch and economic downturn amplify and strengthen the importance of bringing effective rigour and challenge to decisions at all stages of the capital project cycle. Now more than ever, success of capital project delivery is critical to survival.
From project appraisal all the way through to completion and operation, a solid project management strategy will optimise your capital project delivery, ensuring survival in the downturn, and emerging stronger and better positioned.