Our industry doesn’t understand change. We haven’t invested in understanding what it takes to make change happen, and we don’t even agree on what factors improve results and outcomes. In this article, Olfa Hamdi explores five key roadblocks to transformational change in capital projects, with the hope that, together, we can begin to dismantle them.
Capital project management training has fallen through the cracks. The path to leadership remains woefully unclear, and that should worry us all. For if we’re not entirely clear on what it takes to become a capable capital project manager, is it really any wonder that most major capital projects are unpredictable, late and over budget?
The magic recipe for predictable project delivery includes a project sponsor who understands and champions Predictability Thinking™ at all levels. Sponsors can achieve this by collecting experience in all aspects of capital project delivery, or they can achieve it by making a conscious effort to study and understand it.
Now, more than ever, capital project leaders need a comprehensive understanding of capital project delivery models, and they need to master Predictability Thinking to succeed. Here’s why.
For centuries, it seems that our industry has operated on the unspoken assumption that “in chaos lies profit.” It worked for a long time, when commodity prices were high and transparency minimal. But chaos won’t work anymore.
Capital project costs can be a powerful diagnostic tool. From the very outset, they can help you understand whether you’re on track to deliver your project on-time and on-budget. Here’s how.
Discover how your org chart and contracting strategy are undermining predictability — and how you can fix them.
How do you make engineers more productive? The best answer we’ve found can be summed up in just two words: Deep Work. This groundbreaking concept, pioneered by professor and author Cal Newport, posits that high quality work is a function not just of time spent, but also level of focus. For capital projects, add competency as well. Get the formula »
In an era of profound technological disruption and intergenerational change, perspective matters more than ever, writes Olfa Hamdi.
Whether you come to AWP proactively or because it’s required in a contract or bid document, chances are you’ll have to wade through a stew of toxic rumors and wild myths. This article cuts through it.
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