Capital Project Leadership
Editorial: It’s Time To Raise The Bar
Why do we tacitly accept the fact that most capital projects are late and over-budget?
Why do we tacitly accept the fact that most capital projects are late and over-budget?
What every executive needs to know to lead a capital project successfully, from start to finish.
Advanced Work Packaging and Predictability Thinking are quickly emerging as best practices in capital project management. Here’s why.
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.
Concord® Project Technologies Inc.
1900 S. Norfolk St., Suite 350, San Mateo, CA, 94403
P: 1-800-982-6609