Capital Project Predictability
Capital Project Principles for Executive Decision-Makers
If you’re at the helm, your ability to understand and apply these two key capital project principles could be the difference between success and failure.
If you’re at the helm, your ability to understand and apply these two key capital project principles could be the difference between success and failure.
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.
In an era of profound technological disruption and intergenerational change, perspective matters more than ever, writes Olfa Hamdi.
What will it take to make site-based projects successful? How do we provide a strong return on investment? How can we deliver on-time? On-budget? The answer to all of these questions depends on your commitment to a single word: predictability. Read more »
It has become impossible to ignore the fact that construction-driven capital projects work best. It turns out that the people wearing steel-toed work boots and neon-striped dungarees — the people who are actually building the capital project — should be the boss of us all. Are you ready for a paradigm shift?
![[Summary] U.S. Natural Gas Power Engineering and Construction (GPEC) Trends and Outlook 2018 Report](https://tconglobal.com/wp-content/uploads/2018/12/report_blog_image-1024x576.jpg)
On this, the cusp of the New Year, we are not only focusing on wrapping up this year’s paperwork, dotting i’s and crossing t’s, but are also looking forward.
When it comes to capital projects, what does a culture of innovation look like? What will it take to get us there?
Concord® Project Technologies Inc.
1900 S. Norfolk St., Suite 350, San Mateo, CA, 94403
P: 1-800-982-6609