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?
Not every capital project is undertaken by an experienced cadre of professionals working in an organization that was designed to execute challenging, multifaceted construction projects. Here’s a guide to capital project management for companies that will only every build one facility.
The people you hire first on a megaproject are your best bulwark against failure, and a risk-mitigation paradigm is key.
Millennials simply want what everybody wants: A working environment that is intuitive, collaborative and flexible. Young engineers want to learn. They want to be part of a team. They want to be valued, to contribute, and to feel a sense of satisfaction after a job well done. The catch: They want all this from day one.