There has been a growing appetite for Capital Projects on the global market, and succesful delivery of these projects is considered a key component in securing a company’s competitive advantage.┬áThe answer lies in aligning to a set of best practices within the discipline of Capital Project Management. If these are not already part of your action plan, the following elements should be considered:

  • Increase the awareness and maturity of your organisation’s management in using CPM best practices
  • Assess the reliability and resiliency of your practices through a 360 degree review in the following areas: leadership, internal and external stakeholder management, cost control, change management, and contract management processes
  • Review and reinforce your Capital Project Management dedicated stage gated approaches and practices
  • Execute an internal and external stakeholder scan to identify mutual gains or potential risks
  • Initiate an IT tools upgrade