By Paul Barshop
A real-world framework for using capital venture success
Capital Projects provides an empirically-based framework for capital undertaking method and implementation, in keeping with the histories of over 20,000 capital tasks starting from $50,000 to $40 billion. Derived from the particular, rigorously normalized database at preeminent undertaking consultancy IPA, this reliable framework is appropriate to every kind of capital funding tasks huge and small, in any zone, together with expertise, existence sciences, petroleum, buyer items, and extra. even though grounded in empirical study and rigorous facts research, this publication isn't really an educational dialogue or a conceptual dissertation; it is a useful, actionable, on-the-ground consultant to creating your undertaking prevail. transparent dialogue tackles the demanding situations that reason capital initiatives to fail or underperform, and lays out precisely what it takes to effectively deal with a venture utilizing real-world tools that follow at any level.
Businesses record that 60 percentage in their tasks fail to fulfill all enterprise targets, and IPA's database exhibits that tasks' ultimate normal internet current value undershoots preliminary estimates by way of 28 percentage. This booklet presents concrete, actionable ideas that can assist you keep away from the pitfalls and paved the way towards a extra confident outcome.
- Avoid the missteps that make capital initiatives fail
- Learn the explicit practices that force undertaking success
- Understand what potent capital undertaking administration entails
- Discover real-world top practices that generate extra price from capital
When capital initiatives fail, it truly is usually preventable. Inefficiency, underestimated timelines, and unexpected bills are the first weights that drag a undertaking down—and they're all avoidable with strong administration. Capital Projects provides the perception and useful instruments you must force a winning project.
Read Online or Download Capital Projects: What Every Executive Needs to Know to Avoid Costly Mistakes and Make Major Investments Pay Off PDF
Best project management books
This significant new instruction manual presents a finished research of the improvement of company governance throughout quite a number nations together with Australia, Germany, India, Italy, Japan, Poland, Russia, South Africa, Spain, Turkey and the united kingdom. whereas the level within the company governance existence cycle may perhaps differ from nation to nation, there are specific center gains which emerge corresponding to the significance of transparency, disclosure, responsibility of administrators and defense of minority shareholders’ rights.
Company managers have lengthy identified the facility of the Balanced Scorecard in executing company process. imposing the undertaking administration Balanced Scorecard indicates venture managers how they can also use this framework to fulfill strategic pursuits. It provides necessary perception into the undertaking administration approach as an entire and offers designated motives on how one can successfully enforce the balanced scorecard to degree and deal with functionality and initiatives.
Providing busy venture pros with time-tested guidance and templates for constructing groups successfully and successfully, workforce making plans for undertaking Managers and company Analysts offers the making plans fabrics required to extend group collaboration and productiveness in an international place of work. This entire source deals insights and entry to serious assets and instruments to create, suggest, execute, and evaluation staff improvement plans.
- The One-Page Project Manager for Execution: Drive Strategy & Solve Problems with a Single Sheet of Paper
- Managing stakeholders in software development projects
- Essential Project Management Skills
- Leadership in chaordic organizations
- Managing technology-based projects : tools, techniques, people, and business processes
Extra resources for Capital Projects: What Every Executive Needs to Know to Avoid Costly Mistakes and Make Major Investments Pay Off
There have been countless hours spent talking about all the dimensions of capital projects. I truly admire the knowledge, skills, and dedication required to make a capital project successful. 1 Falling Short of Expectations How Executives Struggle to Deliver the Value from Their Capital Projects Executives often start out with high hopes for their capital projects, only to have them fall short of expectations. Capital projects are investments of substantial company resources to develop, to improve, or to refurbish an asset that is expected to generate cash flows for more than one year.
That is, the projects that met all the requirements were not any less complex or inherently less risky than those that did not. Rather, using the stage-gate process effectively allowed executives to navigate through the complexity, address risks, and deliver better results. Throughout the book, I am going to give specific examples, both good and bad, to illustrate how you can use the process to get better results for your projects. Causes of Value Erosion Often Start Early One of the key findings of the research I have completed at IPA is that the quality of the starting point is a very strong predictor of the project's eventual business success.
The executive role is focused heavily on the first three stages of the project life cycle, especially the Assess stage. By the time a project gets to the Execute stage, there should be little executive involvement other than monitoring performance and being ready to step in if there are problems. Assess: What Do We Want to Accomplish? Assess is the most important stage for executives because it sets the path for the entire project. Let's take a simple example in which the sales forecast for one of a business's core products indicates sales will grow by 25 percent over the next two years, but the business's factory is running nearly at full capacity.
Capital Projects: What Every Executive Needs to Know to Avoid Costly Mistakes and Make Major Investments Pay Off by Paul Barshop