Capital projects quite literally shape our world, with more than $10 trillion spent each year to develop the infrastructure that supports modern life—from bridges to hospitals, ports to gasfields, broadband networks to missile defense systems. Yet, not a great deal has changed over the years in how capital projects are delivered, with some practices dating back to the 1920s. With the increasing demand for capital projects around the globe, and less funding available (in the current financial climate) organizations worldwide are looking for a better way to deliver their portfolios of projects.
The findings outlined in this paper emphasize what we think should change, across all sectors, to raise the productivity and effectiveness of global capital investment.
Authors: Badrinath Veeraghanta, James Pearce, John Wolff, Vance Scott
Source: Kearney
Subjects: Finance, Management
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