When dealing with capital projects, “behind schedule and over budget” are like nails on a chalkboard to managers’ and clients’ ears. With millions of dollars being spent on these projects, the stakes are higher than ever before. According to PwC, capital investments increased 7% last year. Development of new buildings, plants, and facilities as well as renovations to existing facilities are just some of the capital projects receiving increased investments from companies in industries like utilities, oil & gas, telecommunications, semiconductors, consumer products and health care.
With its many moving parts, capital project and portfolio management (CPPM) is no easy task regardless of whether the efforts are for your own company or your clients. The key to successful capital projects lies in close management of all the moving parts, especially timelines and budget. Ultimately, even the best managed projects can run into unforeseen delays and end up over budget.
Since “ahead of schedule and under budget” is music to managers’ and clients’ ears, what can be done to mitigate risks? On June 25 at 2:00 PM ET, join SAP and our partners, Platinum DB and Ross Management Services for a free webinar to learn how you can simplify CPPM, improve operating transparency, and increase cost management control across your projects life cycle. For more on the webinar and to reserve your spot, click here.