Owner Empowerment - Managing Capital Projects in a Volatile Market

To successfully execute capital projects in volatile markets, owners need a more active and informed strategy to identify and manage supply and cost risks throughout a project’s lifecycle.
January, 2009

Today’s volatile and uncertain construction environment puts owners at a significant disadvantage in executing projects on time and at the lowest cost. This environment, plus the undefined scope of certain complex energy projects such as next generation nuclear, is also helping to shift more project risk onto owners’ shoulders. Taken together, these challenges make it even more important for owners to successfully execute projects by taking a more active and informed role in identifying and managing supply and cost risks throughout the entire project’s lifecycle. Approaches and tools that facilitate owner empowerment will be critical for successful capital project delivery.

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