Improving the Decision Process

Asbjørn Rolstadås (), Per Willy Hetland (), George Farage Jergeas () and Richard E. Westney ()
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Asbjørn Rolstadås: Norwegian University of Science and Technology
Per Willy Hetland: Norwegian School of Management
George Farage Jergeas: University of Calgary
Richard E. Westney: Westney Consulting Group, Inc.

Chapter Chapter 9 in Risk Navigation Strategies for Major Capital Projects, 2011, pp 97-107 from Springer

Abstract: Abstract Capital projects are an investment made to generate future free cash-flow. The extent and reliability of this cash-flow is dependent on many things of which the cost and time of the engineering and construction are only a part. While project cost and time impact the commercial and financial aspects of the project (and vice versa), organizational silos and other constraints often inhibit the management of these interfaces. This chapter will describe the four planes of capital projects: Commercial, Financial, Technical, and Execution, and suggest a holistic approach that not only recognizes the activities and deliverables in each plane, but also the interfaces between them.

Date: 2011
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DOI: 10.1007/978-0-85729-594-1_9

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