Asset Operability: The Missing Link in Capital Project Performance
Major capital projects present unique challenges for owners and investors. Growing size and complexity, combined with unforeseen environmental, cultural and economic factors, contribute to countless issues in project start-up every year. More broadly, these issues can accumulate to reduce the anticipated value of capital intensive assets.
While project managers are so often dedicated to the mantra of on-time and on-budget delivery, it is asset operability over the long-term that serves as the missing link in measuring true, sustainable capital project performance.