When you begin a project do you ask yourself, “What does success look like?”
As EPC professionals, we are challenged to balance the budget and the schedule, while maintaining a certain level of quality. We track expenditure vs. output and graph our progress with curves resembling bananas (projected vs. actual), but, do these quantitative metrics lead us to successful project execution?
According IPA, 40% of all capital projects fail to meet their benchmark criteria for success. That means that 60% of the time, we are not doing the right things. Is it because we don’t know where we are going or that we don’t know how to get there?
Maybe, our client’s concept of success has changed, but, how will we know unless we ask the question?
What do you think?