Problem: The traditional approach to managing CAPEX projects, based on aggressive timelines and unrealistic assumptions, often leads to delays, cost overruns, and coordination issues across multiple agencies.  Solution: The solution lies in managing the flow of projects and project tasks, rather than chasing milestones. This approach emphasises synchronisation, limits work-in-progress, and ensures complete task kits before execution to enable the smooth flow of project tasks. Benefits: Improved project predictability, reduced lead times, clean project closures, and minimised ramp-up issues ultimately lead to more successful project execution.

Key Takeaways

Seven out of ten large CAPEX projects suffer from cost and time overruns. A key reason is that they are forced to start with ambitious targets and lack clarity about key details, such as completion criteria and handovers. However, managing projects using the principles of Flow Management can help.

Managing large CAPEX projects: Moving away from ‘project management’ to ‘project flow management’

<h6>Managing large CAPEX projects: Moving away from ‘project management’ to ‘project flow management’</h6>

Download PDF

Prevent delays and cost overruns in large CAPEX projects. A framework for transitioning from traditional milestones to WIP control and project flow execution.