Welcome to the Asset Improvement Portfolio Series
In capital-intensive industries with aging assets, traditional project management approaches are failing to keep up with lengthening backlogs of work requests.
Overworked and tired process facilities need plenty of upgrades, but money and other critical resources are tighter than ever. More rigorous project management seems to create more complexity, not better results.
In the following three-part series, we'll discuss how navigating these challenges requires fresh thinking about picking, completing, and governing project portfolios. The goal is to give mature assets what they need despite the surprises associated with brownfield work. Successful organizations are applying Lean, Agile, and Flow methodologies sharply focused on asset integrity and lifecycle value, not just project predictability.
We hope that the following articles will offer beneficial perspectives on the ever-changing and increasingly complex landscape of asset improvement, or, at the very least, inspire thought-provoking conversations on how to better address the challenges of portfolio governance.
Stuart Elliot – Director, Portfolio Value Leadership