10 June 2019
2020 has been a perfect storm. Demand has plummeted. We’ve suffered all types of social disruption and financial volatility. The result has been a market environment demanding abrupt decisions about both in-progress and near-term capital investment plans. This storm was not forecasted, its impact is severe, and the response demands extreme portfolio management.
Managing capital programs is a challenge under normal conditions. There are competing priorities, limited resources, and the typical problems encountered during project execution. How we manage these challenges makes the difference of whether our assets can deliver the business plan despite the uncertainty. The extreme environment within which we now find ourselves demands decisiveness. Any mistakes could be critical.