Managing Capital Projects: Lessons From Asia
Source: McKinsey & Company
Some Asian companies are better at executing capital projects than are rivals elsewhere. What lessons can others learn from them? Around the world, the resources needed for big new capital projects are scarce. Shortages of everything from commodities (such as steel plates and cement) to engineering, procurement, and construction personnel are delaying projects significantly and generating cost overruns for new factories, refineries, and mills.