Thursday, September 2, 2010

Integrated Asset Maximisation

"According to Standish Chaos Reports only 20% of IT projects fi nish on time and/or within budget. Based on FMI’s Construction Report, it says only 30% of construction projects finish on time and/or within budget."

Regardless of which industries you are in, one of the key factors that contribute to project running over on cost and time is the ability to allocate the right assets to the right projects. Asset in this context entails machinery & equipment, intellectual asset, fi nance resources, human capital, skilled labour, company’s goodwill, etc…

Misallocating assets to projects increases project risks which may lead to:

• Company safety record may be negatively impacted by having limited resources working on too many projects

• Burnt out staff may lead to high turnover hence cause skilled labour shortage

• Having WRONG people assigned to the projects may end up having unhappy client, poor profit margins, extensive claims from contractors and subcontractors

• Projects running late and/or over budget

All of these consequences will adversely affect the company’s revenue maximization opportunities and bottom line.

Trueventus will be organising this event in Parkroyal Hotel, Kuala Lumpur. To download the brochure, please go to: http://www.trueventusmalaysia.com/engineering/IAMD.pdf

For more information, please email DillonY@trueventus.com

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