Capital projects are complex, costly and hard to execute. No surprise 90% of large capital projects end up over budget and/or (usually and) behind schedule. No surprise they keep the finance team awake at night.
As the first employee at Enstoa, I have participated in over 100 system implementations since our inception in 2007. In my experience, the capital projects team has been the most expensive cost center per employee. Their technology needs are seldom understood and are often overlooked. These teams go by various names such as physical assets, facilities management / real estate, design and construction but their primary objective is to manage the construction and maintenance of all revenue generating assets.
What-ifs - I love doing "What-ifs" and "Time Impact Analyses", even risk workshops; they break the drudgery of the dreaded monthly report.
Recently I have let myself mull over a few compelling "What-ifs."
What if… we didn't have to waste, I mean spend, hours maintaining our own "database" of project costs and then reconcile them against Finance's "system of record?"