From Rigid to Agile: Delivering Cost Savings and Speed to Output in Capital Projects
Business Agility in Capital Intensive Industries. Download our report.
Businesses with capital-intensive profiles, known for their substantial investment in durable assets, have been hesitant to embrace agile methodologies, despite the widespread acknowledgment of their benefits in various industries.
Capital projects typically involve large-scale, long-term investments with a high degree of complexity and regulatory requirements. This drives the reluctance to adopt more iterative approaches with an emphasis on adaptability that can be perceived to clash with the rigid timelines, budget constraints and predefined outcomes that typically characterise these projects.
Moreover, the need for extensive documentation and stakeholder approvals at various stages may be at odds with more fluid and incremental delivery process typical for agility. This article seeks to challenge the erroneous notion. On the contrary, agile practices can unlock considerable value and empower organisations to sustain a competitive edge in capital projects delivery.
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