Nowadays organizations are challenged daily to keep their business running by continuously adding value to its stakeholders in a sustainable way. In order to achieve that, business managers are required to have a clear organizational vision, mission and a well-established business strategy combined with a set of portfolio of projects towards converting strategic goals into business value.
The crisis contex together with the huge speed of technology advancements, the power of social networking
and markets globalization are triggering organizations to rationalize and optimize their resources while
business managers are pressurized to deliver successful results. Another concern is the fact business
managers are getting “tempted” to tighten their budgets and follow a cost-control management approach as
it turns to be the most immediate way to get a positive impact on the P&L. However in a long term it will
compromise the organization growth and the ability to create sustainable wealth to the stakeholders. This is
where capital investments play a key role to support innovative initiatives implementation which explains the
worldwide increase budget available for new investments, the capital expenditure (capex). But even though
new projects proposals justify the need of increasing funds, why do most of projects still fail on delivering
results? Despite the well advanced project management techniques to manage projects efficiently (triple
constraint criteria: scope, budget and time) are …
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