Complete Technology Services, LLC on LinkedIn: #cts #msp #itservices #sunkencostfallacy (2024)

Gain insights and strategies for success by exploring the top 4 reasons why capital projects fail:https://lnkd.in/gHF_MWjd#RiskAssessment #RiskManagement #CapitalProjects #CapitalInvestments #StrategicAlignment #ResourceAllocation #BusinessDevelopment #CapitalBudgeting #ProjectManagement #PortfolioManagement #ProjectDefinition #ProjectExecution #ProjectSelection #ProjectValidation

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From Independent Project Analysis: The Domino Effect Of Cash-Flow Restrictions On ProjectsBy CHERYL BURGESS, DECEMBER 1, 2023:https://lnkd.in/drfavZ9vQuote:"WHAT IS A CASH FLOW CONSTRAINT?Every capital project has a spending pattern that is synchronized with the project’s schedule strategy. A cash flow constraint occurs whenever spending must be slowed to meet a non-project requirement. For IPA’s definition, this must be after authorization to qualify. It must be important enough for the project manager to mention it as a management issue."The numbers presented in the article show (in more ways than one, please see figure) that organizations that develop capital projects to achieve their strategic goals should consider cash flow constraints as nearly a last resort, since (another quote):"WHAT ARE THE BUSINESS EFFECTS?For the average cash flow constrained project, the internal rate of return (IRR) decreases from 15 percent to 12.5 percent and net present value (NPV) drops 20 percent."#capitalprojects #projectmanagement

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Leading organisations are not immune from the risks created by inconsistent, siloed and manual processes. A current state assessment is often the first port of call when organisations embark on a business case for change. And the most common issues uncovered during these assessments are:- Disparate systems creating poor visibility and mistrust of data- Siloed processes resulting in variations of delivery and reporting- Individuals being under or over-utilised, sometimes masking ineffectual systemsCAPEXinsights Business Case for Change Lead Kim Featherstone discusses why organisations should assess their current state and undertake a business case for change in her article here > https://lnkd.in/gzXMjtHq #CAPEXinsights #CapitalProjects #CapitalProjectPortfolio #PortfolioOptimisation #BusinessCaseForChange #GlobalSoftwareSolution

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The later a change is requested, the costlier it gets.📊 Explore the power of proactive planning and how it can mitigate the impact of costly late-stage changes in capital projects. Dive in to discover how early decision-making can save both time and financial resources in the long run:https://buff.ly/3vTj0Zw #CapitalProjects #ProjectManagement #CostManagement #ProjectPlanning

📝Capital projects📝 are generally complex and involve many parties, risks and challenges which means that defining the type of governance is crucial.🔗Explore below the services that we offer at every stage of a Capital Project.🔎Reach us out to know more about how can we help you out with your project!https://lnkd.in/gjPV2PP5#topservices #constructionsolutions #sustainableconstructionsolutions #capitalproject#capitalprojects #capitalprojectmanagement

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Managing project costs effectively has never been more crucial in these unpredictable times. Our team is dedicated to providing you with cost certainty, ensuring your projects stay on budget and on track, regardless of external uncertainties.Through meticulous planning, expert forecasting, and adaptive cost management strategies, we safeguard your investments and ensure project success.#costcertainty #projectsuccess

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Discover the common hurdles in structuring financial projects and learn the strategies to navigate them effectively with our latest article 💼📈. Unforeseen issues during project planning, execution, and management can lead to monetary losses - at the worst threaten organisational performance. This comprehensive guide aims to demystify these challenges and provides valuable insights for successful navigation. Click to read more 👉 https://lnkd.in/eiR-bf*ck #FinancialPlanning #FinancialServices #ProjectManagement #RiskManagement #Fundwise

Is it really possible to double the strategic return from your investment in projects? Absolutely! Watch the 6 video mini-course from our CEO, Stuart Easton, which will give you an introduction to the techniques that can empower you to reap maximum value from your projects. The videos cover:🔹Project Prioritization🔹Portfolio Optimization🔹Resource Utilization🔹Project Staggering🔹Benefits RealizationThe time to watch the entire series is only 35 minutes, so dive in today and unlock the full value of your portfolio!https://hubs.ly/Q02w7v7b0#PMO #PortfolioManagement #ResourcePlanning #BenefitsRealization #ProjectManagement

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Tackle today’s increasing project complexity 👊 by modernizing your project technology landscape to bolster efficiency and optimize project performance. ⚡ Find out more here: https://hxgn.biz/3MRMYTm #Plan #ProjectManagement #DigitalTransformation

Tackle today’s increasing project complexity 👊 by modernizing your project technology landscape to bolster efficiency and optimize project performance. ⚡ Find out more here: https://hxgn.biz/3MRMYTm #Plan #ProjectManagement #DigitalTransformation