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Ongoing Capital Management

In heavy industry, ongoing sustaining capital spend is significant - so managing this process well can yield significant benefits for organisations.

In a typical engagement, PIP is asked to assist in the three areas of sustaining capital as below:

1. One-off review of current sustaining capital (“Are we doing the right projects”) which facilitates a critique of current capital work to determine if it is needed, if lower priority work has been culled or key projects have not been approved
2. Review and redesign (as needed) of processes to manage individual projects (project management wiring to ensure projects are completed on time, in budget, safely with risks managed. This work picks up on the capital management work we do for large projects and ensures that simplified processes and tools are embedded in the organization for managing the day-to-day capital work
3. Review and redesign (as needed) the capital management wiring overall - this includes the annual review process, daily, weekly, monthly reviewing, KPIs, audits etc. .

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