It's no secret that cost overruns and delays run rampant in large capital projects. But a lack of internal discipline, in both the proposal and management stages of a project, further raises costs--both of individual projects and entire portfolios of investment.

It's a drain on the bottom line even when times are good, but it also leaves companies less prepared for capital constraints prompted by external events such as the recent COVID-19 pandemic. It is pertinent that the capital budget is consistent with an overall strategy for the use of cash, informed by knowledge of both the capital requirements of current and future projects and balance-sheet and cash-flow constraints.

Effective capital planning decisions can lead to significant competitive advantages. Capital optimization can lower wasted resources on unnecessary projects and lead to improved profitability.
Companies across the world are already looking for methods and techniques to improve their current processes.

There is increasing pressure in companies to reduce costs, through capital optimization initiatives including stay-in-business (SIB) capital spend. It requires that a process is developed to prioritize, select, and successfully execute the necessary SIB projects to support operations in delivering on their business plans.

The design and processes playbook is developed in accordance with the methodology of a top tier consulting firm in the SIB execution environment and will assist in assessing if capital optimization potential exists.

It covers the following sections:
1. Business Value Proposition
2. Core Business Processes
3. Governance and Performance structures (which includes but is not limited to organization design)
4. Change management
5. Implementation Roadmap

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