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The practice of project management has become the foundation anchoring the execution of large, complex industrial projects.   And yet, despite its widespread institutionalization, projects small and large continue to fail at alarming rates.  Statistically, between 65% and 75% of billion dollar projects will fail to realize their economic objectives.   Traditional project management is clearly no guarantor of execution success.

The Point explores the underlying reasons behind these disturbing statistics and offers far reaching solutions.  Project management is recast into a broader endeavor.   Its starting point is the actual aim of a project: to create an asset capable of delivering sustained investment returns.   It is more than processes and procedures.  It is an organization, it is a business and it is the art of relationships.   Their importance to the realization of the profitably performing asset is for the first time developed into a coherent project execution framework.

This book will resonate with new and experienced project professional alike, who struggle with the ever-present threat of budget overruns, schedule slippages, construction misfires and plant deficiencies.  Owners, operators, design firms and constructors will discover the common threads that unite them in their shared and individual commercial objectives.    Few organizations can afford to deploy their project capital as inefficiently as history reveals.  Fewer still can afford the status quo in an era of low commodity prices, complex global execution strategies, and regulatory minefields. The Point offers project owners and developers alike a road map to predictable and repeatable success, and a guarantee of future investment returns from their assets.