Mega industrial projects (> $1.0 Billion) are serious undertaking. Only 20 % of E&P mega project succeed as compared to 50% other industrial mega project. Will your project be successful or a Failure?? I strongly suggest you read ‘Industrial Mega Projects’by Edward Merrow. According to Ed, ‘In 300 global megaprojects, 65% failed to meet the business objectives and most of them were unprofitable.
Here we will look at how Front-End Loading(FEL) and project measureshelp benchmarkUpstream capital projects and improve their profitability.
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