Capital Project Management, Volume I

CHAPTER 2

Corporate Strategy and Capital Projects

Introduction

Strategic management is a rigorous corpus of research and scholarship in business administration. If one is to speak of capital projects, one should have a grasp of strategic management imperatives. This is because by definition, capital projects deploy investor capital. The connection between externally borrowed capital and any specific project budget may not be plain, but it exists nonetheless and is only a matter of accounting logic to deduce. This chapter elaborates on that theme by connecting the dots between the C Suite and the capital project manager. The focus is on the correct use of meaningful terms, not as a matter of semantics, but for precise conveyance of key ideas that ...