STRATEGIC BUILDING BLOCKS
At the end of the project team’s first month of using its new capex approach, the company’s leadership joins the team to review the base alternative together and the assumptions made. At the end of the meeting, being influenced by the outcome of the base alternative, the full team will ask itself a question: What are the larger, more strategic opportunities at each site?
It doesn’t matter whether they’re “good” or “bad” projects. Seen in isolation, they can’t be accurately judged. It’s only by stringing a number of these individual capex projects together, and by running the projections through the capex strategy model, ...
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