KPMG Major Projects Advisory Leadership Project Series: From Concept to Project -- Critical Considerations for Project Development
Jan 14, 2013
From the Global Energy Institute
This installment of the Major Projects Advisory Project Leadership Series emphasizes the critical considerations required during the earliest phases of the project development cycle.
The expression of the project development cycle may vary among organizations and industries, but generally speaking, the project life cycle consists of the following phases:
These phases encompass a broad range of interests, countless activities and a host of stakeholders. It is not uncommon, even for organizations with an extensive project development track record, to experience the repercussions of unmet expectations, delayed ribbon cuttings and bloated project expenditures.
Many organizations discovered long ago that a carefully conceived concept combined with a well-designed project plan is the road map for success. While critical appraisal and intricate planning may not ensure success, their absence often results in negative project outcomes.