2012-03-12-奥纬咨询-Maximizing_Returns_on_Large_Infrastructure_Projects_12页_25mb

报告摘要

Summary: Maximizing Returns on Large Investment Projects

Key Points

The Opportunity & Scale: Global investments, particularly in large infrastructure projects exceeding $500 million (though thousands of projects under $100 million exist), are massive. Better risk management offers a significant opportunity for improving returns.
The Problem:
- Ignoring Opportunity: Despite potential for improvement, governments and corporations often overlook refining risk management for large projects.
- Inherent Difficulties: Large projects involve complex, hard-to-manage risks, leading to difficulties in quantifying impacts and securing necessary actions.
- Operational Challenges: Poor risk awareness during planning hinders engineers from advocating effective risk mitigation plans.
The Proposed Solution:
- Enhanced Sophistication: Governments can improve large project returns by developing better risk management capabilities and quantifying the economic impact of these risks.
- Increased Transparency & Flexibility: Rigorous risk tracking ensures cost overruns and delays are reduced (e.g., by 20%).
- Quantifying Impact: Explicitly evaluating both downside risks (cost, delays) and upside potential is crucial for capital allocation priorities.
The Benefit: Improved risk management leads to tangible financial benefits, freeing up trillions of dollars globally (e.g., $13-15 trillion in savings impact on EU/US public finances could literally mean trillions more available for other purposes).
Required Action: Organizations must improve their approach to handling risks inherent in large projects by enforcing better planning, resource allocation, risk identification, and mitigation funding.
Case Example: "Valley Railroad" demonstrates how rigorous review, revised planning reflecting realistic constraints, targeted capital allocation ("insurance capital") and focused risk management improved financial performance significantly.