Blueprint for success: How top performers are reinventing capital projects to deliver reliable & resilient utilities
In today's capital-intensive world, project delays and cost overruns are all too common. But there are organizations that consistently deliver on time and within budget. Join Accenture as we uncover the strategies behind securing an efficient and sustainable future for utilities infrastructure, based on insights from 700 senior infrastructure and capital projects executives across 12 global industries.
With a growing demand for public infrastructure, especially in North American Utilities, the time to act is now. Utilities are investing more than half of their CAPEX in improving transmission and distribution, which is critical for enhancing the resilience and reliability of existing infrastructure, strengthening the grid against extreme weather, and integrating renewable energy sources to reduce outage risks and ensure a reliable power supply. Despite this, 92% of all large infrastructure and capital projects miss their commitments, and 66% incur additional costs of 29%, on average.
What sets the top performers apart? They have a proven blueprint for success, from inception to completion. These organizations excel in four action areas—value and risk based planning, effective management of stakeholders, ESG and compliance and building and sustaining the skills needed to meet intended outcomes.
Session sponsored by Accenture