Capital projects often fail not for technical reasons but due to poor design, specification, and project management processes. The book explains how Early Equipment Management provides countermeasures to these weaknesses through: Processes that define clear accountabilities for each step of the concept-to-project-delivery process (Design and Performance Management, Specification and Life Cycle Cost Management, and Project and Risk Management); Use of progressive design goals for the delivery of low life-cycle costs; Processes to distil tacit knowledge, reveal latent design weaknesses, and build high performance cross-functional team collaboration; And project governance processes to surface concerns and trap problems early so that they do not contaminate later stages.
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