Wednesday, June 22, 2011

How does your Management Team define Turnaround Success; are the success factors communicated to all Stakeholders?


Often true Turnaround success is a moving target as each stakeholder group has differing ideas and factors to measure success. Unfortunately, it seems that much emphasis is based on a blending of qualitative feeling and few quantitative results. Without a set of predefined metrics, that are communicated to each stakeholder group we all fail. Too many times both Owner groups and contractors are subjected to ambiguous reviews based on subjective data.

Successful implementation of any Turnaround starts and ends with a common understanding of requirements, metrics and a clear communication process.

No comments: