Business Determinants of Project Planning: An Owner's Perspective

by Roland A. Tripp, Owens-Corning Fiberglas Corp, Toledo, OH, USA,



Document Type: Proceeding Paper

Part of: Planning Engineering and Construction Projects

Abstract:

Within a major corporation, planning of capital facilities projects is a never-ending process. It is a major element in the control of cash flow of the corporation. The major concern was how would we use the cash - whether to pay it out in dividends or spend it on capital facilities. Those who paid out too heavily in dividends or other expenses rather than maintaining a good base of upgraded equipment, personnel and facilities have largely reaped their reward in bankruptcy or other operating difficulties. A significant element in cash management is the process of establishing the 'Business Strategy,' and hence, the 'Capital Plan,' as the latter absorbs so much of a corporation's vital cash. Thus, from the 'Owner's' viewpoint, up front planning of capital facility ventures of all sizes has been emphasized dramatically.

Subject Headings: Business management | Project management | Corporations | Asset management | Financial management | Construction management | Quality control

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