The practice of managing capital project delivery in America evolves. By proxy, the skillsets necessary to fulfill the requirements of this profession also evolve. This report attempts to identify sources that define which skillsets are most valuable for professionals managing capital project delivery today. The report will specifically explore professional certifications and organizations, Accreditation Board for Engineering and Technology (ABET) accredited education programs, and industry opinion. Included in the study is a discussion of valuable skillsets for future construction management professionals. / text

A capital project represents a significant investment by a firm to create future economic benefits. Since the global economic recession begun in 2008, corporate owners have paid increased attention to business-project interfaces with the aim of improving alignment between business strategy and capital project development. Despite its importance, the business-project interface has not been quantitatively measured and no empirical evidence exists about its effects on performance outcomes. This dissertation intends to identify and quantify the business-project interfaces in the development of a capital project in terms of personnel involvement and task interaction, and to investigate its effects on performance outcomes and the value of best practices. To achieve these objectives, a conceptual framework for assessing the involvement and interaction on business-project interfaces was developed. Based on the conceptual framework, a questionnaire including quantitative measures for the assessment of personnel involvement and task interaction was designed. Supplemental survey responses were received for several industrial capital projects that had initially provided capital project data to the CII Benchmarking & Metrics database. The effects of the business-project interface in terms of cost, schedule, change, and business performance were documented. Data analyses show that project groups with high involvement by business personnel and high interaction between business and project units tend to show remarkably improved project performance. Furthermore, this dissertation presents confirmation that projects with high involvement of business unit personnel and intensive implementation of best practices tend to show superior project performance. The primary contribution of this research is to provide a quantitative assessment tool to assess the business-project interface and to document the interface throughout project life cycle. Another contribution is empirical evidence of the benefits on project performance from implementing best practices that were supported by management. / text

Communities across the United States, of all sizes, have accepted that maintaining the automobile-centric design of their cities is not a sustainable way to plan for the future growth, public health or safety of their cities or citizens. As a result, communities have begun to embrace a shift in their design and engineering standards to allow for pedestrian and bicycle friendly facilities that safely accommodate and encourage mode choice. Through the collective will of the public and city leadership, communities are rapidly moving toward implementing plans and design standards that re-establish the public right of way as safe and accessible for pedestrians and bicyclists, as well as automobiles. However, in the face of increasingly diminished federal and state transportation funding, cities are looking toward creative local funding mechanisms to pay for their bicycle and pedestrian infrastructure. To understand the types of local funding being used, this thesis analyzes eleven different sized case study cities across the U.S. that are leaders in planning for, and implementing, multimodal capital projects and programs. These national leaders most widely used the county sales tax measure as a funding mechanism. Additional popular approaches were general fund allocations, transportation impact fees and bond issues. The case study analysis also revealed that cities often looked to more than one local funding source to fund their bicycle and pedestrian capital projects.

The study was conducted to establish what effect life cycle cost forecasting accuracy has on project valuations with special reference to a global mining organisation’s coal business unit in South Africa. The research stemmed from the fact that the organisation identified through its own research in 2009 that its capital projects rarely met the originally budgeted life cycle cost forecasts estimated during the project development stages. These forecasts were generally found to be underestimated. Overrunning of cost budgets in project management terms results in project failure. The study employed two main empirical research sections. The first section took a case study approach where past implemented project results were collated and analysed. The main aim was to determine how close to reality the original life cycle cost estimates were, and secondly how any variances to the originally budgeted costs impacted on the anticipated project value post implementation. Secondly, the study employed in-depth interviews with seven project specialists within the organisation that were also involved in the development stages of the investigated projects. The study concluded that life cycle cost forecasts are very important project business case inputs and that the necessary time and effort should go into developing them so as to ensure that they are as comprehensive and accurate as possible. The sensitivity analysis that was conducted revealed that a coal mining project business case is the second most sensitive to variations in life cycle costs after variations in commodity price. The results indicated that a 20% increase in life cycle costs can destroy an equivalent project value of up to 100%. Accurate life cycle cost forecasting is therefore essential in order to estimate to a certain degree of accuracy the value of a project which in turn will be used to inform capital investment decision making. / MBA, North-West University, Potchefstroom Campus, 2014

The study was conducted to establish what effect life cycle cost forecasting accuracy has on project valuations with special reference to a global mining organisation’s coal business unit in South Africa. The research stemmed from the fact that the organisation identified through its own research in 2009 that its capital projects rarely met the originally budgeted life cycle cost forecasts estimated during the project development stages. These forecasts were generally found to be underestimated. Overrunning of cost budgets in project management terms results in project failure. The study employed two main empirical research sections. The first section took a case study approach where past implemented project results were collated and analysed. The main aim was to determine how close to reality the original life cycle cost estimates were, and secondly how any variances to the originally budgeted costs impacted on the anticipated project value post implementation. Secondly, the study employed in-depth interviews with seven project specialists within the organisation that were also involved in the development stages of the investigated projects. The study concluded that life cycle cost forecasts are very important project business case inputs and that the necessary time and effort should go into developing them so as to ensure that they are as comprehensive and accurate as possible. The sensitivity analysis that was conducted revealed that a coal mining project business case is the second most sensitive to variations in life cycle costs after variations in commodity price. The results indicated that a 20% increase in life cycle costs can destroy an equivalent project value of up to 100%. Accurate life cycle cost forecasting is therefore essential in order to estimate to a certain degree of accuracy the value of a project which in turn will be used to inform capital investment decision making. / MBA, North-West University, Potchefstroom Campus, 2014

In 1992, the Government of Botswana appointed a National Commission to review the education system and advise how it could promote human resource development to address the country’s socio-economic challenges. The Commission identified the need to diversify the labour market and shift towards occupational groupings based on skills, attitudes and competence. However, fifteen years on, Botswana’s dependence on diamond mining, coupled with immigration from neighbouring countries and a mismatch of skills supply and demand has resulted in a pool of labour exceeding the number of jobs available. Access, opportunity and social inclusion therefore represent major challenges, since large numbers of under and un-utilised people imply a heavy socioeconomic burden. This thesis employed a Problem Based Methodology within the framework of a Project Cycle Management approach to develop a project for an Adult Basic Vocational Education and Training (ABVET) programme as a contribution towards the development of human and social capital in Botswana.

Exploration and Production (E&P) project costs within the oil industry are continuously increasing reflecting a reality of more harsh environments, remote locations with minimal existing infrastructure and cost increases for materials and skilled resources. The significant capital expenditures translate to a number of projects either for new or revamped production facilities. Successful project completion requires a series of correct decisions throughout the project life-cycle namely design, construction, operations, maintenance and decommissioning. Using a Reliability, Availability and Maintainability (RAM) model as part of the project decision process is an E&P industry best practice that recently gained acceptance in Hess Corporation. This paper presents the RAM methodology and the gains from its application in a capital project. / text

Thesis (MBA)--Stellenbosch University, 2004. / ENGLISH ABSTRACT: Everyone, generally. would like to make good decisions, or receive the greatest benefit from a decision made. Companies are no different in this respect and the process of selecting an investment project portfolio has become an important activity. This is, further, complicated by the fact that companies have multiple, and often, conflicting objectives in a situation of capital rationing. This study project proposes a conceptual framework for project portfolio establishment, for application in an industrial manufacturing type environment, by integrating project evaluation and selection, a multi-criteria decision analysis technique and group decision-making. The project issues, the selection of a multi-criteria decision analysis technique and group decisionmaking are dealt with sequentially and then integrated to develop this conceptual framework. The explorative part of this study project deals with project evaluation and selection issues, and the concept of the triple bottom line is proposed to capture the multiple objectives of the company's decision context. Further, decision analysis concepts are reviewed and three categories of multi-criteria decision analysis methods identified. Selected methods in these categories are described, examined and the advantages and drawbacks of the different categories highlighted. The Analytic Hierarchy Process is proposed as the underlying multi-criteria decision analysis technique to support this conceptual framework. Group decision-making is investigated, and aggregation procedures and a method of consistency checking suggested. Finally, the framework is applied to a hypothetical case and the results presented. / AFRIKAANSE OPSOMMING: Oor die algemeen wil almal goeie besluite neem, of maksimum voordeel uit die besluite trek. Maatskappye het dieselfde motivering en die aktiwiteit om 'n kapitaalinvesteringsportfolio saam te stel word as van groot belang beskou. Hierdie aktiwiteit is ook deur die werklikheid van vele, dikwels teenstrydige doelwitte sowel as beperkte fondse bemoeilik. In hierdie werkstuk word 'n begripsraamwerk vir die daarstelling van 'n investeringsportfolio vir kapitaalprojekte in 'n nywerheidsomgewing, wat projekevaluering en - keuring, veelvoudige kriterium besluitnemingstegnieke en groepsbesluitneming insluit, voorgestel. Projekverwante faktore, die keuse van 'n veelvoudige kriterium besluitnemingstegniek en derdens groepsbesluitneming word apart bespreek en daarna in die bogenoemde raamwerk geintegreer. Die navorsingsgedeelte van hierdie werkstuk verwys na die evaluering en keuse van projekte. Die begrip van 'n drievoudige maatstaf ('triple bottom line') om die kompleksiteit van 'n maatskappy se besluitnemingsdoelwitte te illustreer, word ondersteun. Daarna word besluitnemingsbegrippe bespreek en drie kategoriee van tegnieke vir veelvoudige kriterium besluitnemings uitgelig. Onder hierdie kategoriee is verkose metodes beskryf en ondersoek, en voor- en nadele van die kategoriee uitgewys. Die Analitiese Hierargie proses word voorgestel as basis van die begripsraamwerk. Groepsbesluitneming word ondersoek en versamelingsmetodes met kontrole vir konsekwentheid word voorgestel. Laastens word die besluitnemingsraamwerk op 'n denkbeeldige geval toegepas en word die resultate bespreek.

Cuba’s expansive coral reefs and mangrove habitats provide a variety of ecosystem services to coastal communities including nursery grounds for fisheries, shoreline stability, and storm and flood protection. While Cuba’s coastal habitats are some of the most preserved in the Caribbean, they are under increasing threat of degradation from the impacts of climate change, increased tourism, and coastal development. With the goal of sustainable development, Cubans need to assess the storm and flood protection benefits these coastal habitats provide, and integrate this information into future expansion and management plans within the National Protected Areas System (SNAP). Using the open source software, Integrated Valuation on Ecosystem Services and Tradeoffs (InVEST), a national-scale coastal vulnerability model was developed to provide quantitative estimates of coastal exposure and the protective role of coastal habitats during storm events. This model integrates storm information with bathymetry and coastline geomorphology, coupled with coastal habitat data to estimate the influence of these habitats in reducing vulnerability to storms and flooding. By combining these results with human population data, the model identifies where coastal communities are most vulnerable to wave energy and storm surge, and where coral reefs and mangroves provide the most protection by reducing impacts to these communities. We classify these regions as areas of conservation priority. We observed that fifty percent of the areas identified as areas of conservation priority lack any form of environmental protection. We recommend including these key habitats within the National System of Protected Areas. This will permit decision makers to more effectively concentrate restoration and conservation efforts in areas where people and natural resources will experience greater benefit from valuable ecological services.

Master of Technology: Public Relations Management in the Faculty of Informatics and Design at the Cape Peninsula University of Technology 2013 / The aim of this study was to explore the benefits and potential of improved inter-organisational collaboration as compared to non-collaboration between the identified stakeholders in this research. This research established the level of current inter-organisational collaboration and satisfaction between the identified Western Cape Province stakeholders and verified whether this collaboration could be seen as contributing to tourism growth in the region. It also determined how improved inter-organisational collaboration and communication can be achieved to ensure tourism marketing effectiveness. In the lead-up to the 2010 FIFA World Cup™, regional stakeholders formed strategic partnerships to ensure a successful soccer event. The researcher sees such a collaborative approach as limited to major events or projects such as the 2011 bid for the Design Capital 2014. Inter-organisational collaboration is not clearly visible in the destination and tourism marketing of the region and this lack of collaboration has been highlighted. For the purpose of this study, the Resource Dependency Theory of Collaboration was utilised to highlight the inter-dependency between the identified regional stakeholders with vested interest in the Western Cape Province and Cape Town's tourism industry. The researcher conducted qualitative research which is situated in an interpretivist paradigm with its emphasis on experience and interpretation. The qualitative research is seen as being suitable for this research as detailed information has to be sourced through interviews. A qualitative exploratory approach, comprising face-to-face interviews with key informants in the industry was undertaken. The key informants engaged were drawn from a range of organisations engaged or who have a vested interest in the tourism industry which is a key economic driver in the Western Cape Province and Cape Town. The outcome of this study firstly was to establish the current levels of inter-organisational collaboration between the identified stakeholders and how this affects tourism growth. A closer look was taken to look at the current overlapping in the marketing initiatives embarked upon by the destination and tourism marketing organisations in the Western Cape Province, namely Wesgro and Cape Town Tourism and how these can be avoided. Secondly, the study explored how higher inter-organisational collaboration can ensure the achievement of effective tourism marketing of the region. As per the research findings, the researcher compiled recommendations on optimising inter-organisational collaboration among key regional stakeholders. These recommendations should contribute towards streamlining resources and redirecting some of the allocated funds from tourism marketing to other socioeconomic activities that can benefit the citizens of the region, such as developing emerging small to medium tourism enterprises and entrepreneurs.