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Why do I need to select a Scenario before doing a Study?

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Studies are the mechanism by which we make investment decisions on asset creation projects. Selecting a scenario is vital to achieving Study outcomes.

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Why do I need to select a Scenario before doing a Study?

  1. 1. Why do I need to select a Scenario before doing a Study? KARBINE SERVICES Karbine
  2. 2. Studies are the mechanism by which we make investment decisions on Projects to try and achieve an ROI. Karbine
  3. 3. Studies are the mechanism by which we should make investment decisions on Projects to try and achieve an ROI. Karbine
  4. 4. Studies give us vital information on: Cost Time Risk Karbine
  5. 5. Studies are scenario based exercises that act as precursors to the capital spend phases of asset development. Karbine
  6. 6. The selection of the Scenario is vital and often the most overlooked and undervalued aspect of Studies. Karbine
  7. 7. If you are trying to make an Investment Decision, then you are the one that needs to fully understand and control the Scenario. Karbine
  8. 8. Engaging contractors to do a Study, before selecting a Scenario, is dangerous. Karbine
  9. 9. Engaging contractors to do a Project, before selecting a Scenario, is deadly. Karbine
  10. 10. Cost Time Risk These are all relative to the Scenario that you have chosen. They are not absolutes! Karbine
  11. 11. Changing your Scenario will change your Study, which will change your Project, which will change your Cost, Time & Risk, which will change your ROI. Karbine
  12. 12. Different industries in different countries perform Studies in different ways. Many of the differences and Risks are implicit to the Study Contractor but are NOT explicit to the investor. Misalignment is endemic in cross cultural collaboration. Karbine
  13. 13. If you are embarking on the journey of asset creation, get some professional help. Cost, Time and Risk “blowouts” are now very common. Karbine
  14. 14. You may be the worlds greatest asset manager but the process of creating assets and getting the best bang for your yuan is very dependent on asset location. Karbine
  15. 15. Above all else, own your Scenario. Ensure everyone understands what Scenario they are working towards and why. When the Scenario changes (and it always does) make sure you explicitly manage the change. Karbine
  16. 16. Studies are the mechanism by which we should make investment decisions on Projects to try and achieve our ROI. Scenarios are the mechanism by which we ensure that our Studies are aligned with our corporate goals. Karbine
  17. 17. KARBINE SERVICES WWW.KARBINESERVICES.COM contact@karbine.com.au

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