The board of directors plays a key role in setting and overseeing an organization s strategy, including the planning and execution of key capital projects. Too often boards discover too late that these capital projects are behind schedule, overbudget, or under-performing posing potentially significant risk to the organization s strategy and shareholder value. Even well executed capital projects or programs can be misaligned with strategy. This report is a user -friendly guide to help the board of directors with effective capital projects oversight. The Capital Project Oversight Framework is a six-step process that: Provides a structured approach for boards to help with their oversight responsibilities; Offers flexibility for customization based on a company s specific circumstances; Includes leading oversight practices to facilitate discussions with the CFO, project sponsors, company management, or external stakeholders; May help identify capital project issues not currently on management s or the board s radar Publication Date: 11.2013
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