Why strategic planning matters to your project and investment in the 21st century
At Group-IPS, we help our customers invest confidently in the future. One key aspect of the process is master planning. Without it, companies tend to make quick decisions without relevant data and risks adequately evaluated, costing them extra time and causing investment value loss. Master planning is a must in modern industry and all companies should keep it in mind if they want to become, and stay, competitive in their field.
“We help our customers with four pillars when it comes to master planning,” says Head of Innovation and Consulting at Group-IPS Carlos Bravo Fernandez, and continues, “the first is a Technology and Innovation Proposal, the second one is Sustainability—from a social, environmental and financial perspective, the last two pillars are Risk Analysis of project execution strategy and geopolitical and market impacts and an Investment Decision Report, which is similar to a building the full business case encompassing all other vector impacts.”
To achieve master planning for our customers, we also use business unit experts’ knowledge, developed according to our new strategic plan—Predict, Innovate, Enable, Define, and Manage. With the help of these units, we aid our customers in key decisions such as where to invest so that it aligns with their company philosophy and strategy and will retain its original value in the long term.
But there’s also a challenge we are trying to tackle, Carlos confesses: “We know very well that we, as well as our customers, instead of seeking higher value from new solutions, tend to stick to processes we already know even if they are less effective. This comes from not spending enough time and effort evaluating risk and reward of multi-option analyses. That is a pain point we are tackling by thinking out-of-the-box and helping our customers adopt this mindset too. “For example, many companies don’t consider the long-term effects of CO2 emissions. But once they learn how fast regulation and taxation are growing and that it affects them, they start thinking about CO2 emission reduction,” Carlos explains.
Another issue is that the world is changing so fast that we must create several possible scenarios through probability iterative analysis when building a business case. That means we must find a way we are going to deal with each different scenario, should they occur. Hence, our customers have an action plan for each foreseeable event and avoid value loss resulting from being reactive instead of proactive.
“Customers can go to consulting or technological companies, but I believe that most want to avoid information loss, duplicate costs, and the inefficiencies of separate packages managed by numerous groups; instead they prefer all the needed efficient master planning services in one package, managed by the same team. That is exactly what they get at Group-IPS, as we take their projects through the process, from consulting to finalization. But we never forget to have the bigger picture in mind to allow them to become competitive technological innovators in their industry segment,” Carlos concludes.
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