Abstract
M.Ing.
A company can execute a number of different projects. Some of these
projects will increase production volumes, plant efficiency or plant
productivity. Others may only be projects that are executed in order to
conform to legislation requirements. As such projects can broadly be placed
in the following categories:
• Compliance
• Emergency
• Operational
• Strategic and
• Sustainability
A project needs to go through a number of steps before it is decided to
finally execute the project. The first step is to place the project in the
correct category. The second step is to screen the project on a high level to
ensure that it meets all of the required criteria. The third phase would be to
prioritise the projects. The final step would then be to decide which
projects to execute. This type of staged approach determines which
projects to complete and ensures that resources are not wasted
unnecessarily on projects that should not be executed and that do not meet
the minimum criteria.