Strategic business improvement approaches to capital expenditure processes in manufacturing

McAdam, Rodney; McCarron, Eamonn

doi:10.1108/09576060210411468

Cited by 2 publications

(2 citation statements)

References 9 publications

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“…The availability and qualitative structure of fixed assets at an enterprise condition not only its economic independence, competitive strength and financial sustainability, but also are an important factor in the development of all economy in whole, since they directly influence the progress of marketed relations [9].…”

Section: Introductionmentioning

confidence: 99%

Analysis of Articles of Fixed Assets Renewal of Russian Business Enterprises

Nechaev¹,

Barykina²,

Puchkova³

2017

Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

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In the present article, the topicality of the chosen research theme is given proof. The need of the analysis of articles of fixed assets renewal of Russian business enterprises conditions not only a high level of competitive ability and effectiveness of activity, but also makes it possible to decrease process cost. Further, within the scope of the research, some problem aspects of articles of fixed assets renewal of the business enterprises resisting renewal of capital assets, are considered. On the ground of official data of Federal State Statistics Service, such indicators of capital movement as retirement and renewal rates (as percentage of capital fund availability at the end of the year), startup of capital assets (cost and structure), the degree of depreciation (overall figures of all economic activities), a fraction of fully depreciated capital assets (by individual industries and types of basic funds) and depreciation charge amount (cost and as percentage of basic assets availability) are analyzed (as exemplified by Russian business enterprises, including types of economic activities). For an analyzed period, the radius from 2014 to 2016 is chosen. Then according to the results of the analysis, some principal factors manipulating effectiveness of fixed assets renewal are singled out, the need of well-timed and full business capital renewal is confirmed and some recommendations of its optimization are given.

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Section: Introductionmentioning

confidence: 99%

Analysis of Articles of Fixed Assets Renewal of Russian Business Enterprises

Nechaev¹,

Barykina²,

Puchkova³

2017

Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

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show abstract

“…Capital projects involve the building of the necessary plant and equipment infrastructure to create or improve production capacity in response to increased market demand, or to protect existing market share (McAdam and McCarron, 2002). A capital project that performs well provides a company with a competitive advantage in capital and unit product cost, better quality facilities and superior responsiveness to business needs.…”

Section: Introductionmentioning

confidence: 99%

Team management for fast projects: an empirical study of process industries

Scott-Young

Samson

2009

International Journal of Operations &Amp; Production Management

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Purpose -The purpose of this paper is to set out to identify key team factors associated with the fast implementation of capital projects. Although scholars theorise that project success depends as much on the effective management of project personnel as on technical management, the project literature is virtually silent on which team practices are pivotal. Design/methodology/approach -Using a model-based quantitative research design, the impact of team management variables on the speed of two different phases of capital project implementation were examined: project execution and project construction. Multi-method data collection included 252 individual surveys, archival documents, and whole team interviews conducted at the closeout of 56 capital projects implemented in four continents by 15 Fortune 500 companies in the process industries. Findings -Empirical analysis revealed that only some of the variables predicted from other literatures (project manager -PM continuity, cross-functional team integration, and PM incentives) were significantly linked to fast schedule outcomes. Some key drivers differed according to temporal phase. Research limitations/implications -Limitations of this study included its cross-sectional design, modest sample size and sampling frame, but the findings clearly demonstrate the value of further research into key team factors for project success. Practical implications -The results suggest that strategic management of project personnel can drive project speed. Phase-linked key team practices are identified for improving time performance in capital projects. Originality/value -This study breaks new ground by exploring whether key team practices are generic and phase-specific, and by identifying specific team drivers of speed for two capital project phases using objective outcome measures.

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Strategic business improvement approaches to capital expenditure processes in manufacturing

Cited by 2 publications

References 9 publications

Analysis of Articles of Fixed Assets Renewal of Russian Business Enterprises

Analysis of Articles of Fixed Assets Renewal of Russian Business Enterprises

Team management for fast projects: an empirical study of process industries

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