Avoidance of Wrong Decisions
- AVOID Costs of damage control remediation, lawsuits, and reputational damage from accidents or incidents from inadequate management of complex sourcing decisions.
- AVOID Cost of switching suppliers after engineering, procurement, and/or construction work has begun
- AVOID Penalties for late or lost production due to project delays
- AVOID Lost profits due to project delays
- AVOID Risk of changes in input costs and output prices that change the profit profile of a project, as delays accrue