In the current climate of major growth in the industry and the acceleration of project evaluation there is an increased need to ensure that the very process of those evaluations are sound and the standards applied ensure their success. Accurate project evaluation is fundamental to corporate success and there is risk and uncertainty of getting capital requirements, operating costs, ramp up period, and product price right. Never before has there been such a need for the industry to ensure that the process and standards applied in project evaluation are sound and to a known quality. Only then will the investor be sure of the most effective capital investment which results in the planned asset deliverables.
The inaugural conference on Project Evaluation brought together those key personnel responsible for undertaking such evaluations and those who rely on them for financial decision-making as investors or as developers. We compliment those companies that were prepared to share review processes that, in part, guard against future mistakes.