Posts tagged value
Lean, Sustainability & Projects

Modern projects of all kinds face innumerable challenges due to increasing scale, complexity, and stakeholder numbers. Failure rates, particularly for industrial and construction projects, have been on the order of 50-70% due to missed milestones, cost overruns, poor quality and dissatisfied customers or high-influencing stakeholders.

If we are a little more proactive, with early engagement with stakeholders, application of Lean processes, and the integration of Sustainability aspects, we can avoid many of these issues.

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Regaining Lost Value

There are two things that could have major impacts on improving the viability of mining projects:

1. Planning, developing and operating projects with the end-use, full closure design in mind (building it to progressively enable closure shortly following the end of operations of a mine), and

2. Flipping evaluation of a potential development on its head - evaluate the worth of the entire property - with value placed on every component of the system - including the overburden and "waste" materials being excavated and moved in order to reach that desired, valued ore. This is monetizing the waste streams that every operation generates - at the front-end planning and assessment phase.

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