If your business has assets that are significant and critical to how you deliver your products and services, there will be substantial cost reductions that can be made, usually in a short period of time. These are usually sustainable year on year, so addressing the underlying issues sooner rather than later will see the benefits compound.

If your business is asset-intensive, a significant cost sink hole is likely to be opening up, is far wider than it should be and it’s growing year on year. If you want to make rapid and significant improvements to your bottom line, then you need to look here.

As restrictions ease and businesses start to consider their budgeting and business planning cycles for FY22, again, how will 2020 change thinking about our corporate strategies and approaches?

The roadmap defines what must be changed, why it must be changed, and in what sequence the change should be carried out.

Core to any asset-intensive business though is operational efficiency because of the scale of the dollars consumed through the operation and maintenance of those assets and dealing with the challenges above. Even seemingly small % efficiency gains in service delivery processes can amount to large sustainable financial improvements.

Realising true benefits in any program delivery is about striking the balance between cost, risk and performance and acknowledging that real, sustainable change or savings will rarely come in isolation and need to be understood and implemented in the context of the operating business and its environment.