Why do I need to select a Scenario before doing a Study?KARBINE SERVICES

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Studies are the mechanismby which we makeinvestment decisions on Projects to try and achievean ROI.

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Studies are the mechanismby which we should makeinvestment decisions onProjects to try and achievean ROI.

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Studies give us vital information on:CostTimeRisk

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Studies are scenario based exercises that act as precursors to the capital spend phases of asset development.

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The selection of the Scenariois vital and often the mostoverlooked and undervaluedaspect of Studies.

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If you are trying to make an Investment Decision, then youare the one that needs to fullyunderstand and controlthe Scenario.

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Engaging contractors to doa Study, before selecting a Scenario, is dangerous.

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Engaging contractors to doa Project, before selecting a Scenario, is deadly.

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Cost

Time

Risk

These are all relativeto the Scenario that you have chosen.

They are not absolutes!Karbine

Changing your Scenario willchange your Study, which will change your Project, which will change your Cost, Time & Risk, which will change your ROI.

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Different industries in different countries perform Studies in different ways. Many of the differences and Risks are implicit to the Study Contractor but areNOT explicit to the investor. Misalignmentis endemic in cross cultural collaboration.

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If you are embarking on the journey of asset creation, get some professionalhelp.

Cost, Time and Risk “blowouts” are nowvery common.

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You may be the worlds greatest asset manager but the process of creatingassets and getting the best bang for your yuan is very dependent on assetlocation.

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Above all else, own your Scenario.

Ensure everyone understands whatScenario they are working towards andwhy. When the Scenario changes (and it always does) make sure you explicitlymanage the change.

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Studies are the mechanism by which we should make investment decisions onProjects to try and achieve our ROI.

Scenarios are the mechanism by which weensure that our Studies are aligned with ourcorporate goals.

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KARBINE SERVICESWWW.KARBINESERVICES.COM contact@karbine.com.au