Ms Kitchen presented at the Perth Chamber of Minerals and Energy's Food for Thought seminar, along with Jack Rowley from Calibre Projects and KPMG's Risk and Advisory Services Director, Travis McAuliffe.
"With companies in Western Australia spending more than $3.2 billion on resource projects last year, the heightened focus on corporate governance and Board and executive responsibilities means large capital projects are under greater scrutiny," says Ms Kitchen.
Speaking about the challenges of successful project outcomes in the Energy and Natural Resource sector, Mr McAuliffe says key factors to consider include sourcing the right talent, having appropriate risk management and due diligence strategies, developing a shared understanding of the project strategy between all people involved in the project, implementing systematic tracking and understanding what 'success' means.
"Owners of large mining and resource projects are currently operating in an environment that faces some critical business challenges," said Mr McAuliffe. "Owners that get independent, real-time feedback on the health of their project are strongly placed to avoid the trap of cost blowouts and last minute surprises."
