{"id":3434,"date":"2019-10-22T17:26:22","date_gmt":"2019-10-22T17:26:22","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=3434"},"modified":"2020-09-14T17:38:27","modified_gmt":"2020-09-14T17:38:27","slug":"7-ways-to-minimize-risk-when-investing-capital-in-an-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.imegcorp.com\/insights\/blog\/7-ways-to-minimize-risk-when-investing-capital-in-an-industrial-facility\/","title":{"rendered":"7 ways to minimize risk when investing capital in an industrial facility"},"content":{"rendered":"

By Kelly Altes<\/span>\u00a0<\/span><\/p>\n

The industrial and manufacturing business environment is in a constant state of change. Business leaders must react to new technologies, buyer behavior, budget cuts, competitors, and countless other influencers. Capital investments in infrastructure take a long time to implement, so predictions become critical components to business success.\u00a0\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

Everyone wishes they had a crystal ball to see the future in order to best plan for facility growth and changes.\u00a0<\/span>Until such clairvoyance is available, there are several measures o<\/span>wner<\/span>s<\/span>\u00a0<\/span>can take to help\u00a0<\/span>minimize the business risks associated with large investments in facilities<\/span>. These include:<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

    \n
  1. Engag<\/span>ing<\/span>\u00a0strong technical competency in specialized industrial and manufacturing systems both in house and out of house<\/span>\u00a0<\/span><\/li>\n
  2. Generat<\/span>ing<\/span>\u00a0end<\/span>–<\/span>user buy<\/span>–<\/span>in to facility capital improvement projects\u00a0\u00a0<\/span>\u00a0<\/span><\/li>\n
  3. Evaluating different construction and design delivery methods for your specific project.\u00a0<\/span>\u00a0<\/span><\/li>\n
  4. Identify<\/span>ing<\/span>\u00a0leaders in your organization and your partner organizations\u00a0<\/span>who<\/span>\u00a0will seek proactive change management and conflict resolution<\/span>\u00a0<\/span><\/li>\n
  5. F<\/span>ocus<\/span>ing<\/span>\u00a0on employee safety\/corporate compliance<\/span>\u00a0and conveying t<\/span>h<\/span>ese<\/span>\u00a0priorit<\/span>ies<\/span>\u00a0to your service providers and suppliers\u00a0\u00a0<\/span>\u00a0<\/span><\/li>\n
  6. Seeking<\/span>\u00a0solutions\u00a0<\/span>that<\/span>\u00a0address energy efficiency and sustainable practice<\/span>\u00a0<\/span><\/li>\n
  7. D<\/span>eveloping<\/span>\u00a0<\/span>a<\/span>nd a<\/span>dhering to facility standards and long-term facility development\/master planning<\/span>\u00a0<\/span><\/li>\n<\/ol>\n

    Each of these measures will be addressed in more detail in a series of blogs to be written by the best and brightest\u00a0<\/span>at IMEG\u00a0<\/span>who focus on solutions for\u00a0<\/span>our<\/span>\u00a0industrial market clients. Each blog will provide educational content based on our experience, expertise, and case studies.\u00a0<\/span>\u00a0<\/span><\/p>\n

    In the meantime, keep the above seven measures top of mind should you be facing a capital investment in your industrial or manufacturing facility. Implementing these actions will be much more effective than any crystal ball.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    The industrial and manufacturing business environment is in a constant state of change. Business leaders must react to new technologies, buyer behavior, budget cuts, competitors, and countless other influencers.<\/p>\n","protected":false},"author":5,"featured_media":3435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,60,155],"tags":[],"acf":[],"yoast_head":"\n7 ways to minimize risk when investing capital in an industrial facility - IMEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imegcorp.com\/insights\/blog\/7-ways-to-minimize-risk-when-investing-capital-in-an-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 ways to minimize risk when investing capital in an industrial facility - IMEG\" \/>\n<meta property=\"og:description\" content=\"The industrial and manufacturing business environment is in a constant state of change. 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