Based on the many rail projects we’ve seen and managed, these are the five most important things in ensuring your project runs according to plan:
Understand and Communicate Your Requirements and Design Basis
It seems obvious and applies to any capital project, but we’ve noticed it’s especially true for rail. Perhaps it is due to the flexible nature of rail loading but a rail project can lend itself to misunderstandings between the original Business Development or Commercial Sponsor, the Projects team, and the Operations team. It is critical that time is spent on creating a clean Design Basis Memorandum (DBM) including high-level specifications and that it is properly communicated. Early involvement from the main stakeholders is key but also communicating the right things effectively. At critical milestones, such as the handoff from Business Development to Projects or the start of construction, it is worthwhile reviewing the DBM with any new team members.