SYNOPSIS
The ultimate objective of any profit and loss oriented firm is to make profit to ensure its continued existence and to promote growth. Hence, in making business decisions on large long-term investments, firms face many challenges in ensuring the best decision is made. To help firms make these decisions they employ a typical decision making process from inception to the commencement of physical execution where large commitments are about to be made. The decision making process consists of gates which vary in number in different firms. The factors to be considered in each gate also vary in different a firm which depends on the firms’ appetite for returns, adversity towards risks, availability of resources and strategic outlook. However, these factors are also very closely related to the aspects of project management such as schedule, cost estimation and project organization.

The objective of this talk is to provide a brief insight on some of the factors considered and how they affect the decision.

BIODATA OF SPEKER
Ir. Faizal Abdullah Sanusi is currently the Chairman of the Project Management Technical Division in IEM after serving this committee for the past 7 years.
His engineering and project management experience spans across the oil & gas and building industry since he began his career 24 years ago. Some of his notable career highlights as follows:
- Senior Project Engineer for Gas Processing Plant Projects, Compressor Stations, industrial buildings & office complexes
- Project Manager for the Malaysian Securities Commission 4 star intelligent building project
- Director of a local Facilities Management company overseeing oil & gas O&M projects
- Project Services Manager of Murphy Oil Corp., a multi national company performing exploration and development of oil & gas resources; providing schedule & cost control to shallow water activities
- Department Head, Project Support Services of TL Offshore Sdn. Bhd., an offshore installations company serving the upstream oil & gas industry
- Lead Project Interface for Hess Oil & Gas Sdn. Bhd.
In his career, Ir. Faizal has provided training to PETRONAS Management Training Institute (PERMATA); I&P, Gamuda and ENCORP – property developers and, for the Royal Malaysian Navy.