Major project capability Murray & Roberts has a long and proud record of major project delivery. Our Group has been responsible for constructing much of the built environment in Southern Africa and we have been involved in some of the world’s great engineering challenges. Projects such as the Mozal aluminium smelter in Mozambique, where we have established a global benchmark for sophisticated industrial facilities, and the Burj al Arab in Dubai, bear testimony to our ability to deliver the most complex and unique of world class projects. We have learned from the historic challenges posed by projects such as the Carlton Hotel in the 1970s and DORTS in the 1990s that the opportunity of major projects can bring significant risk. In recent years we have developed the capacity to better assess and manage a new era of major projects. Our bespoke opportunity management system controls the project approval process such that all opportunities entered into the tender process are evaluated against a selection of pre-determined criteria which flag them as red, green or amber. A scorecard approach allows management to determine the potential risk profile in a project, which projects can proceed normally, which must be declined and which can proceed only under more rigorous conditions. In this latter circumstance, a steering committee monitors each project through to final account. In June last year, we appointed a group international projects director based in Dubai to bring world class experience to the risk management of major projects. A fundamental principle of Rebuilding Murray & Roberts is the concept of a unitary organisation enabling us to exploit the Gautrain, PBMR, VRESAP, the CoalLink locomotives and Eskom’s expansion programme are major projects in which Murray & Roberts is contracted to play a key role. These projects alone represent R100 billion of gross fixed capital formation in the years ahead. Project pipeline status by number of projects 100 90 80 70 60 50 40 30 20 10 0 All filters approved One or more filters constrained One or more filters not approved