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Myopia in Capital Project Management

International Journal of Economics and Management Studies
© 2025 by SSRG - IJEMS Journal
Volume 12 Issue 1
Year of Publication : 2025
Authors : Abdullah Khalid Sufayyan, Fernando Salazar-Quinonez
10.14445/23939125/IJEMS-V12I1P101
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How to Cite?

Abdullah Khalid Sufayyan, Fernando Salazar-Quinonez, "Myopia in Capital Project Management," SSRG International Journal of Economics and Management Studies, vol. 12,  no. 1, pp. 1-7, 2025. Crossref, https://doi.org/10.14445/23939125/IJEMS-V12I1P101

Abstract:

Myopia in capital project management is the continuous focus on short-term project gains affecting long-term value and sustainability. Capital management projects often fall victim to myopic decision-making, mainly guided by the need for immediate cost benefits, leading to significant unnecessary challenges, project failures and more. [1] This article presents a review of strategic approaches to overcome myopia in capital management by balancing the current targets and long-run objectives based on risk assessment and stakeholders' involvement. Drawing insights from challenges presented on failed projects and lessons learnt from successful projects that implement sustainable frameworks, as well as models that embrace stakeholder collaboration, risk measures, and adaptability. This approach aims to foster long-term success and sustainability in capital projects.

Keywords:

Myopic decisions, Sustainability, Long term vision, Short term objectives, Tunnel vision.

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