Investment certainty is significantly affected by the project’s ecosystem.
The ecosystem is the space within which an asset is financed, constructed, and operated. The space is multidimensional and encompasses the physical and operational sphere, the geography, the territory, the political and regulatory landscape, the domestic supply chains and human capital, and the economic circumstances surrounding them all. The limits of the ecosystem impose the constraints upon the realization of the asset; while its limitations and shortcomings drive up the risks of inefficient capital deployment. From an investment perspective, the ecosystem is a potential giant reservoir of uncertainties underlying every facet of the project. These uncertainties add up to a single question: can this asset be built efficiently and operated profitably?
NAIAD’s advisory consulting is designed specifically to address these issues. We work with government officials, public institutions, and local chambers of commerce to discover the capabilities and limitations existing where the work is to take place. Together with these officials, NAIAD seeks to quantify the strengths, weaknesses, opportunities and threats (SWOT) of the ecosystem; characterize the capabilities and shortcomings that are bound to affect either the project’s delivery or the profitable operation of the asset; assess what can and cannot be done by the domestic supply chains; appraise the inertia of the existing regulatory framework; gauge the integrity of the governance and procurement processes; and qualify the environmental obstacles that may derail a perfectly rational project. The outcome of the third stage is a wide-ranging outline of the scope of capability of the ecosystem. This scope in turn leads to the identification of the areas that require improvements or changes or even creation which are necessary to ensure that project owners, investors, and regulators achieve their respective objectives: a profitably performing asset for the owners, returns on investment for investors, and societal benefits.
HUMAN CAPITAL DEVELOPMENT
Mission: Get the nation hired. Investors require confidence in the efficient deployment of their risk capital. From their perspective, the project’s environment is a giant reservoir of risks that add up to one question: can this asset be built profitably? On the flip side, the project’s host views it as an engine of socio-economic development. NAIAD plays a key role in bridging these two solitudes. NAIAD woks with the host to develop a comprehensive plan to build up the host’s aggregate capacities and capabilities, from regulatory frameworks and program management practices to skills acquisition and knowledge transfer, to world-class vendor qualifications and integration in to a project’s overall execution strategy.
Mission: Empower the institutions. Many emerging economies and small-market nations suffer from the implementation gap. This gap manifests itself by lack of experience or resources to move from concept to profitably-performing assets. This gap also affects a nation’s ability to engage international financing institutions (IFI) effectively. NAIAD’s role is to get them over their implementation gap and marshal, on their behalf. IFI liaison, regulatory oversight, corporate governance, project control, engineering & design, supply chain management, fabrication and modular construction, digitalization, entrepreneurship, innovation, and leadership & management are among the domains of expertise available to build a stronger tomorrow.