Capital projects

By definition, capital projects stand apart from day-to-day operations — and require specialized support across many of the variables so critical to their success, such as financing, management, and governance. Why? The risks and resource requirements are different — as are the strategies required to address them. This is particularly true in today’s uncertain economic environment.

Economic cycles aside, however, many companies and organizations face enormous fiscal and logistic challenges as well as governance and accountability issues. Factors undermining the success of a project can include: 

• Inaccurate project financial records, reports and billings
• Excessive requirements, scope creep and project delays
• Vague or overly burdensome contract terms and provisions
• Property / casualty losses, claims and disputes
• Lack of alignment between project funding and project plans
• Government and/or bond compliance issues
• Insufficient project resources
• Ineffective or overly complex project management systems

How PwC can help

These challenges, among others, as well as the economic climate highlight the importance of appropriate and structured capital project planning, management and delivery. PwC's highly experienced specialists - including industry specialists, engineers, surveyors and project accountants - work closely with our clients' teams to review capital project practices throughout the project lifecycle, across critical areas such as financing, portfolio management, governance and assessment, project management, risk and quality management, procurement, supply chain management and management reporting.

For more information, contact Stephen Lechner or Daryl Walcroft.