A Project Excellence framework to ensure successful project delivery
Capital projects and mega projects are inherently complex - and prone to failure. While technology may be radically changing some aspects of the capital project and infrastructure industry, old problems still remain.
In our experience, most projects run into delivery problems for reasons that are remarkably consistent and predictable: poor cost estimating and cost forecasting, a lack of clear scope definition, inexperience in managing large construction projects, unclear contract terms, and a failure to implement appropriate integrated governance.
Fortunately, the factors that help ensure project success are also well-established by now. At PwC, we call it the Process Excellence Framework - a set of six capabilities that work together in a holistic way and coordinated way to deliver project success.