While cost overruns and delays have always been serious issues, companies and governments have grown increasingly concerned about them. Large-scale projects have the ability to transform people’s lives and can bring enormous benefits to organisations and society. But they are difficult to get right and they can cause lasting damage to the organisations and people involved, disrupting strategy and damaging reputations.
It doesn’t have to be this way. With the right insights and support, even the most challenging projects can be successful. Find out more about who we are, what we do and how we help transform the world’s toughest projects.
The early stages of a major project are critical to its likelihood of being delivered successfully. Organisations need to take control – a real challenge when embarking on a project for the first time, or taking on a project of unfamiliar complexity.
When visibility of capital programme performance is scarce, unreliable or conflicting, stakeholder confidence and trust can be quickly lost. Programmes can derail and organisations can start to feel like passengers.
When an urgent issue arises, organisations need to respond effectively and rapidly. People are pulled out of day-to-day roles and into project teams – sometimes with limited project leadership experience – which puts success under threat.
Major projects present significant risks and it is often difficult to understand if they are on track. An optimistic view is often reported, leading to poor decisions and missed opportunities to intervene. An independent perspective is essential.
When a major project is going wrong, every decision is critical. Establishing what is going on, what happened and what needs to be put right – quickly – is vital to getting a project back on track.
When contractual disagreements arise on major projects, decisions need to be driven objectively and by the facts to maximise the chances of success. More often impulse and emotion take over, compromising outcomes and risking reputational and financial damage.
Large contracts are part of the fabric of major projects, but they often fail to deliver on the promise of managing risk and can erode considerable value – threatening objectives, increasing cost and derailing strategy.
The emergence of digital technologies and the abundance of data in the project environment creates opportunities for project owners to unlock insights and reduce costs.
In this short animation, find out how PwC can help your capital project to happen successfully. Our team can help you to manage your project from strategy through to execution and avoid becoming one of the 75% of capital projects that run over budget.
In this short animation, find out how PwC can help your capital project to happen successfully. Our team can help you to manage your project from strategy through to execution and avoid becoming one of the 75% of capital projects that run over budget.