Managing capital project portfolios

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A leading utility company with a multi-billion dollar annual capital projects budget institutes new practices to promote project success.

Client’s challenge

To create a capital project management system that will rein in the systemic problems troubling a utility.

  • Project budget and schedule overruns
  • Lack of capital projects oversight
  • Reshape poor organizational culture around project development 

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PwC’s solution

Create a new project management system that vets and monitors capital projects.

  • Hold vision workshops with key stakeholders to craft vision of the future
  • Develop capital project standards, guidelines, management team, and oversight processes
  • Create centralized PMO to execute and oversee the large projects 

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Impact on client's business

  • Increased accuracy in budgeting and scheduling from +/- 150% to +/- 20%
  • Improved risk management and mitigation throughout project lifespan and visibility into likely time and cost outcome
  • Established formal governance and oversight roles and created a culture of accountability

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"With a new project management system in place, the client is now in the business of building the utility of the future."

 

Related business issues

Transform human capital
 

Contact us

Carrie  Duarte

Carrie Duarte

Workforce of the Future, Deals Leader, PwC US