Large infrastructure and real estate projects are highly complex and they often suffer from risks relating to timelines, budgets, quality and brand reputation across the project lifecycle (pre-construction, construction, closure/ handouts and facility operations).
Given the growing scale of projects and the cost of capital, managing risk from the start is crucial to the success of any capital project. There are a variety of factors which can cause a collapse in capital project: limited planning, inadequate stakeholder involvement, inefficient/ ineffective cost and schedule controls, inexperienced management and lack of skilled labour identified as the lack of standardisation in project organisation and project management capabilities.
Below is a brief introduction to our Project Management/ Review services that PwC can offer to support your organisation –
- Continuous monitoring (Project Management Office)
- One-time project review
- Pre-defined periodic project reviews (monthly/ quarterly)
How PwC can help you
Pre-Construction Advisory
We believe that risk management begins at the strategy phase. We offer the following services to ensure adequate project planning and cost estimation:
- Technical due-diligence
- Project budget/ cost estimate review
Project Execution Advisory (construction, closure and handout)
Risk management is also about planning for the unexpected and being risk resilient throughout the project phase. We provide the following services:
- Review of compliance to statutory approvals/ norms
- Project risk management (Identification, assessment, mitigation actions, corrective actions)
- Project governance (roles and responsibilities, process standardisation, etc.)
- Project controls (schedule, cost, quality, safety, MIS reporting, etc.)
- Vendor management
- Contract Management and Administration
- Operation Readiness planning and review
Facility Operations Review
Potential setbacks to safety, customer experience & profitability due to lost/ delayed value realisation are some of the key challenges your company can face in its post construction phase. We offer the following services to mitigate these risks:
- Audit of the operational parameters
- Fire and Safety Audits
- Review operating procedures and assigned service level agreements
- Cost and asset optimisation assessment
- Review of continuous and sustained improvements
- Review of key performance indicators, effective reporting and dashboards
