Project Controls
According to a study by McKinkey & Company in 2015, 98% of megaprojects suffer from cost overruns of more than 30% and the average cost increase is 80% of the contract value; 77% of megaprojects are at least 40% late and the average slippage is 20 months behind the original schedule. Factors contributing to poor performance include poor organisation, inadequate communication, flawed performance management, missed connections and insufficient management.
Good project management can help both project owners and contractors reduce the risks of time and cost overruns, and at the heart of successful project management is project controls. Project controls is defined as "... the data gathering, data management and analytical processes used to predict, understand and constructively influence the time and cost outcomes of a project or programme; through the communication of information in formats that assist effective management and decision making." |
Project controls assists the project team in the planning and managing of projects, from inception to closure, and enables them to monitor project performance, identify risks and make informed and accountable decisions based on robust data. Project Controls professionals generate and maintain the information that brings awareness to the project team so that control can be exercised.
PPM has a team of over 10 project controls specialists who are experienced in using Primavera P6 programme and other programmes. They can either work alongside PPM's project management teams or offer specialist services to our clients to help them fill the technical gap within their organisations.
PPM has a team of over 10 project controls specialists who are experienced in using Primavera P6 programme and other programmes. They can either work alongside PPM's project management teams or offer specialist services to our clients to help them fill the technical gap within their organisations.