A recent Credit Suisse study of capital project operators revealed that:
- 65% of project failures are due to softer aspects including people, organisational issues and governance
- 21% of failures are caused by management processes, contracting and procurement strategies
- 14% are down to external factors such as government intervention or environmental problems
In our white paper, Capex project overruns: tackling the lasting negative effects of risk, we examine how owner operators and engineering, procurement and contracting companies (EPCs) can reduce project overruns, boost profits and enhance trust by using a robust contract risk management platform.
It can help to:
- build and maintain open lines of communication
- order and manage change requests in a manageable flow
- identify risks early and monitor risk – with the confidence that a clear, in-depth audit trail can provide essential defence against any litigation
