Accountability and Visibility : Challenges in Reporting Project Costs and Risks to Owner Stakeholders

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This 1-hour webinar was presented by industry expert Alexia Nalewaik, Senior Project Manager with Moss Adams LLP, and Jonathan Antevy, e-Builder co-founder and CEO.

Facility owner/operators rely on project reports in order to make decisions during capital project planning, design, and delivery. However, reporting is often inadequate. There may be too much or too little information, which confuses the Board or executives. Data may be misrepresented, incomplete, unreconciled, not validated, or simply inaccurate. The resulting decisions often end up generating risks that can become CLMs (career limiting moves) and perhaps more importantly, spell disaster for the owner's capital plan.

Key takeaways include:

1. Understanding the differences between accounting software and project management software reporting, and associated pitfalls with reporting challenges
2. Understanding audit processes and how reporting can help mitigate risk and ensure compliance
3. Forecasting project costs - proactive vs. reactive approaches and the pitfalls with the latter
4. Meeting new requirements set forth by American Recovery and Reinvestment Act