Take Our Assessment
Okay, let’s get started! First, please provide us with some basic information.
More projects, less budget is a common refrain in the CIP world and managing one $10 million project is vastly different from managing ten $1 million projects. This just opens the door to many issues ranging from people to the success of the program.
A new leader often assesses their new organization’s business model within the first 30 days of being on the job and might bring in new ideas and systems that have made them successful in the past. Change is constant.
According to a recent study conducted by Dodge Data & Analytics, a leading construction research firm, 85% of owners experienced capital projects that exceeded the original budgeted cost; 92% percent shared that their CIP had projects that exceeded planned schedule; and 63% percent of their projects suffered quality deficiencies. The reality is that most capital projects have significant risks and uncertainty associated with them and unless CIP teams do something differently, they can expect the same results.
Many times a poor audit is the result of inconsistency in how projects are managed and way too often, this is realized during an audit.