Half of construction project owners experienced underperforming projects last year: KPMG

Written By Unknown on Rabu, 15 April 2015 | 22.23

MUMBAI: Over half of construction project owners experienced one or more underperforming projects last year, despite confidence in project planning and controls, said KPMG International's 2015 Global Construction Project Owner's Survey: Climbing the Curve, released on Wednesday. Project owners said only 31% of their projects came within 10% of budget, and just 25% within 10% of original deadlines, in the past three years.

"As engineering and construction projects get bigger, the complexity grows exponentially," says Geno Armstrong, Global Chair, Engineering & Construction and a principal with KPMG in the US. "The improvements by owners in planning and risk management have been significant, yet there is further work to be done to reduce the number of project failures, and bring more projects in on-time and on-budget."

KPMG's survey shows that owners of major capital projects are implementing more mature planning and approval processes, with 84% reporting that their company screens projects using both financial and risk analysis, and 74% of firms requiring formal project delivery and contract strategy analysis, prior to authorization.

About 44% acknowledged a struggle to attract qualified craft labour and 45% percent cited a lack of planners and project managers. Consequently, the majority - 69% - say their firms hire external resources equivalent to more than 5% of their total project workforce.

http://timesofindia.indiatimes.com/followceleb.cms?alias=KPMG,construction project

Stay updated on the go with Times of India News App. Click here to download it for your device.


Anda sedang membaca artikel tentang

Half of construction project owners experienced underperforming projects last year: KPMG

Dengan url

https://cegahkeropostulang.blogspot.com/2015/04/half-of-construction-project-owners.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Half of construction project owners experienced underperforming projects last year: KPMG

namun jangan lupa untuk meletakkan link

Half of construction project owners experienced underperforming projects last year: KPMG

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger