Repeated disappointments for shareholders in quarterly results are driving improvements in both bidding processes and project delivery, by necessity. However, absent a time-machine to go back and remove optimism bias in the pursuit stage, price in additional risks, and correct any estimate busts in their bid price, contractors need playbooks and strategies for turning around troubled projects so they can live to fight another day.Ĭost overruns on lump sum turnkey (LSTK) projects continue to challenge Engineering, Procurement, and Construction (EPC) contractors.
There are often several causes that contribute to project failures. There have been many studies, surveys and articles putting forth the large percentage of mega construction projects that “fail,” are late, over budget or behind schedule.
0 kommentar(er)
