What are our clients challenges
- 1. PwC Capital Projects 1 What are our clients’ challenges in this space? Key internal challenges facing major capital projects typically arise in four areas of project development and execution. • Late or inadequate engagement of operational teams. • Unclear accountability transfer. • Inadequate knowledge management and data transfer. • Lack of basic project management integrity: − Poor project governance, controls and reporting; − Inadequate data management systems; − Inadequate change management & contract management. • Poor team skills & integration. • Unclear technical and commercial drivers. • Misalignment of risks and incentives in contracting. • Poor understanding of risks and their commercial implications. • Ineffective value improvement practices. • Poor project definition & unrealistic schedules. • Lack of understanding of capital markets and investor requirements. • Inability to bridge gap in perceived risk. • Poor CAPEX/OPEX estimates, leading to over investment in un-bankable outcomes.