An EY survey revealed that 63% of capital projects face cost overruns; 73% are behind schedule.
With a wealth of planning tools, processes and platforms available, these statistics might seem surprising. But the responses revealed that delays were most often caused by poor implementation of systems and people inefficiencies. The project contract was a key sticking point, owing to the number of diverse actors involved, the different tools and platforms each one was operating, and the need for a strong network of relationships to achieve agreement.
To drill down into this data, we surveyed around 200 members of the International Association for Contract & Commercial Management (IACCM). We have summarised our findings into a complementary infographic, which looks at:
- the challenges projects contracts face
- the hallmarks of excellent project execution
- five key traps to avoid in your project management.
Infografía completa: https://cdn2.hubspot.net/hubfs/1771811/ProCon-Beyond%20Engineering%20Excellence-2017-GlobalCampaign/EMEA/Assets/AVEVA%20Beyond%20Engineering%20Excellence%20-%20Infographic%20(v2).pdf?t=1520965198135