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What's wrong with Project Governance?
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June 2009
In the current tight credit environment, cash hungry complex capital projects are likely to come under even greater scrutiny and demands for transparency will escalate. Project owners need to know that their projects will deliver.
Poorly run projects can be hidden behind soft budgets and schedules. Conflicts between functions can drive self-serving decisions to meet budget or schedule at the expense of the long term viability of the assets being built. And well run projects may be unfairly criticised for spending early or over-running when such actions may actually secure long term value.
So what really happens on projects? And how can governance be improved?
The purpose of this document is to initiate debate - it is intentionally provocative and we hope it will lead to fruitful exchanges that will secure more consistent success in our clients’ projects.
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