Solving problems with capital programmes
What to do when your project derails
Despite best intentions at the start, experience tells us that projects can and do go wrong. So what do you do when your programme threatens to derail?
Capital programmes are complex by nature. Constructing an asset is usually fundamental to the programme and with that comes the risk of delays, cost overruns and the management of multiple contractors. If you suspect your project may go wrong, what you must do is act quickly.
A lot of problems can be sorted out without having to go to formal dispute resolution procedures. But it often needs someone who is external to the project and the parties involved to take a fresh and independent look.
As an independent adviser, PwC can look at the causes and likely costs of fixing the problem, and suggest a solution that gets the project back on track.
We‘ve worked with a wide range of clients on projects that had run into difficulties. Some of the services we’ve used to help them include:
- Analysis of the problem - we’ve carried out detailed project reviews to work out why a problem has arisen and which party’s fault it is. We can then give our independent view on how much money and time it will take it put it right.
- Negotiation support - we’re experienced in presenting to a mediator, with a track record of successful negotiations.
- Independent advice - we can examine your project and advise you of likely cost and time consequences of different scenarios.
- Expert witness - we can give independent evidence on causes of delay and additional costs/losses to tribunals.
