Capital Project Delivery for new nuclear build
Do you understand the real risks to Capital Project Delivery?
All stakeholders involved in Nuclear New Build are trying to make the project successful.
Before things start to go wrong (and most new builds in the Western hemisphere have a track record of major issues) it is essential that each governance entity understands and manages their risk.
This is often not as transparent as it might seem. Governance structures are becoming more complex which leads to added scrutiny from investors. Legalised contracts often fail to transfer the risk as intended often resulting in all parties losing out when the delays and costs hit home.
Some key questions are:
- Has everyone identified the risk profile and their tolerance for risk?
- What risk is acceptable, what should be transferred and how successfully can it be transferred?
- Does your organisation have the proper tools, processes and procedures to manage and oversee the build programme?
How can PwC help:
We can help you to structure your Capital Project consortium and manage the costs and change control whilst delivering the contract.
We have built bespoke capital project systems to monitor risks, analyse, track and mitigate cost, schedule overruns and convert such data into real insight and value. We combine engineering and accounting skills to represent the interests of CFOs and shareholders.
