What can organisations like yours do to effectively manage costs throughout the project life cycle?
Poor cost management continues to be one of the leading causes of project failure. Research from the Project Management Institute shows that organisations waste an average of $122 million for every $1 billion spent on projects due to poor project performance. In addition, McKinsey found that two-thirds of large-scale projects experience cost overruns — with average overruns of 40%. Whilst there are a number of factors that lead to cost management challenges, chief among them are supply chain issues and the rising cost of supplies. It’s also difficult to accurately predict and manage costs because of changes in scope, schedule and other requirements.
Join our panel discussion as industry experts, featuring our co-located partners at InEight, examine the cost management challenges facing organisations today and what tools they can use to drive more value and deliver projects on time and on budget.
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