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Capital project success through execution excellence
Construction projects have become highly complex and involve several inherent risks and challenges. Managing these projects requires a wide range of skills and competencies for different functional areas including engineering, finance, planning, procurement, construction, contract administration, information technology (IT), quality, and environment, health and safety (EHS), in addition to sectoral knowledge. The challenge lies in making these multidisciplinary functional areas work together seamlessly for the efficient delivery of projects.
Our capital projects consulting team is equipped to deliver value to stakeholders across sectors in infrastructure and industrial projects ‒ government officials, developers and operators, contractors, fund managers, investors and corporate development executives. As one of the leading capital projects and infrastructure consulting companies in India, PwC can help your organisation confront the challenges and exploit the opportunities inherent in planning and executing capital projects and infrastructure. Our industry and sector experts and project professionals work collaboratively with you to address all phases of the infrastructure development life cycle, providing measurable value to the organisation and its shareholders.
The impact of the Covid-19 pandemic has been widespread in the engineering and construction industry given the interconnectedness and global nature of the construction industry’s supply chains and workforce. PwC’s team of infrastructure consultants in India has worked with multiple clients in realigning their project planning and resource mobilisation within the constraints for optimum project delivery. A ‘Capital Projects Recovery Strategy’ has been developed with solutions designed to jumpstart the key performance parameters.
Committed to India
3:09
Committed to India: Future forward manufacturing
Transcript
Client issues
- Evaluation of the feasibility and location for a Capex investment and translate the vision for expansion into action in line with the market scenario.
- Establishment of a robust planning, execution and controls framework to ensure seamless implementation and achieving business targets in time and cost.
- Improvement in the return on investment (ROI) across multiple projects through optimisation of resource deployment and planning from a portfolio of Capex investments.
- Ascertaining that the projects are on track for timely completion and overcome the issues of cost and schedule overruns to deliver the intended objectives.
- Risk to their sustainability in cases where they are financially stressed and are finding it difficult to successfully deliver projects and manage assets in hand
- Delays in procurement resulting in cascading effects on the overall project schedule and costs.
- Ineffective safeguards in contracts and a lack of documentation resulting in unnecessary claims and adversely impacting profitability.
- Unavailability of real time information and timely interventions due to inadequate digital processes and a technology platform.
- Delay in deployment, low plant and machinery productivity and idling.
- Project hit by disruptions (an unforeseeable or unexpected event negatively impacting the KPI and objective of a project during its lifecycle)
Our service offerings
Project Location Strategy & Feasibility
Location assessment and financial modelling for project investments
Springboard
Establishing a foundation for project success
Stage-gate Management
Assessing organisational readiness for project implementation
Independent Project Review (IPR)
Providing independent and objective insights on project status and health.
Stressed Assets Confidence
Evaluating assets and investments for protecting and enhancing value
Procurement and Contract Lifecycle Management
Managing procurement process and contracts with stakeholders
Digital Projects
Leveraging digital solutions and enhancing them for efficient execution of projects
Construction Equipment Management
Improving efficiency of plant and machinery (P&M) assets across projects
Project Delivery through Intelligent Controls: Building and sustaining an environment that puts client in control of their projects
Project Recovery Solution
Step by step recovery approach for devising and implantation of recovery plan
Dynamic Project Modelling Tool
Dynamic project model to “maintain” or “reduce negative variance” in project viability during the project lifecycle till the Project gets commissioned
How PwC can help
- Providing a holistic assessment of the value chain and related elements that affect the techno-economic viability of a project.
- Helping organisations ensure they get the most from their capital projects by establishing the capability frameworks and processes to provide the roadmap for achieving project outcomes.
- Developing and implementing a stage-gate strategy and review through incorporation of decision points and controlling the progress of projects/ investments.
- Providing an independent point of view on project statuses and identifying improvement opportunities with a recommendation on course correction, thereby enhancing the overall capital project performance.
- Providing insights into the correct value of the asset, identify drivers that can help protect and enhance asset value by providing insights on potential risks and help in developing a preservation/ enhancement plan.
- Assessing and improving procurement and contracts functions by streamlining processes, identifying savings opportunities and using digital tools.
- Providing a range of innovative solutions and customised technology interventions and digital platforms that are integrated and designed to address organisational challenges.
- Assisting in improving P&M productivity across construction sites by undertaking a rapid assessment to identify the root causes for low productivity of these assets.
- Improving the project delivery through intelligent controls aimed at enhancing project success parameters and provide handholding to drive the changes at project sites.
- Establishing a dynamic project model that maintains or reduces negative variance in project viability during the project lifecycle till the project gets commissioned.
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