Global Construction Survey 2015: Climbing the curve

Global Construction Survey 2015: Climbing the curve

As construction projects continue to evolve, grow larger and more complex, have organisations gained more confidence in their ability to hit schedule, budget and quality targets?

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Engineers working at the site

In the ninth edition of KPMG’s Global Construction Survey, we focus on the challenges facing project owners as they seek to climb the maturity curve and feature the views of over 100 senior executives from both private and public organisations whose annual capital expenditure ranges from a few million US dollars to well over five billion US dollars.
 
The survey reflects the excellent progress made by owners in planning, risk management and execution in recent years. It also highlights a few areas where owners are still striving to improve.

Australian & New Zealand perspective

14 percent of the survey respondents were from Australia and New Zealand. The results demonstrate that Australian and New Zealand projects compare favourably with the world’s best in terms of project delivery processes. This report highlights how Australian and New Zealand construction projects compare on a global scale, according to the survey results.

Key insights

  • Maturity in preparation: Setting yourself up for success – With owners’ construction levels at their highest in years, organisations need to manage their planning effectively to align with strategic goals.
  • Maturity in risk, controls and governance: Keeping projects on track – Over the past decade, owners have paid considerable attention to project risk and controls and it is starting to pay off.
  • Maturity in performance: Project success rates and contingencies – Planning is one of the most difficult and least understood aspects of a project but can help track progress and provide realistic expectations. 
  • Maturity in relationships: The new dynamics of collaboration – Successful relationships depend on strong teamwork and owners should constantly review the effectiveness of their relationships with contractors.
  • Five steps to greater maturity – As owners climb the project management maturity curve, both private and public organisations should consider five key issues.

Real Estate & Construction

Real Estate & Construction

As significant contributors to the Australian economy, the real estate and construction industries represent about 18 percent of GDP.

Property Services – KPMG SGA

Property Services – KPMG SGA

KPMG SGA provides property transaction, property management, corporate real estate and environmental consultancy services.

© 2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

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