Project owners are continually striving for a balance between power, responsibility and control. Managing these dynamics requires maturity: in planning and financial forecasting; in hiring and developing the right talent; in ongoing risk and project management; in contingency management to cope with the inevitable setbacks that accompany major construction projects; and maturity to build positive and effective working relationships with contractors that bring out the best in all parties.
KPMG’s latest Global Construction Survey gauges the views of over 100 senior executives of leading private and public organisations from around the world, providing a picture of the state of the construction industry from an owner’s perspective.
Preparation: Setting yourself up for success
Risk, controls and governance: Keeping projects on track
Performance: Project success rates and contingencies
Relationships: The new dynamics of collaboration
Conclusion: Five steps to greater maturity