KPMG’s Global Construction Survey 2015 | KPMG | BG

KPMG’s Global Construction Survey 2015

KPMG’s Global Construction Survey 2015

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.

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KPMG’s Global Construction Survey 2015

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.

Survey highlights

Preparation: Setting yourself up for success

  • Planning and prioritising appear to be rigorous 
  • Talent shortages remain a challenge

Risk, controls and governance: Keeping projects on track

  • Owners express confidence in their project controls
  • Project management information systems are not yet ubiquitous

Performance: Project success rates and contingencies

  • Owners continue to experience project failures
  • There is a mixed approach to contingency planning

Relationships: The new dynamics of collaboration

  • The push towards contractor collaboration may need more impetus 
  • Contracts continue to emphasise the divide between contractors and owners

Conclusion: Five steps to greater maturity

  • A fresh approach to talent management 
  • Integrated project management information systems (PMIS) 
  • Realism eats optimism for breakfast 
  • Sophistication in contingency 
  • Building an extended team

© 2017 KPMG Bulgaria OOD, a Bulgarian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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