In today’s volatile environment, all those involved in infrastructure and capital projects need to keep a wary eye out for tomorrow’s threats. Effective risk management must also be informed by yesterday’s lessons too. Especially when objective evidence of recurrent lapses in project planning and execution, and their impact, is laid bare.
Like major infrastructure and capital projects themselves, the web of causes entangling budget and schedule overruns is complex. Our Sixth Annual CRUX Insight Report sheds further light on that complexity.
The heart of CRUX is our analysis of the underlying causes of claims and disputes. We have distilled the findings of HKA consultants’ investigations on major projects worldwide. This dataset now covers 1,801 projects in 106 countries with a cumulative capital expenditure (CAPEX) value of $2.247 trillion.
On 28 November, 2023, an experienced industry panel reviewed the findings of our Sixth CRUX Insight Report on the challenges facing the construction and infrastructure sectors, and raised the question, how can we change behaviours and better equip ourselves by using what we have learned, rather than repeating the same mistakes?
The panel was moderated by Michael Mcilwrath, Founder & CEO, MDisputes; Chair, ICC Governing Body for Dispute Resolution Services, Michelle Metz, Partner, HKA, Dafydd Wynn Owen, Partner, HKA, John Nitties, Commercial, Planning & Project Controls Specialist, and Caroline Pope, Partner, Addleshaw Goddard
