WEBINAR | The State of Project Controls – Implications for Cost Professionals

Independent Project Analysis Inc. (IPA) guides capital intensive organisations to establish the right combination of people, work process, and governance to maximise cost, schedule, safety, and operability performance. We conduct independent empirical research, benchmarking and consulting globally using a dataset of nearly 21,000 capital projects (including 1,200 projects executed in Australia). IPA conducted a study in 2020 that explored the current state of project controls. IPA routinely interviews project teams, collects data and rates the level of preparedness for project controls for capital projects. We further studied organisational, contract and work process factors and identified the barriers to improving the control function from the project controller’s perspective. The study provides practical and implementable tips to effectively implement project control practices and improve capital project predictability.