Infrastructure projects can lead not just a company’s economic success but to a whole country’s economic success. These projects provide the opportunity to grow and become more competitive in attracting inward investment and job creation. Infrastructure projects such as airports, railways, roads, highways, power plants, bridges, and buildings should also improve the quality of life for people.
However, many infrastructure projects will struggle to meet aggressive delivery dates and can also incur significant cost over-runs. With punitive performance clauses and increased competition, the reality is that margins are shrinking so room for error is tight, very tight.
At RaptorPM, our own research points to the inability to deal with unforeseen changes as one of the biggest threats to the on time and within budget completion of infrastructure projects. This can happen when project management teams cannot see the problems in advance. These problems can be planned for using risk assessment and development scenarios on our software platform.
Project information and how a project manager uses it is critical. Visibility is all empowering to any project team. Combine the two put and a company has a winning formula for successful infrastructure project management. Visibility is also simplicity, to understand, to communicate, to collaborate across the many project strands. This leads to outcomes which takes a complex body of work so it becomes clear, transparent, logical and far more easily controlled. Project stages get completed when they are planned and scheduled, monitored and reported.