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(OWN-1846) Owners Do Not Need Project Controls! – Jeopardizing Project Outcomes

Primary Author: Mr Stephen L Cabano
Co-Author(s): Mr Paul G Williams

Audience Focus: Basic
Application Type: Application
Venue: 2015 AACE International Annual Meeting, Las Vegas, NV, USA

Abstract: In today’s fast-paced project environment, many Owners are challenging the value of Cost Engineering/Project Control. Quotes such as, “I do not have the resources to apply a robust Project Control philosophy,” or “I do not need Project Control, my contractor provides that service.” resonate throughout the industry. These tend to be more of a reaction to the resource-constrained environment the process industry is experiencing today, rather than a true feeling of Project Control not being value added. This paper will address the evaluation and selection of tools and systems applicable for different levels of project complexity. A Project Control assessment criteria (which lends itself to a fit-for-purpose, decision-making tool) will be defined to assist project Owners in choosing the specific Project Control Best Practices that should be applied to various types of project complexity. This paper will also provide examples of the impact of excessive cost engineering across the project team, as well as examples of insufficient cost engineering and how the project team jeopardizes their project.