Engineering and Construction
With high levels of construction activity in the global market, stakeholders of capital projects rely on expert opinion, testimony, and practical advice to help assess and mitigate risks. As construction projects become increasingly sophisticated in terms of scheduling, technology, and the global supply chain, disputes remain a common feature:
- Construction itself is more complex than ever, driven by new technologies and contracting methods.
- Cost overruns, project delays, concerns about quality, and changes in project scope create significant delivery risks.
- Participants in major capital projects increasingly encompass diverse owners, sources of capital, and contractors with competing priorities.
Understanding the origins, scale, and potential impacts of inherent risks in execution is vital for effective project management throughout the entire lifecycle.
