Distressed Project Turnarounds
We help clients get projects that are running over time or budget back on track.
More than 90 percent of today’s major projects face schedule delays or cost overruns.
Our distressed project turnaround approach is designed to integrate with a project owner’s team when a project is at risk or is already facing challenges.
We have a global and globally mobile pool of project directors who bring more than 20 years of senior project-management experience to major projects around the world.
For distressed projects, these experts form the core of our deployed project teams who can support clients in an advisory capacity, and also embed into your teams in interim, short term project management roles.
When we are working on project turnarounds, we involve all stakeholders and address all aspects that can negatively impact project delivery. This includes resolving often-deteriorated relationships between owners and contractors. Our teams provide best-in-class and unbiased project solutions, levering several tools, including:
Diagnostic tools and approach are critical. Assesses the project baseline based on strong analytics to predict the most likely cost and schedule outcomes and viable solutions. Lean diagnostic. Through the use of qualitative and quantitative tools—data analyses and benchmarks, management interviews, field observations, and expert assessments—we pinpoint the project status and reveal project gaps and improvement opportunities.
Risk Mitigation Strategies. A digital project-management tool that provides project-management teams access to real-time information on design and construction activities.
Project Health index. A proprietary diagnostic that assesses the health of the project organization. Assess the capabilities of individual project team members to identify areas for targeted skills training and capability building to support the turnaround effort.
Examples of our impact
Deployed a “recovery” team to help a client transform a distressed technology projects that was more than $50 million over budget and one year behind schedule. Our team assumed the role of a project director to rapidly institute new governance that increased transparency of the project’s status and changed mindsets and behaviours of the project team.
We identified approximately $30 million of savings and also identified schedule alternatives that reduced the delay. Helped our client achieve 20 to 50 percent in productivity improvements on activities of a major M&A project.
On time, to budget, over and over again