Large infrastructure and real estate projects are highly complex and they often suffer from risks relating to timelines, budgets, quality and brand reputation across the project lifecycle (pre-construction, construction, closure/ handouts and facility operations).
Given the growing scale of projects and the cost of capital, managing risk from the start is crucial to the success of any capital project. There are a variety of factors which can cause a collapse in capital project: limited planning, inadequate stakeholder involvement, inefficient/ ineffective cost and schedule controls, inexperienced management and lack of skilled labour identified as the lack of standardization in project organisation and project management capabilities. This is exactly where Bright Citrine Global comes in with the required assistance.