What can organisations like yours do to effectively manage costs throughout the project life cycle?
Poor cost management continues to be one of the leading causes of project failure. Research from the Project Management Institute shows that organisations waste an average of $122 million for every $1 billion spent on projects due to poor project performance. In addition, McKinsey found that two-thirds of large-scale projects experience cost overruns — with average overruns of 40%. Whilst there are a number of factors that lead to cost management challenges, chief among them are supply chain issues and the rising cost of supplies. It’s also difficult to accurately predict and manage costs because of changes in scope, schedule and other requirements.
Join our panel discussion as industry experts examine the cost management challenges facing organisations today and what tools they can use to drive more value and deliver projects on time and on budget.
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Event takeaways
- Examine how technology can help accurately forecast costs during the planning phase
- Discover how to stay up to date with the latest trends in cost control and cost management
- Acquire methods to effectively communicate cost control and cost management strategies to stakeholders
Who is this event for?
- C-suite (CIO,CTO,CHRO,COO)
- Experienced project professionals
- Project managers
- Program managers
- Portfolio managers
- PMO staff
Price
- Members: Free (including GST)
- Non-members: $30 (including GST)
Promotional codes are to be entered during the 'Shopping Cart' page.
Speakers
Matthew Macaras
Solutions Director
InEight
Matthew Macaras joined InEight in 2019, and currently serves as the Solutions Director for the Asia Pacific and Japan region. Bringing with him over 10 years of capital project experience, Matthew has worked to provide contractor and asset owner solutions to achieve project certainty while also maximizing efficiency, productivity and cost savings.
Prior to joining InEight, Matthew worked in estimating, procurement, field execution and project management for various capital projects. In these roles, he gained extensive knowledge in business processes, contract management and project controls across multiple industries. Matthew holds a BS in mechanical engineering from Washington State University.
Evan Hughes
Lead Specialist Project Controls
KBR
Evan Hughes is a project controls professional with a career spanning over two decades. During this time, he has worked on various projects in different countries, including the UK, USA, Canada, and Australia. He has experience in planning, cost control and risk management and has a particular focus on developing project controls tools in VBA and the Microsoft Dynamics 365 environment. Evan is the Melbourne project controls lead for KBR.
Oliver Greenwood
Partner
SysTech
Oliver has spent the last 5 years of his career in Australia with Systech prior to which he worked in the UK for an international tier 1 contractor. He is a UK trained and chartered Quantity Surveyor, with an LLM/MSc in Construction Law and Arbitration. During his time to date in Australia, he has supported both main contractors and client organisations implementing effective approaches to Commercial Management including Cost Control/Cost Planning/Cost Engineering.
For the past 3 years he has led the Systech Cost Engineering Services engagement on the North East Link Project, where he currently leads a team of cost engineering and cost estimating professionals across the program of works. At the core of this offering has been the development of the Cost Engineering framework; a bespoke framework combining people/process and technology to achieve the client’s requirements and furthermore to exceed previous expectations, to maximise best for project outcomes.
Facilitator
Fiona MacTavish
AIPM NSW Chapter President
CPPP
Fiona MacTavish is an accomplished executive manager and leader, specialising in operational project management, using her strengths in problem solving and strategic thinking to drive exceptional project outcomes.She has over 15 years’ experience in senior management roles, in challenging and complex environments such as medical education, digital health and information technology.
Fiona has qualifications in biomedical science, business and cybersecurity. She is also the NSW President of the Australian Institute of Project Management, Australia’s leading membership association for project professionals. .
Sponsor