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  Event #164 Controlling Costs of Major Projects  
   
     
 
Date: 2017-01-12
Time: 6.00 pm for 6.30 pm
Speaker: Mr Steve Root
   

Description:

This presentation will be given by Mr Steve Root of The Contracts Group Ltd.
Given the ongoing workload of major projects in Hong Kong for the next decade, this presentation will look at the current project controls situation, in light of the recent history of some of Hong Kong’s highest profile projects overrunning on time and budget.
In the UK over the last 10 years, there have been some innovative Public and Private sector developments that have attempted to improve the overall capability of both Government and industry to achieve more success in delivering major projects. Steve will describe some of the UK Government's and industry's initiatives and structures that have been set up during this period and the ongoing improvement measures that have resulted from recent experience with projects such as the Olympics 2012 and Crossrail.
The setup this year of the Development Bureau's new Project Cost Management Office is a laudable attempt to bring a similar, focussed approach to the improvement of Hong Kong project delivery and address some of the structural shortcomings that have recently manifested.
As well as examining issues that the broader industry and Government can address, Steve will also describe some more detailed techniques that clients and contractors can utilise to help ensure costs and programmes remain under control.
   
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