Business case
Our client, a large group active in the civil and military aerospace and defence fields, contacted us to conduct an independent review of the estimate at completion (EAC) for a specific programme. The EAC represents the forecast total cost of a project when it completes. The engagement included an analysis of the financial performance together with an evaluation of key risks and assumptions affecting the total contract value.
Our work served to boost confidence in the cost estimates, equipping decision-makers with a clearer basis for action. We also validated the underlying assumptions, analysed the principal risks and rigorously challenged embedded contingencies to ensure the financial plan was both credible and resilient. Finally, by benchmarking core practices, we identified targeted improvements that enhanced operational efficiency and reduced residual uncertainty, setting the programme on a firmer, more streamlined footing.
We conducted a rigorous financial assessment of the contract. We scrutinised actual performance to pinpoint variances from forecast completion outcomes, evaluated the core financial and operational assumptions underpinning the contract’s value, and mapped the risks and opportunities most likely to influence the project’s ultimate financial position. We also challenged the contingencies proposed by each stakeholder to ensure they were evidence-based and proportionate. Additionally, we benchmarked performance and risk management against industry standards.