Business case
Our client, a listed global real estate developer and asset manager, suffered major delays and cost overruns on one of its largest and most complex projects.
When making an investment decision, developers tend to focus on the income side of a project’s business case, with less scrutiny of capex and construction timescales, even though the return on investment can be sensitive to these matters.
We were engaged to carry out an independent analysis of the root causes of the problems in order to identify the shortcomings in project management and controls, as well as to assess the project’s latest cost forecast.