Controlling Contract Growth: Report
Contract change is inevitable regardless of industry; it is part of every project’s DNA.
Change falls into two main categories, foreseen and unforeseen. It’s the latter that typically gets projects into trouble causing cost overruns and schedule delays/disruptions, and of course “unforeseen” typically means a lack of knowledge or a lack of intelligence…or data. To control contract growth, we must first understand the contributing factors and place some intelligence around “unforeseen” changes.
In association with Coreworx, Oil & Gas IQ undertook a survey asking those directly involved in managing contracts in large capital projects to identify the issues and common indicators of contract growth. This report provides a detailed breakdown of the issues, and where opportunities for improvement exist...
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