What is Project Controls?
Project Controls is all about sharing the right information (KPIs) with the right stakeholders at the right time to ensure the right decisions are made at the right time for the successful project delivery.
About the Initiative
Project Controls Expo brings together professionals and experts from various industries, including construction, oil and gas, aerospace, defense, and numerous others, to discuss best practices and innovations in the project controls spectrum. The event features keynote speakers, panel discussions and networking opportunities. Project Control Expo aims to provide a platform for professionals to share their experiences, knowledge, and insights and to promote the importance of project controls in successful project delivery.
Why Project Controls Expo?
A report by McKinsey states 98% of megaprojects face cost/schedule overruns or delays. The reasons include flawed performance management, insufficient risk management, missed connections (lack of planning) amongst a few others which lead to: loss of control on projects; missed deadlines; delayed phased completions; incurring penalties; incurring payment delays; erosion of stakeholders’ trust and finally, with public projects, poor justification of taxpayer's money. The PWC report makes a similar comment i.e., capital projects that come in under budget are the exception, not the rule.
Another report by PWC, suggests that worldwide infrastructure spending will grow from $4 trillion per year in 2012 to more than $9 trillion per year by 2025. Overall, close to $78 trillion is expected to be spent globally between 2014 and 2025.
This calls for more enhanced dialogue between government, industry and professional bodies to come together for sharing lessons learnt, best practices and engage more collaboratively for successful project delivery. Project Controls Expo, started in 2010, offers this platform where a wide range of industry players (Oil & Gas, Aerospace, Pharmaceutical, Infrastructure, Construction, Government, Defence, etc) and professional bodies (APM, ACostE, ICEC, AIPM, PMI, AIQS etc) engage with a range of professionals and technology providers for the development/advancement of the profession.
Special thanks to the following professionals for offering their time and inputs to draft this page:
Finally, it is important to mention that Project Controls Expo is a “not for profit” event and any remaining proceeds are re-invested into the event for further enhancements. Should there be any deficit, Projcon Group (parent company organising this conference) fills the gaps, and we take this opportunity to thank them along with all the volunteers for their continuous support.