Preemptive measures to manage costs and potential disputes on mega-projects such as LRTs
Megaprojects, such as LRT's, are characterized by their immense scale, complexity, and substantial financial investment. These projects play a pivotal role in modern infrastructure development. They are also frequently plagued by cost overruns, large delays, and significant disputes. These types of projects tend to take a “life of their own”, and once they do, it becomes difficult to manage or control any costs. Since costs are a lagging indicator, the aim is to discuss how these sorts of projects can be set up and managed to stay ahead of the curve. The purpose of this panel is to discuss the lessons learned from previous LRT projects and the best practices for managing costs and handling disputes on megaprojects
Megaprojects, such as LRT's, are characterized by their immense scale, complexity, and substantial financial investment. These projects play a pivotal role in modern infrastructure development. They are also frequently plagued by cost overruns, large delays, and significant disputes. These types of projects tend to take a “life of their own”, and once they do, it becomes difficult to manage or control any costs. Since costs are a lagging indicator, the aim is to discuss how these sorts of projects can be set up and managed to stay ahead of the curve. The purpose of this panel is to discuss the lessons learned from previous LRT projects and the best practices for managing costs and handling disputes on megaprojects
When
May 7th, 2024 from 12:00 PM to 1:00 PM
Event data
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