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Discover how implementing project controls can improve timelines, budgets, and quality in your construction projects.
Construction projects are becoming more complex and larger in scale, increasing the challenges of staying on budget and schedule. According to a study by McKinsey, large projects typically run 80% over budget and finish 20 months behind schedule. This is where project controls come in—an essential function that integrates cost management, scheduling, risk mitigation, and communication to drive project success.
By implementing strong project controls, construction firms can not only stay within budget but also deliver projects on time, improve quality, and mitigate risks. The good news is that project controls consultants can help companies align their operations, ensuring every phase of the project is meticulously managed. This results in improved project outcomes and long-term profitability for businesses in the construction industry.
Now that we understand what is project controls in construction, let’s further explore its benefits.
By optimizing project schedules and utilizing tools such as critical path methods (CPM) and earned value management (EVM), project controls minimize delays. Research from the Construction Industry Institute (CII) indicates that projects using these advanced scheduling techniques can reduce delays significantly. This leads to better on-time delivery, which is crucial for maintaining stakeholder satisfaction and reducing costly penalties.
Effective project controls identify potential risks early on and allow teams to develop proactive mitigation strategies. This reduces the likelihood of disruptions that can impact timelines or budgets. The Project Management Institute (PMI) highlights that companies practicing risk management processes are three times more likely to meet their project goals, clearly showcasing the direct link between risk management and project success.
Project controls systems centralize communication, ensuring that stakeholders have access to real-time project data to make informed decisions. Highlighting it, recent studies suggest that better communication can result in fewer conflicts during project execution, leading to smoother workflows and less project friction. Integrated reporting systems help keep everyone on the same page, enhancing collaboration and improving project outcomes.
Project controls enable accurate budgeting and cost forecasting, ensuring construction projects remain financially sustainable. By continuously monitoring costs and identifying variances early, overruns are avoided. According to recent studies, strong cost controls reduce overruns by a noticeable margin, making projects more predictable and mitigating financial risks for construction companies. This leads to long-term financial health.
Conducting thorough evaluations after project completion is essential for learning and improvement. Studies reveal that organizations performing post-project evaluations can enhance their future project success rates. By analyzing what worked and what didn’t, companies can refine their strategies, leading to continuous improvement in program management practices. This fosters a culture of learning and enhances organizational growth.
At Compass Consult, we’ve successfully partnered with over 500 construction companies to enhance their project controls strategies. Our team specializes in project controls consultancy, providing tailored solutions to manage the complexities of construction projects, ensuring they stay on time, within budget, and meet quality standards.
With our proven track record, we help businesses mitigate risks, improve cost control, and boost project performance.
Reach out to discover how we can elevate your project management approach and achieve lasting success.
“I got trained for Primavera P6 PPM through Compass Consult. Honestly, the things that got me in were their competitive pricing and payment plans in offer. The thing that I highly admire about the training is that it is a very practical, hands-on training wherein you can learn while working on your own project. The trainers are highly experienced and fundamentally strong. I would strongly recommend the training to someone who needs hands-on experience in P6.”
“We got our Primavera P6 EPPM software and Installation done through Compass Consult. The solution that was given was a good fit for our company size and compliant for the types of projects that we do. One thing that I admire a lot is the customer service team who were very quick in resolving any queries we had and gave us full clarity of the process. I recommend Compass Consult to any company looking for a genuine solution to their Project Management needs.”
“We found Compass Consult through an online search and got competitive pricing from them on Primavera P6 implementation and consultancy. We found their delivery team easy to deal with and it was a smooth process overall with a great hassle-free experience. I would highly recommend working with Compass Consult for setting up your project controls systems and processes.”
"Compass has bent over backwards to meet the needs of SRG Global. They have been patient as we went through the process of reviewing and approving the equipment. Equipment was then delivered promptly to the location we requested. The project does not start until the new year, but given the excellent service thus far, I am highly confident it will not have any issues with the network connectivity setup."
Project controls consultants help construction companies optimize their projects by applying best practices in scheduling, budgeting, and risk management. They bring specialized expertise to ensure projects are delivered on time, within budget, and to the desired quality standards.
Common tools include scheduling software like Primavera, risk management frameworks, cost estimating tools, and earned value management (EVM) systems that track project performance and forecast outcomes.
While project controls are critical in construction, they are equally essential in industries such as oil and gas, manufacturing, infrastructure development, and aerospace, where large-scale projects require rigorous management and oversight.
By closely monitoring all aspects of a project, from costs to timelines and quality, project controls ensure that potential issues are addressed before they become critical, resulting in improved project performance and better client satisfaction.
Get in touch with us today and see how we can help your next project thrive!
Compass Consult is a globally recognized project portfolio management service provider. Our team comprises experienced civil engineers, risk management experts, and project controllers with outstanding track records for delivering exceptional project planning, earned value management, cost control, and schedule control services.
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