ANALYZING THE COSTS OF A LARGE PROJECT
CONTRACTOR: Kaj Bech A/S
Task: Uncertainty analysis of project budget
We needed an overview of a large project for planning purposes.
We invited Henrik K Søndergaard to lead us through a workshop where we could pressure test our budget and gain insight into the uncertainties of the project.
Analysis:
We were a broader group than usual investigating the project and Henrik guided us through a Successive Analysis.
Results:
This meant that we all got a good insight into the project, costs and not least the uncertainties.
We became aware of other risks by sitting together and brainstorming about them. We got a Top 10 list of uncertainties, even though there were many others in the project.
We then created some practical action plans.
We are now aware of our own risks that we can act on – and have insight into risks that point towards the customer. In addition, we received an assessment of the robustness of the existing budget.
All in all, a method and process that we can recommend.
Project Manager, Nickolai Buus Petersen
