History is teeming with large, complex, one-off projects that are late and over budget, causing adverse economic and reputational impact to the stakeholders involved. Whether these so-called megaprojects are cutting-edge factories, new information systems, new aircraft or commercial nuclear power plant designs, all industries have them, and no industry is immune from undesirable outcomes. Yet some megaprojects do come in on-time and on-budget. PwC's Strategy&'s megaprojects practice works with our clients to improve the outcomes of their projects.

Over the past two decades, Strategy& has worked directly with more than 150 projects spanning industry, size, and phase of development to initiate, assess, build capability, and successfully guide these projects. Our megaprojects industry experience spans aerospace and defense, energy, infrastructure, auto, consumer products, health, industrials,IT, and financial services industries.

Strategy& works with all types of megaproject stakeholders, including corporate owners, engineering procurement and construction (EPC) firms, original equipment manufacturers (OEMs), governments, and major suppliers to improve the likelihood that megaproject scope will be delivered safely, on-time, on budget, and with high quality. We tailor our support to the particular needs of the client—whether it's an organization that manages multiple projects as a core part of its business and requires strong megaproject delivery as a source of competitive advantage, or an organization which only executes a megaproject once in a decade and needs a one-off capability boost.

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PwC’s Nicolas Volpicelli explains why there is no one-size-fits-all method to effectively delivering Megaprojects on budget and on time, and shares the tailored, capabilities-driven approach that has helped clients successfully navigate a wide variety of complex Megaprojects.

Our thought leadership

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Oil and gas companies face rising development costs and greater complexity in building new projects.
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AECOM’s $6-billion acquisition of URS continues the trend of consolidation among construction services players. But the transaction also highlights the challenges of pursuing profitable growth in the sector.
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Governments in emerging markets are increasing their defense spending, often on integrated, end-to-end solutions that combine military and security equipment.
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An era of uncertain defense budgets and a shrinking procurement base, the traditional approach of squeezing savings through incremental cost reduction no longer supports the targets required by Department of Defense programs.
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All too often, companies unintentionally create their own worst crises. With a little awareness of your organizational DNA, you can avoid that fate — and the headlines that go with it.
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This perspective discusses the critical set of capabilities in eight facets of capital projects that companies need to achieve sourcing excellence.
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In order to manage these megaprojects more effectively, energy companies must master seven key habits.

How we help our clients

Assessment and capability building

We apply our proprietary capability model to benchmark clients against best-in-class project management practices gleaned from advising more than 150 projects spanning multiple industries. We assist clients in developing distinctive but right-sized program management capabilities, such as project planning, performance management, project integration, risk management, and supplier management. We also support the institutionalization of those capabilities through the creation of comprehensive processes, tools, and training and development programs.

Risk management

Through our Risk Integration with Schedule and Cost (RISC-IQ) methodology, we provide clients with a rigorous risk assessment approach with statistical tools to optimally assess and mitigate risk on individual projects and across program portfolios.

Leadership and operating model

We help our clients develop and implement the optimal megaproject leadership and organization – including joint venture management–based on objectives, strategy, capabilities, and resources.

Contracting and procurement

Working with clients, we apply best practices in structuring, negotiating and managing relationships with contractors and equipment suppliers.

Design for affordability

Leveraging our proven and practical methodology for attacking costs in a coherent and prioritized manner across Inherent, Structural, Systemic and Realized (ISSR) costs, we help clients reduce program cost and schedule, and build contingency.

Management outsourcing

We partner with clients on the ongoing management of megaprojects by performing portions of the megaproject management where the client lacks the depth of resources or capabilities.