HARRADYNAMICS have accumulated a vast body of knowledge in the definition and development of complex and challenging projects. Our staff reinvest the knowledge gained in ways to reduce costs for our clients, improve delivery timelines, and enhance function and features whenever possible.
Our corporate body of knowledge in itself provides insights and opportunities for our clients to improve project outcomes. For example HARRADYNAMICS has analysed more than 280 projects with a capital spend of at least $165 million over the last 12 years and in the benchmarking of project outcomes;
- 39% of commercial & industrial developments finish more than 8 months late primarily due to approvals compliance related issues, poor stakeholder management, poor cost control systems, and procurement planning shortcomings.
- 73% of mining & mineral projects finished more than 50% late on baseline schedules and over budget by more than 26% (2006 to 2011 period). Primarily due to unrealistic planning objectives, lack of skills in the project management team, inadequate or incomplete estimating, inappropriate procurement and contract administration practices, and forex losses on imported content.
- 57% of major infrastructure projects, including heavy haul rail and coal ports, finished more than 18 months late and more than 30% over budget due to poor stakeholder management and scope creep, inadequate or incomplete designs at sign-off, poor tendering and contracting methodologies, and lack of provisioning for latent conditions, wet weather, or poor subcontractor performance.
- When comparing projects that are financed internally compared to those financed externally the internally financed projects finished late and/or over budget 19% more often. This would suggest clients incur more scope creep and are less diligent in the planning and execution phases of a project when lenders are not stakeholders in the project.
HARRADYNAMICS have the skills, knowledge, and systems to ensure the late delivery of over budget projects does not occur due to any of the above causal affects.