Project Controls Expo Kuala Lumpur

‘The World’s largest project controls event dedicated to the advancement of Project Controls, with the objective of providing significant awareness on the process, tools and techniques available to its stakeholders. It highlights the value of Project Controls and the impact it can have when put to use effectively’.

A report by McKinsey states 98% of megaprojects face cost/schedule overruns or delays. The reasons include flawed performance management, insufficient risk management, missed connections (lack of planning) amongst a few others which lead to:
• loss of control on projects
• missed deadlines
• delayed phased completions
• incurring penalties
• incurring payment delays
• erosion of stakeholders’ trust and finally, with public projects, poor justification of taxpayer’s money

Another report by PWC, suggests that worldwide infrastructure spending will grow from $4 trillion per year in 2012 to more than $9 trillion per year by 2025. Overall, close to $78 trillion is expected to be spent globally between 2014 and 2025.

This calls for more enhanced dialogue between government, industry and professional bodies to come together for sharing lessons learnt, best practices and engage more collaboratively for successful project delivery.

Project Controls Expo, started in 2010, offers this platform where a wide range of industry players (Oil & Gas, Aerospace, Pharmaceutical, Infrastructure, Construction, Government, Defence, etc.) and professional bodies (APM, ACostE, ICEC, AIPM, PMI, AIQS etc.) engage with a range of professionals and technology providers for the development/advancement of the profession.