Major Projects Advisory

Maximise your value from capital investments and transformation programs

In the realm of major projects, both public and private sector organisations encounter formidable challenges in maximising value from capital investments and transformation programs.

At KPMG, we provide tailored support to navigate these complexities, ensuring optimal capital deployment and efficient project management. With expertise spanning strategic advisory, commercial assurance, supply chain optimisation, and risk management, we empower clients to seize opportunities and achieve success amidst evolving industry landscapes.

Discover how our comprehensive solutions can drive your projects to new heights of effectiveness and value.

Services

How we can help

Capital Advisory

Develop and implement strategic Target Operating Models (TOMs) tailored to optimise capital allocation, investment decisions, and project delivery within major capital projects. The KPMG TOM is designed as a blueprint for rapid and sustainable functional transformation.

Project and Commercial Health Checks and Assurance

We conduct independent reviews of projects through their full lifecycle from investment decision to completion, commissioning, and handover. We can provide advice on risk allocation, selection of appropriate contracting strategies, strategic procurement, and effective contract management as well as conduct internal and external audit services.

Commercial Strategy including supply chain management

We can develop tailored commercial strategies to optimise supply chain performance and help implement innovative solutions to drive value throughout the supply chain.

Project Controls

We can Implement effective project control systems to monitor progress, costs, and risks. Utilising advanced analytics and reporting tools to enhance decision-making and transparency. We can help ensure adherence to schedules, budgets, and quality standards throughout the project lifecycle.

Risk

Conduct thorough risk assessments to identify and prioritise project risks and develop proactive risk management strategies to mitigate threats to capitalize on opportunities. We can provide ongoing monitoring and mitigation efforts to safeguard project objectives and stakeholders' interests.

P3M (project, programme & portfolio management)

Establish robust programme and PM frameworks tailored to your organisation's needs and ensure alignment of project objectives with strategic goals and stakeholders' expectations. We specialise in helping clients with setting up and running a Transformation Management Office. We support clients from a project management perspective throughout their transformation journey whether that is digital, operational, or business.

Case study: Delivery of paediatric healthcare transformation

It is well commented on that the development of the National Children’s Hospital faced several challenges. When KPMG first got involved, the New Children’s Hospital (NCH) was already in the construction phase on the campus of St. James's Hospital in Dublin, aiming to consolidate services from three tertiary children's hospitals in Dublin into one regional secondary and national tertiary centre. Additionally, satellite centres were underway at Tallaght Hospital and Connolly Hospital.

However, independent reviews concluded that the project lacked a robust project controls environment suitable for such a mega-programme. There were concerns about the risk profile associated with procurement and contracting strategy, as well as conclusions on the need to enhance commercial capability and collaboration across the organisational structure.

It was also recommended that more robust processes for decision-making and a Programme Assurance Strategy were needed to ensure project success.

During KPMG's engagement, the focus to date has been supporting on implementing these recommendations through providing external project assurance for all three focus areas of the National Children’s Hospital. This included assurance for the Building, the Digital Hospital (ICT Infrastructure), and the Operational Integration of the three existing children’s hospitals.

KPMG is working closely with the HSE Steering Group, responsible for directing the overall programme of work, to monitor delivery against agreed parameters for timeline, scope, and funding.

Following KPMG's involvement, changes are being implemented in governance, decision-making, and risk management, identifying areas of high risk for comprehensive deep-dive assurance reviews. These measures should help to ensure better project controls, enhanced risk management, and improved overall project delivery for the National Children’s Hospital.