A large capital projects firm with £1.2bn annual capital spend had lost confidence in its internal performance measuring and reporting function.
- Lack of agreement at board level on the accuracy of data delayed critical decision making in the boardroom.
- Cost of internal reporting had risen by >50% in 12 months without resolving the issue.
- The lack of a “single source of truth” for performance data unnecessarily tied up £300m of capital.
- This resulted in insufficient capital being available for other projects and further delays with associated cost increases.