Capital project management

Capital project management is the process of planning and delivering high-value projects such as office developments, infrastructure or major refurbishments. These projects often involve multiple teams, long timescales and tight financial controls, so a clear, methodical approach is essential.

Why it matters

  • Cost control – Avoid overspend with accurate budgeting and live tracking

  • Risk management – Spot and reduce issues before they escalate

  • On-time delivery – Keep work on schedule with clear milestones

  • Compliance – Meet legal, safety and environmental obligations

  • Stakeholder alignment – Ensure everyone's working towards the same goals

What it involves

  • Feasibility and planning – Define scope, budgets and business case

  • Design and procurement – Develop specifications and appoint contractors

  • Delivery – Oversee construction or works on site

  • Monitoring – Track progress, quality and spend

  • Handover – Complete inspections and transition to operations

The role of technology

Modern tools support better oversight and decision-making:

  • Project dashboards – Monitor spend and timelines in real time

  • Risk logs and alerts – Stay ahead of delays or cost shifts

  • Digital documents – Store approvals, contracts and reports in one place

  • BIM and smart tech – Improve planning and reduce on-site clashes

 

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