Why Do Cost Overruns Happen? It’s All About Risk!

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Cost overruns plague large projects, often stemming from a lack of clarity and transparency surrounding project risks.

In this informative session, you will gain insights into the root causes of cost overruns post-contract award and learn effective strategies to mitigate them. Learn how to quantify and categorize risks as retained, shared, and transferred to make informed decisions and ensure project viability. Auditors will benefit from enhanced risk assessment capabilities to anticipate and address uncertainties and the capacity to identify potential lines of enquiries and identify root causes to generate useful recommendations.

Don’t miss this opportunity to equip yourself with the tools and knowledge to understand project complexities and assess successful outcomes.

SPEAKER

Michael Lionais Michael Lionais is Managing Director at Technomics Canada Consulting ULC. Michael is overseeing Technomics expansion across Canada as the Managing Director of the Ottawa office. With over 35 years experience in Public Sector financial and cost stewardship, he is bringing cost estimating benchmarks and data-driven approaches to Canada’s major infrastructure projects. Mike’s contributions to the Canadian government and publications are widely recognized, holding the position of Regional Director for Canada on the ICEAA Board of Directors, and working as an active contributor to CPA Canada and a university executive program facilitator. Michael leverages his wealth of experience and knowledge to provide clients dependable, clear insights.