Through its recently formed Major Projects Delivery Office (MPDO), KPMG LLP seeks to swiftly customize multidisciplinary teams to meet the emerging needs of clients dealing with the specific requirements of complex projects.
With the new office serving as a centralized hub, KPMG in Canada said the MPDO will enable it to advise clients across the full project lifecycle, including the stages of early planning, business case development, design, procurement, and construction.
Zach Parston – KPMG Canada’s national infrastructure, capital projects, and sustainability leader – stressed the importance of the planning and establishment stages to a mega project’s success or failure.
“When projects are poorly structured, governance is weak, experienced practitioners are absent, or key parties are misaligned, the project is already off course,” he said in a news release. “Unfortunately, it is only when cost overruns and schedule delays emerge during construction that those early missteps reveal their significant consequences.”
KPMG Canada explained that MPDO teams can help organizations establish and deliver executive programs, fortify internal capability, strengthen delivery confidence, and protect business value through advice at the executive and board level. The teams will offer reporting and insights for executives, boards, and investors.
“Our capabilities include governance, financing, risk management, project controls, contract strategy and management, strategic regulatory management and Indigenous engagement,” Parston said in the news release.
KPMG Canada shared that MPDO teams will assist organizations in connection with project organization, governance structures, decision-making processes, budgets, costs, schedules, procurement strategies, contractual oversight, turnaround strategies, and control resets.
Mega project landscape
In KPMG’s news release, Parston noted that Canada is facing a slew of nation-building projects, often involving numerous contractors, shifting regulatory requirements, supply chain issues, and capital amounting to billions of dollars.
“With the pressure mounting to build now and build fast, it’s essential that these complex projects are well organized and managed, with the right governance frameworks and controls, clear accountability and execution plans,” he said.
KPMG Canada explained that complex projects can benefit from well-structured teams, delivery models designed to meet specific project needs, and stable execution environments.
According to Parston, the country’s economic future hinges upon its efforts to enter new trade partnerships, leverage its resources, improve self-reliance, and promote economic growth.
“There can be no margin for error if Canada is to double non-U.S. exports over the next decade and provide the world with reliable, stable energy and mineral supplies, particularly at a time of intensifying geopolitical strife,” he said in KPMG’s news release. “It’s not business as usual.”
KPMG LLP is a full-service audit, tax, and advisory firm owned and operated by Canadians. Established under Ontario’s laws, it belongs to KPMG’s global organization of independent member firms affiliated with KPMG International.