Getting Planning and Costs Back on Track at a European Pharmaceutical Company
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May 22, 2024
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FTI Consulting provided audit and project management support to control runaway CAPEX and get project planning back on track to deliver a new production line for an emblematic compound for the group.
Our Impact
- FTI Consulting’s audit identified cost issues and proposed ways to control CAPEX after a 60% increase.
- Our expert resources were put in place in key positions and maintained control over processes and costs until project delivery.
- Action planning led by FTI Consulting for the executive committee is underway to improve project planning, identify cost increases early and create more robust budgeting.
Our Role
- FTI Consulting provided a rapid and penetrating audit of the situation to identify reasons for the project derailing and costs increasing.
- After the audit identified issues in project planning and management, our experts actioned plans to move forward.
- FTI Consulting resources provided onsite project management support at the head office for key processes like contract management and to maintain control of costs and track causes for potential overruns.
Situation
A pharmaceutical company engaged FTI Consulting to provide audit and project management support to control runaway capital expenditures (“CAPEX”) and get project planning back on track for the delivery of a new production line for an emblematic compound critical to the company’s image and revenues, all while under a strict timeline imposed by European Union authorisations.
Published
May 22, 2024
Key Contacts
Senior Managing Director, Head of France Construction, Projects & Assets
Senior Director