14/04/2023
Introduction to PMPS Consulting
There is no doubt the construction industry always has been amongst the biggest industry with annual turnover amounting to 8.2tn USD in 2022 (statista, Nov 2022) and expected to double in 2030 with compound annual growth rate (CAGR) of 7.3% (Exactitude Consultancy Aug 2022). As per Bulletin published by Office of National Statistics (ONS) date July 2022, the construction industry amounted for UK alone to £15bn GBP with annual growth rate of 2.8%.
Further, whilst the cost of project management varies between 5% to 15%, depending upon the large number of characteristics, but if we consider the mostly accepted figure of 10%, the Project Management as a business would account for £1.5bn annually. And the irony is over 1/3rd of the project fails which accounts for gross loss of approx. £5bn every year. Hence my passion to help projects be more successful.
Established in Dec 2013, PMPS Consulting (PMPS Ltd) has always strived to provide quality services to its clients. Our unique approach, positive attitude and trustworthy team is our strength and key to our successful journey so far. Based on clients request so far and hence so, we have 6 different service/support areas as detailed below:
a. Project Management Support
b. Project Control Support
c. Dashboard Management Support
d. Construction Planning Support
e. Delay Analysis (Cause Vs Effect) Support &
f. Performance Audit Support
Each of the services are led by experience project management professionals and have been proven to provide a more client friendly and cost-effective approach.
So far, PMPS Consulting has successfully provided/assisted project management and planning supports to:
• 4 major UK construction companies
• 4 major rail projects (working in collaboration)
• 3 nuclear projects &
• 2 MoD projects.
We hope to serve more and more major projects as a partner in near future.
We are aiming to frequently post about project management related topics and the involvement of PMPS Consulting so, please keep eye on our LinkedIn page and feel-free to follow it, if you haven’t done so far😊.
Did you find the construction statistics interesting?
Let us know in the comments.
projects .