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BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting

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About L.E.K. Consulting

L.E.K. Consulting is a global strategy consulting firm helping clients achieve high impact results with deep industry expertise and rigorous analysis. Whether it's a global pharmaceutical company evaluating its strategy to develop new cures for diseases, an airline seeking new revenue sources in a challenging deregulated industry or a global footwear company repositioning its brands, clients rely on L.E.K. to help them meet their challenges and take advantage of their opportunities.

L.E.K. Consulting Headquarter Location

75 State Street 19th Floor

Boston, Massachusetts, 02109,

United States

Latest L.E.K. Consulting News

L.E.K. Consulting digs into infrastructure sector

Nov 29, 2021

Share L.E.K. Consulting is joining the throngs of consultants advising governments and companies on infrastructure projects, spying opportunities to help them sort out problems as disputes, cost increases and skills shortages dog the industry. The global consulting group has established a new unit in Australia named Major Capital Projects Advisory that will specialise in analysing the risks and budgets of big infrastructure projects. partner Joseph Sponholz said the group had been getting questions from clients about whether they were getting what they were paying for on infrastructure projects and whether they were spending their money wisely. “That can be difficult to discern on these massive projects,” Mr Sponholz said. “Projects usually start out with an optimism bias … and then at various stages throughout the project lifecycle, people say: ‘Wow, wait a second, we are hundreds of millions, sometimes billions of dollars outside what we planned for, and this is going to take a lot longer than we thought.’” Advertisement The Grattan Institute has called out Melbourne’s $6.7 billion West Gate Tunnel, which is at least $3 billion over budget, as an example of a transport project that has ended up with problems that were not foreseen when contracts were signed but “perhaps could have been with more work”. While Mr Sponholz expects that L.E.K. will be called into troubleshoot, it hopes that clients will hire it earlier for other projects to try to prevent problems and budget blow-outs before they happen. wants to work with governments and companies from the planning stages of projects through design, construction and operations, rather than being a “tactical consultant” that is called in to advise on specific problems. Australia could reduce conflict on projects by standardising contracts rather than creating bespoke contracts for every project, Mr Sponholz said. “People would know what the outcome is going to be because the provisions have been tested … it would save people a lot of time and money.” Governments could also have clearer guidelines for evaluating what projects to build, to make it easier to identify which projects to spend money on first, he said. “We don’t really have a common set of evaluation criteria – is a roadway better than a bridge or a tunnel? Or is a rural project better than a city project? Do we evaluate it on return on investments or populations served … we don’t really have a standard for how we look at any of that.” Advertisement Mr Sponholz declined to specify current clients but said L.E.K. had “a number of active engagements”. “They range from helping them resolve contractual disputes to construction productivity,” he said, adding they also included dealing with supply constraints and finding skilled workers, such as project directors, that are in high demand. has not seen clients reducing investment spending due to COVID-19, he said. “If anything, the government is quite reliant on infusing cash into the economy through the construction of these infrastructure projects as a critical component of the economic recovery post-COVID. So, I don’t think you’ll see them dry up any time soon.” The new six-person projects advisory team has previously worked on the new Western Sydney Airport and the proposed Melbourne Airport rail link and Auckland light rail projects. It plans to expand in 2022. Jenny Wiggins writes on business, specialising in infrastructure and transport. Connect with Jenny on Twitter . Email Jenny at Save

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