Case Study: Industrial Products Company achieves real-time cost control and eliminates 12–15% capital project overruns with Protiviti

How one industrial products company enabled real-time cost reduction with effective capital project controls

Industrial Products Company was facing pervasive capital project cost overruns (typically 12–15%) and schedule delays, and its president engaged Protiviti for help. Protiviti deployed its capital project management experts to diagnose the issues and recommended improvements to organization, processes, contracting approaches and the implementation of a project management software solution.

Protiviti led process redesign, software implementation, training and embedded day‑to‑day project controls support, and introduced real‑time monthly reporting for cost, schedule and forecasting. The changes sharpened visibility and control, helped eliminate the recurring 12–15% overruns, produced a first project result of just a 3% budget overrun, and delivered cost reductions roughly three times the investment in the improvements.