The Government has been investing in public works projects to enhance people’s living environment and to sustain Hong Kong’s long-term competitiveness. The Government’s annual expenditure for the CWP was on average $80 billion in the past three years and is expected to have a constant growth in the coming few years. The annual construction output of the public and private sectors will be in the range of $225 billion to $315 billion in the next 10 years. In addition to the workload, we are facing the challenges of high construction cost and an ageing construction workforce. Moreover, the general public has been having increasing aspiration for better performance of public works projects in recent years.
In June 2016, the Project Cost Management Office (PCMO) was established to implement cost management initiatives and initiate measures which are conducive to the delivery of public works projects in a timely and cost-effective manner. In April 2019, PCMO was upgraded and renamed as the Project Strategy and Governance Office (PSGO) for implementing strategies and reinforcing capabilities in cost surveillance and project governance. PSGO adopts a holistic approach to strengthen cost management and improve the performance of public works projects.

Leading the development of
strategies to enhance
project performance.

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Uplifting project
delivery capability.

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Strengthening governance to improve project and cost management.

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Enhancing collaboration
with international and
local counterparts.

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