Initiatives
Governance
Tasked with formulating and overseeing the implementation of policies aimed at strengthening cost management and control throughout the delivery of capital works projects, the Project Strategy and Governance Office capitalises on all cost-saving opportunities and fosters budget and expenditure control to prevent cost overruns and programme delays.
We also track the development of projects from inception to completion, including the detailed design and funding application stages, by starting the project vetting process from the outset and conducting regular reviews and follow-up actions.
We leverage the principles of “fitness for purpose” and “no frills” in conducting project vetting, with a view to enhancing the cost-effectiveness of the construction works. We have developed a cost benchmarking system for various types of works to gain a better understanding of the project cost levels. If the estimated project cost exceeds the relevant benchmark, we examine the major components of the project and optimise the design without compromising functionality and quality.