WIREDGOV

Virtually all project professionals say the global energy crisis will negatively impact current or planned projects in some way, Association for Project Management (APM) has found.

A survey of 1,000 project professionals, conducted with research company Censuswide, found that 99% said they expect an impact on projects they’re currently working on or plan to start working on soon.

The most anticipated impact, cited by 32% of survey respondents, was increased project costs.

Not fully realising the intended benefits of projects was the second-most anticipated impact, cited by 27% of respondents, while 26% predicted delays to projects being started or completed.

Only 1% of survey respondents said they did not foresee any impact from the energy crisis on current or planned projects*.

The most-anticipated impact of the crisis for each industry sector is as follows:

Commenting on the findings, Professor Adam Boddison, APM’s Chief Executive, said: “The breadth of responses from this survey show the many different ways that projects are likely to be affected by the global energy crisis. While the potential for increased costs is clearly a factor, it’s also noteworthy that many respondents anticipate consequences for sustainability goals, benefits realisation, and even the mental health of their colleagues and other stakeholders.

“With current concerns around energy supplies – especially in Europe – it’s no surprise that project, portfolio and programme managers have concerns. Energy security is vital for the successful delivery of projects that will address some of the society’s most pressing challenges. If the UK is to achieve its goals for levelling up, tackling climate change and addressing skills shortages, it will be essential for the government to invest in the production and supply of energy that also takes account of sustainability goals. Only with the required investment and focus in this area will the projects that enable a better future be delivered.”

*All figures rounded to the nearest 1%