Engineering Project Management firm FEG Global brought an interactive survey to their stand at this year’s PPMA exhibition. The survey asked engineers to answer, “What is the key cost driver for your current projects?”
There were 4 available answers to choose from: Energy Cost, Maintenance Cost, Labour Cost or Growth/expansion cost and all respondents were able to take part via a token drop into an on-stand display – giving an instant visual representation of the most popular answers.
The results of the survey were…. drum roll please….
4th Place: Maintenance Costs with 20.52% of votes
3rd Place: Energy Costs with 24.35% of votes
2nd Place: Growth/Expansion Costs with 26.92% of votes
1st Place: Labour Costs with 28.21% of votes
Chris Williams, MD of FEG Global, said,
“Our clients all have different reasons for starting their projects – typically one of these 4 areas. It is interesting to see that there were votes cast across the board, showcasing all of the cost drivers play a huge part and are equally important factors.”
The FEG team is taking the interactive survey on tour to several exhibitions this year and is hoping that the results will give an industry-wide picture of project drivers for 2023.
“Thank you to everyone who participated in the survey we are excited to take the ballot boxes on the road, feeding into a series of exhibitions across the UK later in the year. There is a bit of healthy internal competition here at FEG Global around what the final outcome will be – we all have our own idea of how we think the end results will look and we’re each hoping to be right!”
About FEG Global
FEG Global is an engineering project management firm, based in the North East. They are the partner of choice for many food, power, pharmaceutical and industrial manufacturing businesses, providing a range of specialist services through their dedicated engineering divisions. From factory builds and extensions, automation, odour control, dust extraction and industrial ventilation systems, the in-house team of experts can design, specify, install, and maintain systems to ensure compliant, safe, on time and on budget CAPEX or site-level project delivery. Services include feasibility, design and CDM Duty holder roles, including Principal Contractor and Principal Designer.