Optimising Spend in Capital Intensive Projects.
The Major Capital Projects review identifies spiralling costs for organisations undergoing large infrastructure projects, with projects rated red (unachievable within budgets) doubling between 2019 and 2024. Therefore, the question of what is required to avoid hidden expenses, particularly those stemming from procurement fraud and instances of bid rigging and abuse, and to successfully deliver a major infrastructure project with spend efficiency by avoiding losses comes to the fore.
The event will delve into strategies aimed at mitigating losses and bolstering systematic controls to safeguard against hidden costs and disruption. The process, spanning from the initial scoping and budgeting of major projects to unlocking broader growth opportunities, hinges on deploying analytical capabilities to prioritise spending effectively. This entails scrutinising procurement practices to identify instances of waste and abuse and identifying instances of bid rigging and duplicate invoicing. Through enhanced performance management and a steadfast commitment to value for money, organisations can not only optimize their expenditure but also play a pivotal role in fortifying the national supply chain and fostering sustained long-term growth.
SAS will share best practices and use cases for preventing loss to fraud, waste, abuse and error across large projects with complicated procurement chains. Join our expert panellists to uncover ways to minimise wastage and maximise efficiency across large-scale projects – including details of how organisations have identified millions back to their bottom line.
Who is this Panel discussion relevant for?
- Industries such as energy and utilities, government/public sector, construction, telecommunications, transportation, manufacturing supply chain and FS.
- Professionals who are involved in managing large-scale infrastructure projects and are committed to maximising efficiency and minimising waste in their spending.
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SAS Experts
Laurent Colombant, EMEA Continuous Monitoring Solution Lead at SAS
Assisting customers in tackling financial crime using NLP, ML and analytics since 1999. After focusing on sanctions screening, anti-money laundering, payment fraud and terrorist cell financing he is now working to address Continuous Controls monitoring including procure to pay, travel and entertainment, know your supplier and insider fraud modus operandi. He holds an MBA in Finance from the University of Michigan and a joint degree in linguistics, econometrics and computing from the University of Montreal
Duncan Bain, Senior Energy Advisor at SAS
Duncan is a well-versed industry consultant with 17 years of experience in the energy industry, who’s passionate about the using analytics to solve overcome challenges across Energy & Utilities. He is a vocal advocate of a well-managed energy transition that delivers on its promises. Previously leading the data and analytics strategy at Scottish Power, Duncan thinks that technology, people and purpose have a role to play in expanding expertise to companies across the globe. Duncan enjoys DIY gaming projects in his time outside of work and is also a Cub scout leader who enjoys giving back to the local community, while spending time with his son.
Dr David Shepherd
Dr David Shepherd is a criminologist. He obtained his PhD in 2016 following 30 years career in engineering. He teaches and undertakes research within the field of economic crime – fraud, bribery, intellectual property crime, money laundering, industrial espionage, antitrust. His work covers offenders, victims, online behaviour, organisations, prevention and enforcement. David has published widely on these research topics in academic articles, books and technical reports. He has worked on research programmes funded by the CPNI, EPSRC, FCDO, FSA, Home Office, IPO, Nuffield, WIPO as well as NGOs and private sector firms.
Joe Gibson, Head of Digital Innovation at 4C Associates
Joe has over 14-years' experience in various leadership roles including transformation, procurement, and supply chain. During his career Joe has successfully led a wide range of group-wide transformation projects (cradle-to-grave) inclusive of digital/technology architecture and organisational change management across the enterprise landscape.
John Robinson, Senior Manager at Evelyn Partners
John is a forensic accountant with over 18 years of investigations experience. During his career, John has specialised in forensic investigations and financial disputes, including testifying as a witness on fraud and bribery matters. John has experience in investigations in relation to procurement fraud and the corruption of large-scale construction infrastructure contracts.
John has worked on matters in the UK Civil and Criminal Courts on behalf of the Crown, Claimants and Defendants.
Joshua Reddaway, Director Fraud and Propriety at UK National Audit Office
Joshua Reddaway is the Director of Fraud and Propriety at the National Audit Office (NAO), where his role includes overseeing reports to Parliament on fraud, propriety and transparency; leading the NAO Fraud and Propriety Centre; and supporting colleagues as they encounter fraud, propriety and corruption issues in their value for money and financial audits of government. Prior to taking up this role, Joshua was NAO Client Director for Work & Pensions value for money, where his work covered employment support, benefits transformation, systemic underpayments and fraud and error; and the Head of Practice for the NAO Commercial and Contracting hub, where his work covered some of government’s most complex commercial arrangements, its management of its strategic suppliers, its efforts to improve contract management, and the fallout from the collapse of Carillion. Joshua is a Fellow of the Institute of Chartered Accountants England and Wales. He joined the NAO in 2002 to undertake his accountancy training and specialised in value for money audit after qualifying. He studied Social Anthropology at Cambridge, Economics at Birkbeck, and an Executive MBA at the Bayes Business School. He is married and has two daughters aged 13 and 7.