Digital cost planning creates transparency

fankfurt fraport terminal 3

Large projects involve complexity as well as complicated cost structures. In order to keep the real figures under control, the management of major projects such as Terminal 3 of Frankfurt Airport is hardly conceivable today without special software. But even the best software cannot compensate for cost increases due to technical or programming errors.

 

Major projects are known to be susceptible to delays, changes in plans and cost overruns because of the large number of factors that influence them. The Elbphilharmonie Concert Hall in Hamburg, the Stuttgart 21 train station or the BER at Berlin Airport are well-known examples. Unforeseen events also occurred several times during the construction of the new Terminal 3 at Frankfurt Airport. Most recently, in June this year, around 100,000 m³ of chemically contaminated soil had to be removed and disposed of. And due to the crown crisis, the completion of the entire Terminal 3 project could be delayed until 2024. When the foundation stone was laid in 2019, the target date was 2023…