Project Scope

We were engaged to provide a detailed review and second opinion on the proposed budget for a hospitality development project. The objective was to ensure that the budget was realistic, comprehensive, and aligned with the client’s financial and strategic goals while identifying potential risks or areas for optimisation.

The process began with an in-depth analysis of the existing budget documentation. We reviewed line items for accuracy, consistency, and completeness, assessing key cost categories such as construction, design, operational setup, marketing, and contingency reserves. Particular attention was given to identifying any assumptions that could materially impact the financial outcomes of the project.

Our team conducted benchmarking against similar projects within the region and industry, comparing cost allocations and expenditure trends. This analysis provided valuable insights into the budget’s competitiveness and feasibility relative to market standards. We also evaluated the alignment of projected costs with the project’s scale, scope, and intended positioning in the hospitality market.

Where discrepancies or potential oversights were identified, we provided clear recommendations for adjustments. These included recalibrating cost estimates, reallocating resources to underfunded areas, and refining contingency provisions to mitigate potential risks. We also offered alternative solutions to reduce costs without compromising quality or project objectives.

In addition to the budget review, we conducted a sensitivity analysis to evaluate the potential financial impact of external factors such as inflation, regulatory changes, and supply chain disruptions. This helped the client understand the budget’s resilience and adaptability under varying scenarios.

The final deliverable was a comprehensive report outlining our findings and recommendations, along with actionable insights to optimise the budget. Our second opinion provided the client with confidence in the financial integrity of their project and empowered them to move forward with greater assurance.

This engagement demonstrated our ability to provide meticulous budget reviews and strategic guidance, ensuring that projects are financially sound and positioned for success.

Project Location

Tyrol, Austria