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      "text": "Through conversations with owners and operators, engineering and design companies and construction and subcontracting firms, our research shines a light on a long list of challenges that lead to cost and schedule overruns. Some of the top factors include: Increased project scrutiny from stakeholders was the most reported factor and has critical impact on cost and schedule outcomes. Some examples of stakeholder scrutiny include licensing and permitting review and approvals. Availability of materials and equipment was also a key challenge, with a lack of front-end planning to account for supply chain uncertainty reported as a significant barrier to progress. Regulatory and compliance complexities have also become more commonplace. The challenges of staying in line with evolving environmental, social and governance (ESG) regulations are one example of increasingly complex external factors that project teams must navigate.",
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