All Costs Under Control: Aspern Vienna’s Urban Lakeside

Project name: Wien 3420 Aspern Development | Industry: Residential & CommercialLocation: Aspern, Austria

Aspern Vienna’s Urban Lakeside is one of the largest urban development projects in Europe. The site is located on the former airfield at Aspern – the predecessor of the current international airport, Vienna Schwechat. The planners envisage a mixed residential and business development on approximately 240 hectares, to be completed by 2028. The project will consist of 20,000 workplaces and house 20,000 residents in 8,500 apartments. A large park with a 5-hectare lake will be located in the center of the area.

Challenges

  • Microsoft Excel, the predecessor system, involves manual processes with risk of erroneous data entries and faulty calculations.
  • Time-related adjustments as well as architectural changes (e.g. residential or commercial use) potentially impact the schedule and budget.
  • Different cost factors are associated with different types of development and use.
  • All costs must be allocated to individual development areas according to their source.
 

Solutions

  • Complete overview of all project costs to provide developer control and avoid misspending.
  • Application of costs by source to individual development areas in view of their complexity.
  • Insight into the real costs incurred by each building unit for expense reduction.
  • A comprehensive, continuously updated cost structure to control cost escalation in a project of this scale.
 

Results

  • Optimization of financial procedures through the application of cost by source to individual development areas.
  • Minimization of expenses through a better overview of costs and the ability to take corrective action earlier. 
  • Improved planning and budgeting security. 
  • A secure basis for planning and building decisions focused on the real costs of each building unit.

 

*Conject, which delivered this project, was acquired by Aconex in April 2016.

Back to projects

Related projects

Hospitality & Community

US$214 million
CMLC and MHPM Build Library on Top of Tunnel with Aconex

CMLC MHPM Calgary Central Library

With Aconex, it’s easy to see who got what and when.
Yamin Shihab,Senior Project Manager, MHPM

Residential & Commercial

US$6 billion
Symphony Park, a PPP urban redevelopment project in Las Vegas

Symphony Park

For project managers, data control is everything.

Sam Gladstein
Vice President, Operations