This presentation proposes a model for project performance review, and builds upon a body of previously published works and conference presentations. It was developed in response to escalating demand from owners and practitioners for a model they can apply on their own projects. The project performance review model focuses on how leading management practices can be put in place and periodically evaluated, to give stakeholders confidence in the control and delivery of projects. The model enables quantitative findings, through a systemic component intended to provide assurance through data validation, while qualitative recommendations are the result of a substantive evaluation component that considers the achievement of goals and avoidance of risk. The model is designed to be modular and flexible, adaptable to both industry and situation, while satisfying regulatory constraints and requirements, meeting stakeholder expectations regarding rigor & depth, and including customized investigation of the traditional "three E's" of performance (economy, efficiency, & effectiveness). The research is based on the analysis of 700 construction projects that were collected as part of a doctoral study, two decades of practical experience in both project management & project controls, an extensive literature review and leading practices gathered from around the globe on project performance, assessment, evaluation and quality assurance.
Duration: 1 hour | PDHs: 1 | Subscription: Members Only
Presented by: Dr. Alexia Laneway, FRICS, CCP, CCA