PTAG Presentation for CURT® Lean Project Delivery Summit on 2021, May 3rd on Industrial IPD (I2PD) Application vs Traditional IPD Approach

Bruce Burwell, PTAG’s Partner for Capital Projects, was honoured to present today on Industrial IPD Application vs Traditional IPD Approach at the Construction Users Roundtable CURT® Lean Project Delivery Summit. He was also one of the panelists for the Panel Discussion on IPD Approaches and Components. This direct and to-the-point presentation talks about the difference in approaches of Traditional and Collaborative contracting strategies, the evolution of I2DP, its usage, and its implementation.

This presentation was originally presented at CURT Lean Project Delivery Summit on May 3rd, 2021.

Interested in downloading the slide deck? Click here for Direct Download

Industrial Integrated Project Delivery (I2PD) is an approach of balancing nine principles to promote team collaboration and integration of work processes and systems to optimize project outcomes.

COMMERCIAL IPD – Collaboration Principles

1. Continuous Communication and Issue Resolution Process

2. Jointly Developed and Validated Targets

3. Access to Shared Information Systems

4. Early Involvement of Stakeholders

5. Collaborative and Equitable Decision Making

ALLIANCING – Integration Principles

6. Financial Transparency among Key Participants

7. Shared Risk and Reward

8. Relational Contracting, Multi-party Agreement

9. Negotiated Risk Distribution

How the traditional and Collaborative contracting strategies differ in their approach:

Traditional ContractingCollaborative Contracting
Start the project like last time but hope for better resultsBuild better. Set project goals with the project team.
Each trade does their own thingDeveloped by the team. Adjusted daily by the last planners.
Always looking for the lowest bidderBuild a team very early. Use it to drive success.
Expect some delays and overages.On-time. On Budget. What the client needed.

Commercial IPD has been proven to have a superior performance in metrics related to quality, communication, and change performance. Some of the noted benefits of I2PD:

  • Optimum & Faster designs
  • Integrated and accelerated execution
  • Improved cost certainty
  • Improved schedule certainty

In the COVID-19 times, I2PD is a good approach for quickly planning and executing capital projects as government and industry relaunch the global economy.

To learn more please contact us.

Interested in downloading the slide deck? Click here for Direct Download.

Originally recorded: May 3rd, 2021

For more information on CURT please visit them at https://www.curt.org/.

PTAG Presentation for CURT® Lean Project Delivery Summit on 2021, May 3rd on CII Research: Case Study – Lean management principles & their impact on successful project delivery

Bruce Burwell, PTAG’s Partner for Capital Projects, presented a session on Case Study – Lean management principles & their impact on successful project delivery at CURT Lean Project Delivery Summit. This in-depth presentation offers a good understanding of I2PD with the help of a case study and researched data.

This presentation was originally presented at CURT Lean Project Delivery Summit on May 3rd, 2021.

Interested in downloading the slide deck? Click here for Direct Download.

Presentation’s agenda:

  • Why I2PD
  • CII I2PD Phase One Research
  • Case Study
  • Big Room
  • Joint Risk Assessment & Pool
  • I2PD Cost
  • Tools & Templates
  • I2PD Critical Success Factors
  • I2PD Benefits
  • CII I2PD Phase Two Research

Overview of PTAG’s Case Study – Collaborative Contracting Schedule, Cost and Scope Improvement Using Industrial Integrated Project Delivery – I2PD

CompanyIndustryCategoryProject Budget
Major Power GeneratorHydro Electrical GenerationConstruction$115M
GoalObstaclesSolutionResults
Provide Cost and Schedule certainty while maintaining quality and safety on a major 8 year, 8 generating unit hydro power stationOperating power plant with numerous other dam safety and powerhouse projects all vying for space in a live operation environment. Four key suppliers needed to act in tight highly orchestrated time frame to reduce outage timeSelected 4 suppliers using traditional contracting methods for competitive bidding. Winning suppliers entered  into an 8 year Multi-Party agreement with owner to develop final eng, construction plans with integrated cost, schedule & risk plans7 month reduction in procurement time, 32% percent cost reduction, 36% execution schedule savings, integrated project management and trades teams, safety, quality and reporting. 100% profits at risk with shared savings

Refer the presentation for the in-depth details of this case study where we discuss the goals, obstacles, solution, process, and results.

If you would like to learn more about I2PD please contact us.

Interested in downloading the slide deck? Click here for Direct Download.

Originally Recorded: May 3rd, 2021

For more information on CURT please visit them at https://www.curt.org/.

Video Recap – CIM Virtual Convention 2021, May 3rd: The Importance of Front-End Planning and Leveraging Industry Best Practices to Minimize Project Risk

Watch this video recap, as Feroz Ashraf, PTAG’s Executive Advisor for Capital Projects, presents this direct and to the point session providing practical and validated examples on “The Importance of Front-End Planning and Leveraging Industry Best Practices to Minimize Project Risk” at CIM 2021

This is the video recording of the presentation which was originally presented at the Canadian Institute of Mining’s Annual Virtual Convention CIM 2021 on May 3rd, 2021.

Globally, including North America, most capital and sustaining projects have been impacted by COVID and resulting economic slowdown. Projects are also experiencing significant productivity impacts due to the new normal COVID working conditions, as well as increasing emphasis on safety, security, and regulatory compliance.

Due to budget cuts, project and construction teams have been reduced by 30% or more. Across the board, our industry is also seeing increases in material and equipment costs due to COVID with commodity price volatility and supply/demand uncertainty presenting additional challenges.

To mitigate these issues the project team must further increase the use of the Front-End Planning process, deploy industry best practices, conduct extensive value engineering exercises, as well as thorough internal and external risk assessment process. In doing so, the Construction Industry Institute (CII) has established through its industry research that a significant saving can be achieved and gain in productivity:

  • Every $1 spent on Front End Planning saves $25 in Execution & Commissioning.
  • High use of Constructability results in up to 6% Cost improvement and reduces project Schedule by up to 7.5%.
  • “Fit for Purpose” Contracting & Partnering Strategy provides Owners with up to 9% in cost improvements.

Interested in downloading the slide deck? Click here for Direct Download.

Find out more about the event here: The Experience (cim.org)

Video Recap – CIM Virtual Convention 2021, May 3rd: How to Plan and Execute Capital Projects in Volatile and Uncertain Times

Watch this video recap, as Feroz Ashraf, PTAG’s Executive Advisor for Capital Projects, presents this direct and to-the-point session on “How to Plan and Execute Capital Projects in Volatile and Uncertain Times” at CIM 2021.

This is the recap video recording of the presentation which was originally presented at the Canadian Institute of Mining’s Annual Virtual Convention CIM 2021 on May 3rd, 2021.

Globally, including North America, most capital and sustaining projects have been impacted by COVID-19 and the resulting economic slowdown. Projects are also experiencing significant productivity impacts due to the new normal COVID working conditions, as well as increasing emphasis on safety, security, and regulatory compliance.

The presentation focuses on below key areas:

  • Impact of COVID-19 Globally
  • Challenges Faced by the Mining Industry
  • Failure as an Industry to Perform and Deliver Projects
  • Top reasons why projects go off-track.
  • Front-End Planning – what, why, how? and Leveraging Industry Best Practices
  • Why a Disciplined Stage-Gate Process is Critical?
  • Project Set-up / Project Management and Project Controls Handbook
  • Example of Project Complexity Model and Project Delivery Model (PTAG tools)
  • Why De-Risking the Project, Defining Proper List of Deliverables and Execution Plan are important.

Interested in downloading the slide deck? Click here for Direct Download.

Find out more about the event here: The Experience (cim.org)