7
TEAM 1 Share All Project Risks

TEAM 1 Share All Project Risks

  • Upload
    hue

  • View
    24

  • Download
    0

Embed Size (px)

DESCRIPTION

TEAM 1 Share All Project Risks. Implications - DBB. Architect develops and complete bid documents prior to construction review Project has a short and discrete bid phase Contractor constructs project based on contract Rigid change process Client/Owner has limited involvement after design. - PowerPoint PPT Presentation

Citation preview

Page 1: TEAM 1 Share All Project Risks

TEAM 1

Share All Project Risks

Page 2: TEAM 1 Share All Project Risks

Implications - DBBArchitect Contractor Client/Owner

Risk Level Low High Medium

Behavior Delivery and Done Lowest cost and fast delivery

Holds other parties accountable

Focus Design and Aesthetics

Time and Cost Satisfactory Conclusion

• Architect develops and complete bid documents prior to construction review• Project has a short and discrete bid phase• Contractor constructs project based on contract• Rigid change process• Client/Owner has limited involvement after design

Page 3: TEAM 1 Share All Project Risks

Implications - DBArchitect Contractor Client/Owner

Risk Level High High Medium

Behavior Collaboration with Contractor

Collaboration with Architect

Holds other parties accountable

Focus Design, Cost and Implementation

Construction, Cost and time

Satisfactory Conclusion

• Architect develops and complete construction documents collaboratively• Project has no bid phase• Contractor and Architect share benefits• Collaborate change process• Client/Owner has limited involvement in design

Page 4: TEAM 1 Share All Project Risks

Implications - IPDArchitect Contractor Client/Owner

Risk Level Medium Medium Medium

Behavior Collaboration with all Parties

Collaboration with all Parties

Collaboration with all Parties

Focus Design, Cost and Implementation

Design, Cost and Implementation

Design, Cost and Implementation

• All parties have same level of risk• IPD Agreement must be signed prior to project initiation• Architect, Contractor, and Client/Owner share benefits• Collaborate change process with all parties

Page 5: TEAM 1 Share All Project Risks

IPD AdvantagesConstruction Projects

• Common goals that are agreed in advance between the Architect, Contractor, and Client/Owner

• Shortened feedback loop• Shared risks provide incentives to

resolve conflicts and complete project• End goal is the focus vs. financial gain• Reduced project waste• Reduced schedule time

IT Projects

• Common goals that are agreed in advance between the Designer, Developer, and Client/Owner

• Shortened feedback loop• Shared risks provide incentives to

resolve conflicts and complete project• End goal is the focus vs. financial gain• Reduced project waste• Reduced schedule time

Page 6: TEAM 1 Share All Project Risks

IPD DisadvantagesConstruction Projects

• Architect and Client/Owner have increased risk levels compared to DBB

• Less individual accountability amongst parties

• Increase reliability on Client/Owner• Increase susceptibility to scope creep• Architect has higher financial risk• Contractor has less opportunity to make

additional profits

IT Projects

• Designer and Client/Owner have increased risk levels compared to DBB

• Less individual accountability amongst parties

• Increase reliability on Client/Owner• Increase susceptibility to scope creep• Designer has higher financial risk• Developer has less opportunity to

make additional profits

Page 7: TEAM 1 Share All Project Risks

Challenges• Early commitment from all parties• Trust• Frequent meetings, coordination and collaboration• IT Projects conducted in virtual job sites• Reliance on arbitration and cooperation over legal recourse• Requires modeling technology

• Construction projects require rapid visual models• IT projects require rapid workflow and data modeling

• Change process requires rapid evaluation and decision making• Achieving waste reduction without increasing the project scope or project schedule• High tech and standardized technology across all parties