Best Practices in Scope Definition for Small Capital Projects
BoK Content Type:
Presentation Slides
Presentation Paper
BoK Content Source:
MainTrain 2016
Original date:
Wednesday, September 21, 2016
Poor scope definition is the leading cause of capital project cost and schedule overruns, and small projects are no exception. Small capital projects with limited complexity represent up to 70% of the projects in an organization’s capital program, yet minimal emphasis has historically been placed on adopting front end planning and scope definition best practices. For over 20 years, organizations around the world have utilized the Project Definition Rating Index (PDRI) methodology to improve scope definition in capital projects. It is the most successful open industry standard available and proven to deliver increased cost and schedule certainty, with over $96 billion in projects benchmarked by the Construction Industry Institute (CII). Over the past two years, CII has published two new PDRI templates to help organizations improve scope definition in small industrial and infrastructure projects.This presentation will introduce the PDRI methodology and explain how it is being used in small projects to successfully:- Improve cost and schedule certainty- Increase team alignment- Identify gaps and provide teams with action items- Provide better transparency on risks