Five tips from Parsons to reduce risk on alternative delivery model projects

construction-megaproject-tipsOver the past decade, the size, expense, and number of organizations working on engineering and construction (E&C) projects has grown exponentially, spawning a new species dubbed “megaprojects”.

The risk inherent in megaprojects is massive. In many cases, mitigating “mega-risk” on these projects require alternative delivery methods – such as joint ventures (JVs) and public-private partnerships (P3s) – to prevent a single organization from shouldering the burden of risk alone.

So, how can you tackle a megaproject with the help of alternative delivery models?

Hans Hoppe, the Director of Project Risk at Parsons (one of the world’s largest leading engineering and construction organizations) recently hosted a webinar with Aconex. Hans shared five steps to ensuring successful delivery of alternative delivery projects. They include:

  1. Adopt a collaborative leadership mindset
    A committed and enthusiastic leadership team will help set the tone for their cross-organizational project team– often scattered across the globe—to follow. Leaders should encourage their organization to adopt new construction project management software and share timely, cross-functional program information.
  1. Develop a program-wide document repository
    During project kick-off, Parsons relies on a project-wide document repository as a crucial element to mobilizing their projects. With this new project management standard, they invalidated a claim in less than 24 hours by swiftly accessing pertinent documentation.
  1. Implement flexible systems
    Relying on offline processes to manage megaprojects poses major risks. Manage your processes via an easily-configurable project-wide system instead. A flexible, cloud-based system provides faster visibility into your progress and performance across your entire portfolio.
  1. Select neutral systems
    Project teams collaborate best without barriers. With a neutral system, no single company controls the information. Each organization has their own secure space and can easily share what they choose to with others. Software adoption rates are high because a neutral system helps everyone.
  1. Begin with the end in mind
    Avoid errors, rework, and disputes by selecting a system with the flexibility and functionality to support your entire project team. An efficient and unalterable project record created at the beginning of your project will help support operations and maintenance for decades to come.

Want to learn more? Click here to listen to the complete recording.

Corie Cheeseman

Corie Cheeseman

Content Marketing Manager at Oracle's Aconex
Corie Cheeseman is a Content Marketing Manager for Oracle's Aconex, a leading collaborative construction and engineering management software.
Corie Cheeseman