Innovative project delivery at time to market

Innovative project delivery at time to market

Introduction

Many countries around the world are attempting to answer the key challenges to meet the time to market that are essential to the economic stability within their respective countries. Society is rapidly changing and public clients are trying to meet the critical needs of this fast-paced society. Infrastructures, cost escalation, limited resources, productivity, acute regional development, environmental issues, and sprawling growth are causing concern to the management and administration. These are strong incentives for seeking alternative and innovative means to procure the main foundations of society and maintain economic stability. In addition, we have to deliver our products at time to market by putting some innovative ideas. This method is called Innovative Project Delivery at Time to Market.

Description

This attempts to demonstrate practices and methods that can be utilized by client organizations to more effectively secure products and services. The goal is to share some of the most innovative or at least the most progressive methods used in several countries. It is important to distinguish between the delivery methods used for Capital Projects and Maintenance Contracts.

Innovative maintenance contracts can be categorized by the following

Traditional 3 5 year duration

Hybrid type contracts

Longer term maintenance contracts

Advantages

Cost savings

Fully integrated client services

Transferring risk

Better asset management

Better level of service

Patnering potential

Developing a new industry

Benefits of economy scale

Global experience

10. Idea suggestion

Disadvantages

Cost tendering

Long tendering period

Reduction of competition usually for large contractors

Uncertainity of long term relationships

Mobilization issues need to be addressed

Loss of control and flexibility

Delivery methods

Basically, three delivery methods or models for capital investment projects. These models are:

Team discussion (Brainstorming)

Mock up (Trystorming)

Design-Bid-Build (D-B-B)

Design-Build Method

In addition, we have to concentrate on time management also. Implement all the methods and see a method which gives less cycle time.

Conclusion

Quality is an important aspect in contracts and it is imperative to stipulate quality assurance and quality control measures in new projects. It is typically the function of the client to develop the quality assurance requirements and the contractor to provide the quality control measures. It is not practical in this study to explain the different quality requirements of each country. However, it is important to acknowledge that all countries have quality systems and practices in place for both capital and maintenance procurement. How each country approaches quality varies, and it depends mostly on the accepted development and practices.

Hence, a method which meets quality, time management and competition by innovative is called Innovative Project Delivery at Time to Market.

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