subject: Innovative project delivery at time to market [print this page] 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.
