Energy projects operate successfully when they are planned and executed by a single, collaborative project team with the same objectives, responsibilities, and risks.
IPD as a strategy is widely implemented across complex European projects, and, more recently, innovations on North American soil. In conventional project development and delivery models, contractual structures are developed according to the interests of individual parties. As a result, increased costs and repeated delays can arise as these independent parties pursue independent goals.
Through transparency, early vendor integration, and mutual incentive structures that ensure potential profits and risks are shared equitably, IPD stands to change how project developers approach the challenges and delivery of complex energy projects.
Aligning the interests of all stakeholders to optimize project outcomes through shared vision, risk, and reward.
Integrating subject matter experts, vendors, and the project management team alongside owners and stakeholders ensures visibility and insight across the entire project spectrum.
Aligning the terms of success between all players ensures the development of a solid and equitable action plan.
Leveraging expertise and consistent reporting throughout the entire project life cycle ensures cost control and faster delivery.
Solid foundations make for solid builds. With key players collaborating from the project’s outset, potential challenges may be addressed and mitigated early.
Cost certainties are shared across every project stakeholder, incentivizing collaboration and ensuring optimal team performance.
Integrated vendors and stakeholders reduce redundancies, open new opportunities for collaboration, and ensure a joint commitment to success.
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