Front End Planning for Industrial Projects: Identifying the Reasons behind Schedule and Cost Overruns Using the New PDRI MATRS
Publication: Construction Research Congress 2022
ABSTRACT
The Project Definition Rating Index (PDRI) Maturity and Accuracy Total Rating System (MATRS) tool was developed to guide front end planning (FEP) implementation, help project teams identify gaps in their project planning, and ultimately improve project outcomes. This said, not all elements of FEP are created equal. The purpose of this paper is to share specific factors found to impact cost increases and schedule delays. The results are based on a statistical analysis of project data collected from 32 industry experts representing owners and contractors. FEP factors found to impact costs growth included lack of definition of market and project strategy, equipment, procurement, commissioning, labor costs, as well as scope creep. Factors affecting schedule change included lack of definition of procurement, detailed design/engineering, risk management, permitting, commissioning, surveying, and again scope creep. Guidance to utilize PDRI MATRS will be given to practitioners concerning consistent and reliable decision-making early in the project lifecycle.
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Construction Research Congress 2022
Pages: 883 - 891
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Published online: Mar 7, 2022
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