A more comprehensive, innovative approach to managing complex projects.
Innovative Strategies for Managing Complex Projects (R10)
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Challenge
Sound decision making leads to successful project completion in a rapid renewal environment. Complex projects demand strong partnerships between transportation agencies, contractors, consulting engineers, and stakeholders. With engineering, economic, and environmental issues becoming more challenging, reliable and innovative project management strategies are essential to successfully complete complex projects on time.
Solution
A five-dimensional project management method (5DPM) has been developed that adds project context and funding mechanisms to the three standard factors of cost, schedule, and engineering requirements. This process ties stakeholder success to project success, encouraging innovation and changes in standard management practices. The guide supports sound decision making in rapid construction environments.
Benefits
5DPM accounts for external factors; considers projects to be iterative rather than linear; schedules projects to create value; encourages innovation, hybrid contracting, and relational partnering; and emphasizes that each complex project has its own set of performance goals. This process addresses and enables a systematic management approach that speeds decision making, increases turnaround times, addresses complex issues, and expedites government approvals for rapid renewal projects.