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Events by IPA
Lansdowne Resort, Leesburg, Virginia USA
November 18-20, 2013
The Upstream Industry Benchmarking Consortium (UIBC) provides an independent forum for each participating company to view its performance against the performance of other companies. The consortium highlights Best Practices, reinforcing their importance in driving improvements in asset development and capital effectiveness. Consortium attendees learn ways to improve specific elements of capital project execution through presentations and other more interactive discussions.
All of those who have attended the UIBC meetings agree that it is an extraordinary forum for several reasons. First, the companies agree to be explicitly compared (by name) on the key metrics of project system performance such as cost and schedule, Front-End Loading, and many others. This comparison enables each company to see where it is situated in relation to its peers. Second, UIBC participating companies share information about their practices that is pointed and detailed.
UIBC, which is sponsored by IPA as an independent third party, is governed by a Code of Conduct, and carefully adheres to its published agenda. Therefore, the UIBC easily passes muster on antitrust. The UIBC Charter requires adherence to the Code of Conduct, and has been agreed to and strictly followed by all UIBC members.
The UIBC agenda is developed with the guidance and input of the UIBC Steering Committee. The centerpiece of each conference is the sharing of asset development outcomes and practices of the participating companies. The UIBC has two metrics sessions. In addition, there are sessions covering Best Practices, current and ongoing IPA research, and individual company experiences.
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