IPA has used its internal databases to identity project drivers in different parts of the globe. The goal of these studies has been to answer one question: “What is the true cost of executing capital projects in this part of the world?” This question is answered by correlating industry-wide Best Practices along with quantifying regional-specific risk factors. The regions that have been investigated include Alaska, Brazil, Chile, China, Colombia, India, Singapore, the Middle East, Western Africa, Western Australia, Western Canada, and the U.S. Gulf Coast (USGC).
First-to-region and experienced project organizations have used the Regional Cost Studies to gain a better understanding of regional differences in the execution of capital projects. The first-to-region organizations have the opportunity to make adjustments to their standard approach of executing projects given the information in the studies. At the same time, our experienced clients have the ability to compare the project drivers and performances of these more challenging regions with that of projects executed in less volatile markets. As a result of the increased knowledge, our clients have the ability to make sound business decisions regarding potential expansion or diversification.