What We Do

IPA’s Latin America office, located in Curitiba, Paraná, Brazil, started operating in 2007, but our involvement with Latin America dates back more than 10 years. Our mission is to develop specific research on projects in Latin America and compare them with similar projects in the world to understand the particularities of the region, such as failure or success trends made more effective by certain factors. Because our analysis is based on the industry's actual experience with projects, it provides an empirically grounded, industry-wide benchmark for assessing and comparing project results and the quality of the project systems producing those results.

Latin America projects are often large and of high complexity. They often face constraints that are common throughout the region. Our empirical approach and extensive expertise on capital projects has given IPA Latin America an unmatched understanding of the issues surrounding projects developed in the region. We work to help our clients in South America understand the historical relationship among project characteristics, technology, and socioeconomic factors, and to successfully compete in today's global market by enabling more effective use of capital in their businesses.

The IPA global capital projects database includes about 1,270 projects executed in Latin America by national and multinational corporations in the following sectors:

  • Process Plants
  • Oil & Gas Production
  • Mining and Minerals Processing
  • Pipelines
  • Upstream
  • Megaprojects (projects in the several hundred million dollar range)

IPA’s Latin America office client base includes projects in various industries sectors with various sizes and levels of complexity.

Our Approach


IPA solutions are focused on the linking of project outcomes with their root causes and project practices. Actual industry project data are used to compare each project to the industry's best performing projects. The goal is to provide clients in Latin America with a numerical baseline marking the current performance of their projects.  Critical to the successful completion of each analysis is our unique databases of organizations and capital projects, combined with the ability to access additional industry and project information and a core competence in conducting capital project and project system research.


Over its 25 years of existence, IPA has created a comprehensive proprietary database of capital project histories, with over 7,000 projects consistently cataloged in a relational database management system. A wide range of companies and corporate business units are represented in the database.  For each project in the database, there are over 2,000 variables describing the history of the project from R&D through startup and into early production.  This is an important factor in identifying industry leaders and establishing credible benchmarks.



IPA provides capital project performance measurement, evaluation, research, and educational services for industry clients worldwide.

Exploration & Production
IPA has established itself as the world’s leading advisory firm on capital projects. An experienced cadre of E&P project professionals and researchers enables IPA to tackle clients’ most complex project issues.

Capital Project Evaluation
IPA uses its group of models and databases, known as the Project Evaluation System (PES®), to provide the following services to clients: Individual capital project evaluation; Competitive benchmarking; Capital project management system assessment over time.

IPA’s Project Research Division (PRD) brings a deep understanding of what drives the successful development and delivery of capital projects. Companies who turn to IPA’s research services receive practical insights and actionable recommendations to strengthen capital project business decision making, governance, and project development work processes.

Training & Education
The IPA Institute, a division of Independent Project Analysis (IPA), develops and delivers educational seminars to further IPA's mission to improve capital productivity. IPA Institute courses are derived from IPA's extensive research and quantitative analysis of capital projects, linking statistically proven Best Practices to business value.

Site and Sustaining Capital
IPA’s Site and Sustaining Capital services group is dedicated to improving the capital effectiveness of site-based project systems across all industrial sectors. Site and Sustaining Capital services cover site-managed small capital projects of several types valued US$10 million and less, including revamps, add-ons, expansions, turnarounds, and greenfield/co-located.

Organizations & Teams
The Organizations & Teams group offers services to help clients strengthen their capital project teams and make more effective use of information across all levels of a project organization. Work in this area spans all industry sectors, organization types, and project types and sizes.

Cost Engineering
The Cost Engineering group focuses on understanding what estimating practices drive capital project performance outcomes, based on the analysis of industry clients’ project evaluation and benchmarking data.

Subscriptions & Original Publications
Highly-focused original publications enable IPA to share with existing clients new research into critical areas of capital project development.

Project Assessment Software
The FEL Toolbox is software developed by Independent Project Analysis (IPA), Inc., that allows companies to self-evaluate the level of definition of small capital projects, ones valued US$20 million or less. Companies that regularly benchmark a cross-section of their small projects with IPA can license the software.

Regional Highlights

 Mining Cost Coding Structure IPA 750x225

Cost coding is not standardized across the mining industry. Mining companies have developed their own internal convention of how to group scope components and commodities into categories. Read More

No Measure, No Change: Project System Change Management Observations from the Field

For companies initiating capital project system change management efforts, having a measure of success is critical.

By Paul Barshop, Director, IPA Capital Solutions

I sometimes feel like a war correspondent embedded on the front line...

Read more ...
Improving Project Controls Competency: 3 Common Barriers Organizations Need to Overcome

By surveying more than 100 project control specialists in various industry sectors, IPA identified three barriers impeding project controls design and use.

By Isabel Bignon, IPA Research Analyst


The capital projects Industry is stuck in a rut in terms of design and proj...

Read more ...
Effective Site-Based Project Portfolio Execution Requires Owner, Contractor Staffing Balance

By measuring site project performance and hiring the right owner personnel, site-based capital investments can deliver greater value for business.

By Lucas Milrod, Deputy Director of Research, IPA Organizations & Teams Services
and Jay Russo, Research Analyst, I...

Read more ...

Key Contact

astor smallAstor Luft
Regional Director, Latin America

As Regional Director of IPA's Latin American operations, Astor Luft is responsible for continuing to strengthen IPA’s relationship with global and local clients in the region, with a focus on developing and improving the effectiveness of their capital project systems



Rua Deputado Heitor Alencar Furtado, 3415,
Edificio Montelig - 4o andar
Campo Comprido
Curitiba - Paraná - Brasil

Main Phone

+55 41 3028 9028







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