IPA provides capital project performance measurement, evaluation, research, and educational services that are responsive to the needs of industry clients in Australia and the Asia-Pacific region.

What We Do

Highly regarded for its expertise in evaluating onshore and offshore exploration and production (E&P) asset development projects and mining, minerals, and metals (MMM) projects, IPA has evaluated many other types of capital projects—from large “megaprojects” to small plant-based projects—throughout the region. They include: commodity product and specialty chemicals plants; pharmaceutical facilities; and energy, manufacturing and process sites; and hydrocarbon processing systems; and midstream oil and gas gathering systems, treatment, and transportation projects.

In addition, government offices have turned to IPA to provide autonomous and impartial analysis and findings into the performance of various national industrial sectors.

Two main offices located in Singapore and Australia and a satellite office in China manage IPA services for clients. Each office provides the full range of IPA services—project benchmarking, organization and team effectiveness evaluations, small site-based project performance assessments, industry research, education seminars, and more. Notably, the Australia office serves as IPA’s global knowledge center on MMM projects.

IPA analysts, experienced in large and small industrial capital projects and regional project system Best Practices, are able to meet with business and project team members in Asia and Australian face to face, enabling the expedient collection of project data and delivery of prepared empirical data that can be used in strengthening project selection, development, and execution processes.

Our Approach

More than a decade of experience evaluating hundreds of large and small capital project and project systems throughout the Asia-Pacific region has given IPA an unmatched understanding of how companies can use project capital in the region more effectively to preserve shareholder wealth.

Proprietary project cost data (labor, equipment, bulk purchases) and market forecast models specific to markets in Australian and Asia give IPA clients powerful business and project intelligence.  Business professionals, project managers, and cost estimators gain visibility into what factors are driving project costs in several process and manufacturing industries, including exploration and production (E&P), commodity and specialty chemicals, and pharmaceuticals, among others.

IPA’s clients in the region also gain from the knowledge IPA gleans from hundreds of interviews and surveys of business and program managers. This project knowledge serves to strengthen empirical research and training courses conducted by IPA’s research division and its education arm, the IPA Institute.

IPA has long been recognized as the industry authority when it comes to helping companies develop a detailed understanding of a project’s scope that meets the business needs through the implementation of a phased work process for capital project development—often referred to as Front-End Loading (FEL). IPA has identified Best Practices for FEL that drive project cost and schedule performance in all industries.


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 systems 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.

Notable capital project studies in Asia include:

  • Managing engineering quality for Local Design Institutes in China
  • Contracting trends
  • Chemical industry project performance
  • Setting up projects for FEL – Western way versus Chinese way
  • Successful joint ventures
  • Lessons from first-to-region projects 


Industrial Sector Performance Studies for Government Offices – IPA has conducted special studies for government offices in the region, including the Australian Defence Materiel Organisation and the Victorian Government Department of Treasury and Finance, both of which compared practices on Government projects to private industry projects. IPA has also prepared papers for the Business Council of Australia (BCA) that formed part of BCA submissions on capital project performance in Australia compared to other parts of the world.

Singapore PCM Sector Benchmarking: IPA has developed a uniform system of measurements for assessing construction and maintenance productivity, including capital and labor productivity for Singapore’s process construction and maintenance sector. Part of an Economic Development Board of Singapore initiative to improve Singapore’s PCM sector productivity, IPA is responsible for benchmarking productivity in the sector and providing recommendations for improvements

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

 Airport Construction Maintenance Project IPA 1200x627

The construction and renovation of airport terminals and flight operations facilities worldwide represents a large portion of the capital being spent on infrastructure projects today.  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 ...
IPA, Clients Collaborate in Creating Unified Cost Coding Structure for Mining & Minerals Industry

At the AACEI 2017 Annual Meeting, IPA Manager of Mining, Minerals, and Metals Baqun Ding introduced a new cost coding structure developed by IPA and clients.

Cost coding is not standardized across the mining industry. Mining companies have developed their own internal conve...

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

Rolando Gachter

Rolando Gächter
Regional Director, Asia-Pacific

During his 17+ years at IPA, Rolando has held various roles across the company, including Business Area Manager for both IPA’s Mining, Minerals, and Metals and Exploration and Production business areas. Although he specializes in energy and minerals extraction projects, Rolando has also performed large-scale project system benchmarkings for major oil and natural gas producers and reviewed over 100 major capital projects worldwide in the petroleum exploration and production and mining sectors covering over $5 billion in capital expenditures. He also serves as a Senior Instructor of the IPA Institute and has presented at various conferences and seminars across the globe.


No. 1, International Business Park
#10-02, The Synergy
Singapore, 609917

Main Phone

+65 6567 2201


Petros KapoulitsasPetros Kapoulitsas
Office Director, Australia


Petros heads IPA’s Australia operations. During his time at IPA, Petros has reviewed projects throughout the Asia-Pacific region, South Africa, the Middle East, and North America, including petroleum refinery upgrades, integrated mine and facilities developments, onshore E&P projects, and LNG developments. In 2013, Petros was the Principal Investigator of a first-of-its-kind joint industry study into the sustaining capital allocation practices and expenditure norms for operating sites across the mining, minerals, and metals sector. Prior to joining IPA, Petros spent 10 years in a variety of operations, technical support and supervision, process improvement, commissioning, and project development and management roles in the resources and chemicals sectors. Petros holds a BE in Chemical Engineering (Honors) from the University of Melbourne.


Level 2, Suite 2, 192 High Street
Northcote, Victoria 3070, Australia

Main Phone

 +61 3 9458 7300













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