Individual Project Evaluation

Understand Your Project’s Risks, Readiness, and Performance

Capital project performance can be predicted by understanding the empirical relationship between project drivers and outcomes. IPA’s broad understanding of what makes capital projects successful is made possible by detailed data amassed directly from thousands of capital projects. We perform risk assessments and benchmarking evaluations at every stage in the project life cycle, using our data and insights to help project teams understand likely outcomes, key issues to address, and readiness for the next stage.

Project Regional Risk Analysis & Country Profile

Accurately Assess Regional Risks

Understanding local risks is critical for owner companies to select the best opportunity to meet business needs. Bolster the selection process with detailed and unbiased data to accurately assess regional project risks.

Megaproject Shaping Study

Shape the Project to Stack the Odds of Success in Your Favor

Two-thirds of all industrial megaprojects are failures, collectively suffering billions of dollars in overruns, construction delays, poor safety performance, and insufficient operational performance once completed. Megaproject failure is driven by shaping gaps in addition to planning and design gaps. Identify gaps in the shaping process that must be addressed in order to stabilize the project environment and enable project success.

Business Front-End Loading (FEL) Analysis

Drive Business Case Accuracy to Improve the Probability of Success

With limited resources, project organizations seeking competitive advantage must focus on defining only those capital projects that are most likely to deliver successful business outcomes. Boost the decision-making process by quantifying the key risk factors early in the project life cycle.

Project Team Optimization (TeamOp)

Build, Organize, and Align Your Project Team to Perform

A project team that is improperly staffed, organized, and misaligned will deliver disappointing project cost, schedule, operability, and safety results. Leverage IPA’s Organizations & Teams Database and internal expertise to build a high-functioning project team that is positioned for success.

Pacesetter (PAC) Evaluation

Develop a Robust Business Case for Your Project

Is your project ready to proceed to FEL 3/FEED? A PAC Evaluation informs the decision-making process by providing insights on the competitiveness of project targets and identifying risks to successful project completion.

Prospective Evaluation (PRO)

Identify and Mitigate Risks Before Project Execution

Is your project still a good investment for full-funds authorization? A PRO Evaluation informs the authorization process by identifying risks to project success based on the status of project definition and assessing cost, schedule, safety, and operability targets relative to industry benchmarks.

Construction Readiness Assessment (CRA)

Is Your Project Ready to Begin the Most Expensive Phase of Development?

Nearly one of every three capital projects begins field construction too early, which contributes to execution inefficiencies. Have your project execution plan and execution status assessed by experts to identify and mitigate risks before starting construction.

Mid-Execution / Recovery Analysis

Get Your Troubled Project Back on Track

It is not uncommon for a project to go “off the rails” in mid-execution with cost overruns, schedule slip, and team development issues. Identify the issues that took your project off course and minimize risks moving forward to get the project to completion.

Production Readiness Assessment (PRA)

Prepare Your Facility for a Successful Transition to Operations

The process of transitioning a facility into an operating asset is challenging and carries significant risk. Identify and eliminate gaps in planning to prepare your facility for a smooth transition to operations.

Closeout Evaluation (CLO)

Understand Your Project’s Performance

Measuring project performance is critical to establishing effective continuous improvement initiatives and driving competitive capital deployment. Compare your project outcomes to its targets and the outcomes of similar projects within Industry, and gain an understanding of the factors that fundamentally drive your project’s performance.

Operability Analysis

Is Your Facility’s Early Production Performance Up to Par?

Early operational performance has a strong influence on project economics. Benchmark your facility’s production performance in its early operation stage to understand this key driver of project value.

Key contact

View René Klerian-Ramírez’s profile

René Klerian-Ramírez

Product Development Leader, Project Evaluation System

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