Contracting Solution for Long-term Mega-projects

As the number and size of mega-projects continue to increase across all sectors of the capital projects industry, one fact stands out: they tend to underperform more often than not—whether because they fail to keep within their approved budgets, follow their approved schedules, or meet their premised business objectives.

RT-315 was formed with the primary purpose to identify what changes in project planning and execution are needed to increase the likelihood of mega-project success. The objectives of this research include:

   Describe the current state of the art for mega-project delivery, identifying current planning and execution practices used on mega-projects.

   Identify and prioritize the primary contributing factors of good and bad performance on mega-projects.

   Identify any changes needed in planning and execution practices to address these primary contributing factors and improve performance.

   Develop any appropriate tools to support proactive mega-project planning and execution.

The research identifies the 34 impact factors that have higher frequency and greater impact on mega-projects. RT-315 developed a tool that includes recommendations for managing and mitigating the impact of each of these 34 impact factors.