The research team identified key performance ratings that affect various aspects of projects. These metrics and examples of what an owner can do to positively affect the ratings are listed below. The complete list can be found in the reseach materials: (RS204-1, p. 15)
Duration Performance Rating
- Limit owner initiated scope changes that increase the project duration
- Focus on the owner’s expectations and motivate the team to achieve those expectations
Cost Performance Rating
- Focus on scope adherence
- Limit the impact of unforeseen site conditions
Business Performance Rating
- Thoroughly plan the capital expenditures prior to project selection
- Continually update the business plan
Quality Performance Rating
- Monitor labor market conditions that could impact project duration
- Use qualified professionals to review both construction methods and procedures
Project Success Rating
- Foster communications among team members
- Be prepared to handle unforeseen market conditions that may impact material prices or availability increase the original contract amount