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Enhancing Innovation in the EPC Industry: Industry Implementation Studies

Publication No
RS243-1a
Type
Research & Development Product
Publication Date
Dec 01, 2010
Pages
31
Research Team
RT-243
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
This report summarizes the Phase II research on innovation performed by RT 243—the work performed and the data collected during the team’s one-year extension period. While the research methodology, data, and conclusions are new, the report summarizes
Key Findings

The case studies provided concluding effectiveness of the innovation tools and recommendations for improved innovation. 

  • The IMM data from the four organizations included in this report reveal there is a great level of consistency in the strengths and weaknesses among the case study firms.
  • The common areas requiring greater focus are the areas of Resources and Risk Perspective.
  • Similarly, the common areas of strength found in the organizations are in the areas of Culture and Learning.

The concluding solutions is that five sets of strategic actions should be aggressively pursued in order to enhance innovation within the EPC organization. (RS243-1a, pp. 27, 29)

  1. Build a learning culture.
  2. Focus on the customer.
  3. Establish processes.
  4. Change the persepective on risk.
  5. Focus on specific initiative.
Filters & Tags
Knowledge Area
Business and Project Processes, Project & Program Management, Project Organization & Communication
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Construction, Commissioning & Startup, Risk Management, SBU/Corporate Functions
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Enhancing and Expanding Innovation in the Engineering & Construction Industry
Keywords
Innovation, Leadership, Culture, Resources, Risk Perspective, Customer Focus, Learning, Collaboration, Processes, Innovation Maturity Model, Economic Model, rt243

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