Civil infrastructure, energy and industrial projects are complex dynamic systems that challenge the capabilities of today’s approach to project delivery. Massive project cost overruns, schedule delays and increasing claims are prevalent in these industries and demonstrate the impact of inefficient management approaches.
Conventional project management focuses on controlling functional processes such as cost and time reporting, forecasting, risk analysis, document management and procurement. All of these functions are required for managing a project, but are not the only activities required to ensure a successful outcome.
Instead of relying solely on conventional project management approaches, companies can better control cost and time, reduce risk, eliminate safety incidents, and enhance quality by managing projects as production systems.
The principles of Production Management have been extensively researched and documented by Operations Science and Industrial Engineering researchers and practitioners and have been applied successfully in the manufacturing sector and other sectors for decades. Although application of Production Management to project delivery has created significant value for those who have properly implemented it, this approach has yet to be adopted as the standard practice.
Purpose
PPI’s purpose is to increase awareness of PPM theory, promote adoption of PPM practice in industry, and support educational programs that teach PPM principles.
Vision
Massive capital project cost and schedule overruns no longer occur.
Energy, industrial and civil infrastructure organizations are creating customer and shareholder value through efficiently delivering their projects
Industry practitioners use PPM as a standard element of project delivery
PPM is a core element of academic research and instruction
Values
Accuracy: We operate based on a technically sound scientific approach
Accountability: We hold ourselves to a standard of excellence
Integrity: We will not plagiarize other’s work, we properly cite the work of others
Respect: We respect those who have developed and further established the foundation upon which PPI exists
Results: We deliver on our commitments
Business Model
PPI’s business model is based on a not for profit approach. Any proceeds over and above basic operating costs are used to fund further research.