Construction Strategic Project Readiness Assessment

Abstract

Proper use of construction strategic management consists of strategic planning for controlling the implementation of strategies during front-end planning (FEP). To improve FEP effort, industry best practice instrument, i.e., Project Definition Rating Index (PDRI) has been used to ensure continued alignment and focus on strategic project priorities. This study proposes a methodology for creating a SWOT (strengths, weaknesses, opportunities, and threats) analysis of big post-mining data from organizations that have implemented PDRI, as a standardized tool used across capital project portfolios. The results show that the proposed methodology has the potential to improve project success when applied as a benchmark of baseline conditions, the element level.

Keywords

• construction
• project management; knowledge management; information technology