PREFACE *
CONTENTS *
LIST OF FIGURES *
LIST OF TABLES *
Part I WHY CHASE OPPORTUNITIES? *
1. PROJECT BUSINESS *
1.1. The lost opportunities *
1.2. Current industry practice *
1.3. From project delivery to value creation *
1.4. Type of projects *
1.5. Major stakeholders *
1.6. Unpredictability in projects *
2. HOW PROJECTS ARE DELIVERED *
2.1. Stage gate models in projects *
2.2. Project phases *
2.3. Planning a project *
2.4. Implementing a project *
3. THE OWNER AND HIS ROLE *
3.1. Project ownership *
3.2. Project sponsor, asset owner and PEO *
3.3. Governance *
3.4. Users *
3.5. Project owners and success *
3.6. Financing of projects *
3.7. Project owners and uncertainty management *
4. RISKS AND OPPORTUNITIES *
4.1. Uncertainty versus risk and opportunity *
4.2. Uncertainty categories *
4.3. Risk and opportunity categories *
4.4. Risk and opportunity from the perspective of time *
4.5. Risk management *
4.6. Project complexity *
4.7. Reflections on project uncertainty in an owner perspective *
5. RISK AND OPPORTUNITY MANAGEMENT APPROACH *
5.1. The management process *
5.2. Identifying and quantifying risks and opportunities *
5.3. Tools and techniques: how to find opportunities *
5.4. Opportunities as reaction and iterations for opportunity management *
5.5. Benefits *
Part II HOW TO CHASE OPPORTUNITIES? *
6. PRACTICAL RISK AND OPPORTUNITY MANAGEMENT *
6.1. Opportunities in projects *
6.2. Cost and schedule *
6.3. Quality *
6.4. Real options *
6.5. Lean thinking *
6.6. Last responsible moment integrated planning *
6.7. Project flexibility can provide opportunities *
6.8. Exploiting opportunities *
7. CONTINGENCY CALCULATIONS *
7.1. Cost contingency *
7.2. Schedule contingency *
7.3. Generic contingency calculation methods *
7.4. Cost contingency calculations *
7.5. Schedule contingency calculations *
8. CONTRACTUAL PRACTICES AND COLLABORATIVE RELATIONSHIPS *
8.1. Contracts and risk *
8.2. Risk allocation in contracts *
8.3. Contractual arrangements and types *
8.3.1. DesignBidBuild or General Contractor Concept *
8.3.2. DesignBuild or EPC *
8.3.3. Construction Management *
8.4. Contract price arrangements or payment structures *
8.4.1. Fixed Price Contracts *
8.4.2. Cost Reimbursable Contracts *
8.4.3. Guaranteed Maximum Price Contracts *
8.4.4. Convertible Contracts *
8.4.5. Frequent disputes and claims *
8.5. The collaborative construction model *
8.5.1. What is the mission of the systems integrator? *
8.5.2. What does the systems integrator do? *
8.5.3. Where does the systems integrator reside? *
8.5.4. Who should staff the systems integrator? *
8.5.5. Critical success factors for the collaborative construction model *
9. CASE STUDY RAIL IN MEDIUM SIZE CITY *
9.1. The business case for railway projects *
9.2. Commercial perspective, revenues and costs *
9.3. Socio-economic perspective *
9.4. The case study *
9.5. Uncertainty development *
9.6. Chasing opportunities in the case *
9.6.1. Reducing investment cost *
9.6.2. Reducing operational cost *
9.6.3. Reducing inconveniences *
9.6.4. Increasing benefits *
PART III CHANGED MINDSET *
10. CHANGED INDUSTRY MINDSET *
10.1. Industry best practices *
10.2. Shifts in mindset *
10.3. The change process *
ABBREVIATIONS *
REFERENCES *
INDEX *