WHITE PAPER: Introduction the Project Definition Rating Index (PDRI)
The PDRI methodology is proven to reduce risk in capital project delivery. It promotes rigorous scope definition and a collaborative review process during front end planning.
The Construction Industry Institute (CII) has benchmarked PDRI’s impact on over $96 billion in capital projects, showing up to:
- 25% cost savings
- 17% schedule reductions
This white paper provides an introduction to the Project Definition Rating Index (PDRI), developed by the Construction Industry Institute (CII). It answers many of the most common questions of project leaders including:
- What is PDRI?
- Who uses it – owners, contractors or both?
- Is this an open industry standard that any organization can adopt?
- How do projects benefit?
- Can this help in portfolio-level risk management?
- How do we get started?
Poor scope definition is recognized as one of the leading causes of project failure. It is directly linked to cost and schedule overruns, as well as long term operational issues.
As a result, front end planning is one of the most important processes in the construction and operation of a capital asset.
Using the PDRI methodology will help your project teams improve scope definition, become better aligned, and provide transparency on identified gaps.