WHITE PAPER: Introduction the Project Definition Rating Index (PDRI)
This white paper covers the fundamentals of the Project Definition Rating Index (PDRI) methodology, 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.
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.
CII has benchmarked PDRI’s impact on over $96 billion in capital projects, showing up to:
- 25% cost savings
- 17% schedule reductions
In addtion, CII‘s research shows that every $1 spent on the PDRI process can save $25 in return.
Using the PDRI methodology will help your project teams improve scope definition, become better aligned, and provide transparency on identified gaps.
Complete the form below to download your copy
Introduction to the Project Definition Rating Index (PDRI)
If you are new to PDRI and looking for a good overview of the methodology, start with this white paper.
Complete the form below to download your copy.