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(TCM-3933) The Project Life Cycle: Preventing Change and Project Failure

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Level: Intermediate
TCM Section(s):
6.2. Asset Change Management
Venue: 2022 AACE International Conference & Expo

Abstract: Understanding the project life cycle and the concept of change management provides many benefits that can promote improved project success. However, to minimize downstream impacts from earlier consequential decisions and actions, project teams need to go beyond the traditional aspect of the treatment and control of change management and provide opportunities to prevent or eliminate change. As applied in asset ownership and management who engage in capital project delivery, this paper introduces preventive measures that can influence the decisions and actions made early in the project's development phase. These efforts will ultimately improve cost and schedule predictability. As part of this understanding, this paper will provide readers with the following:
  • a case study that emphasizes the types of changes within the life of a project
  • defined preventive measures and concepts in relation to the project life cycle
  • a road map for implementing improvements