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I would recommend this training course to others in my company, and I actually think this should be a required course for all personnel on significant projects, not restricted to megaprojects.
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Anonymous
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I learned a great deal about Best Practices and the statistically significant impact they have on key project metrics.
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Anonymous
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Integration with fellow delegates and the gaps between project theory and application in various groups was very useful -
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open discussion
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was humorously and effectively facilitated.
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Ted Grobicki, Harmony Gold - PM Course
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This is a great foundation course for new project managers. There is a good mix of discussion and presentation material.
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David Wilson (BP) – Small Projects Course
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Time allowed for discussion , well-structured and flexible to fit our needs.
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Anonymous
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Introduction
The IPA Institute, a division of IPA, was established to further IPA's mission to improve capital productivity.
The Institute builds on IPA's unique competencies in quantitative linking of practices to business results, offers education programs, and conducts basic research into capital effectiveness. Through its education and research programs, the Institute's goal is to raise the level of knowledge in project management, which will result in a better-informed cadre of project professionals.
The Need for Project Management Knowledge
Recent publications cite the need for improved education linking project results to business outcomes. None of the training currently offered addresses this issue. Also, very little research exists on projects. The articles and white papers that do exist are based predominantly on experience rather than the empirical analysis on which IPA research is based. The current market lacks research, papers, and courses relating project practices to business value.
With downsizing in Industry, much project management experience has been lost. Many firms have not added new project managers, so the project management function is aging. A recent IPA study showed the need for project organizations to maintain core competencies in developing investments that align with business needs. These competencies have been eroded through downsizing and attrition of experience in the project management function. Given this situation, the renewal of the project function is needed.
Corporate executives continue to be dissatisfied with capital system performance, and a high number of project failures are still reported. More important, capital is being spent on projects that do not align with business objectives, so understanding how to link projects and business strategies is a pressing industry need.
Building on IPA’s Body of Knowledge
IPA Institute programs are based on specialized results from research on thousands of projects executed by oil, chemical, forest products, mining, pharmaceutical, and consumer products companies. IPA's extensive body of knowledge includes Best Practices on projects of all sizes and types that have been executed in all regions of the world. Project size ranges from $0.2 million to $3 billion, and types include everything from revamps to new construction. IPA's studies cover all project cycles, from initial business idea through startup and early operation.
The databases allow IPA to conduct research to identify the practices and characteristics that drive project outcomes. IPA is the only organization that has such quantitative research on which to base its teachings. IPA continuously updates and advances its research findings, adding more than 800 new projects to the database each year. This allows IPA to track and recognize important, timely industry trends and issues
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