Integrated Project Delivery – Managing risk

Integrated Project Delivery

This paper provides an overview of the current practices and challenges involving IPD and helps practitioners to better understand IPD and its evolving risk profile. It also offers guidance on how to prepare an IPD strategy and describes the tools and methodologies currently used to facilitate successful IPD.

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Although integrated project delivery (IPD) is not new, the current approach to formalizing the operating parameters through multi-party agreements, pooled risk and reward structures, and trust-based relational contracting are new applications to Integrated project delivery. These new applications like many other tools are changing, not eliminating, the risk profile of projects delivered using IPD.

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