About the PRI James Gifford, Executive Director PRI 21 January 2010
PRI
1
7/17/2019 PRI http://slidepdf.com/reader/full/pri563db9bb550346aa9a9f67ee 1/1 Project Rating Index (PRI) or PDRI (Project Definition Rating Index) The Project Definition Rating Index (PDRI) is a methodology used by capital proj ects to measure the degree of scope definition, identify gaps, and take appropri ate actions to reduce risk during front end planning. PDRI is used at multiple s tages in the front end planning process. The following 10 elements were found to be most important: Products Capacities Technology Processes Process Flow Sheets Site Location P&IDs Site Characteristics Available vs. Required Market Strategy Project Objectives Statement The PDRI can provide numerous benefits to the project team. These include: a det ailed checklist for work planning, standardized scope definition terminology, fa cilitation of risk assessment, pre-project planning progress monitoring, aid in communication of requirements between participants, method of reconciling differ ences between project participants, a training tool, and a benchmarking basis. In summary, the PDRI can effectively be used to improve the predictability of pr oject performance and, when combined with sound business planning, alignment, an d good project execution, can greatly improve the probability of meeting or exce eding project objectives.
-
Upload
sheelshalini -
Category
Documents
-
view
6 -
download
0
description
Project Rating Index
Transcript of PRI
7/17/2019 PRI
http://slidepdf.com/reader/full/pri563db9bb550346aa9a9f67ee 1/1
Project Rating Index (PRI) or PDRI (Project Definition Rating Index)
The Project Definition Rating Index (PDRI) is a methodology used by capital projects to measure the degree of scope definition, identify gaps, and take appropriate actions to reduce risk during front end planning. PDRI is used at multiple stages in the front end planning process.
The following 10 elements were found to be most important:
Products Capacities Technology Processes Process Flow Sheets Site Location P&IDs Site Characteristics Available vs. Required Market Strategy Project Objectives Statement
The PDRI can provide numerous benefits to the project team. These include: a detailed checklist for work planning, standardized scope definition terminology, facilitation of risk assessment, pre-project planning progress monitoring, aid in
communication of requirements between participants, method of reconciling differences between project participants, a training tool, and a benchmarking basis.
In summary, the PDRI can effectively be used to improve the predictability of project performance and, when combined with sound business planning, alignment, and good project execution, can greatly improve the probability of meeting or exceeding project objectives.
