Future-proofing ‘Next Generation’ infrastructure assets

Love, Peter; Ika, Lavagnon A.; Locatelli, Giorgio; Ahiaga-Dagbui, Dominic D.

doi:10.15302/j-fem-2018204

Cited by 5 publications

(10 citation statements)

References 5 publications

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“…In addition, the findings also offer additional evidence for the recognition that futureproofing is important for the long-term sustainability of construction projects [2], [4], [13].…”

Section: Discussionmentioning

confidence: 70%

“…Futureproofing can be defined as "a proactive planning and management initiative and process employed by owners and the supply chain for mitigating risks found in asset management that acts as an urgent need against uncertainty" [1, p.12]. Complex infrastructure projects need futureproofing to deal with unexpected events and to be flexible in accommodating changing needs, uses or capacities [2], [3].…”

Section: Introductionmentioning

confidence: 99%

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Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Krystallis¹,

Locatelli

Murtagh³

2022

IEEE Trans. Eng. Manage.

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Complex infrastructure projects often attract criticism regarding their short-and long-term performance. An effective development process requires thinking about both present and future requirements. We employed the lens of real options reasoning to investigate the power of verbal theorizing, without the aid of analytical modeling, to add flexibility in the development process. Drawing on 32 semi-structured interviews with decision-makers involved in health estate projects, we examined if and how informal talks in the development process can lead to futureproof outcomes. Our findings synthesize and conceptualize relevant insights on iterative design thinking, affordability, bounded rationality, and motivational gaps as causal mechanisms for futureproofing talks and thus real options reasoning. The paper contributes to the planning and project studies literature dealing with futureproofing complex infrastructure projects.

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“…In addition, the findings also offer additional evidence for the recognition that futureproofing is important for the long-term sustainability of construction projects [2], [4], [13].…”

Section: Discussionmentioning

confidence: 70%

Section: Introductionmentioning

confidence: 99%

Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Krystallis¹,

Locatelli

Murtagh³

2022

IEEE Trans. Eng. Manage.

Self Cite

View full text Add to dashboard Cite

show abstract

“…Additionally, given the uncertainty involved and in line with the view that the constantly changing futureproofing requirements require a radical shift of construction toward the “digital era” [ Love et al ., 2018 ], the most appropriate design management paradigm is one based on a Building Information model (BIM). BIM is a digital representation of all physical and functional characteristics of a facility or site, serving as a knowledge database, which enables reliable information exchange and decisions during the asset's life cycle from inception onwards [ Krystallis et al ., 2015 ].…”

Section: Design Delivery Paradigm For Efficient Futureproofingmentioning

confidence: 99%

Emergency Healthcare Facilities: Managing Design in a Post Covid-19 World

Marinelli

2020

IEEE Eng. Manag. Rev.

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During the COVID-19 pandemic, which has caused an unprecedented health and economic crisis around the globe, several countries, such as China and U.K., developed makeshift hospitals by converting public venues of other intended use (e.g., stadiums, convention centers, exhibition centers, gymnasiums, factories, and warehouses) to medical facilities, aiming to achieve in very little time a substantial upgrade of the health system's capacity. This change management capability is among the fundamental elements of infrastructure futureproofing, i.e., the process of making provision for future developments, needs or events that impact on particular infrastructure through its current planning, design, construction, or asset management processes. This article utilizes the limited available experience from these makeshift hospitals to shed light on the critical design parameters efficiently enabling the infrastructure to adapt to required changes in structure and/or operations. However, futureproofing should not be a standalone component but should be efficiently embedded in asset management practice. For this purpose, this article also proposes an appropriate associated delivery paradigm encompassing value management and building information modeling to allow the asset owners and designers to efficiently incorporate flexibility in their design planning. The structured approach of value management can be used to ensure that the project's characteristics are aligned to the public client's requirements for futureproofing while a BIM-based design management paradigm is particularly appropriate, as it allows for design changes to be shared, visualized, estimated, and resolved without the use of time-consuming paper transactions.

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“…Traditional risk management approaches focusing on predictable events are insufficient to deal with unforeseen uncertainties like crises (Crosby, 2012;Nachbagauer and Schirl-Boeck, 2019). Lack of adaptability to unexpected events and underperformance of megaprojects appear to be the norm (Love et al, 2018;Shenoy and Mahanty, 2021). A project facing a crisis either adapts effectively to the situation or disintegrates and fails with disastrous outcomes.…”

Section: Introductionmentioning

confidence: 99%

“…A project facing a crisis either adapts effectively to the situation or disintegrates and fails with disastrous outcomes. Increasing project resilience to crises is a great challenge in megaproject management (Love et al, 2018;Zeng et al, 2015). Although unforeseen uncertainty cannot be forecasted, they can be diagnosed before they emerge (Lenfle and Loch, 2017).…”

Section: Introductionmentioning

confidence: 99%

An investigation of key precursors of megaproject crises

Ai-min

2022

IJMPB

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PurposeDetecting precursory signals is critical to increasing the resilience of megaprojects to crises. This study aims to investigate key crisis precursors to better apprehend traces of megaproject crises and proactively respond to approaching crises, thereby increasing project resilience.Design/methodology/approachDrawing on the theory of weak signals, 25 potential precursors of megaproject crises are extracted. Using exploratory structural equation modeling (ESEM), four models were tested to identify key crisis precursors based on a questionnaire survey of 168 megaproject participants in China. Analysis of variance (ANOVA) was employed to examine the differences in participants’ perceptions of key crisis precursors.FindingsFour key crisis precursors were identified: Imbalance of Benefits and Costs, Irresponsible and Unqualified Key Participants, Regulatory Mechanisms Lacking Transparency and Flexibility, and Information Uncertainty and Asymmetry. Compared with senior executives, team members think that key crisis precursors related to regulatory mechanisms and key participants are more likely to trigger crises, which affects responsive actions toward detected crisis precursors. The findings help identify problems at an early stage and enable timely intervention to mitigate crises.Research limitations/implicationsDetection of key crisis precursors allows for proactive and targeted actions to mitigate crises. Megaproject development is affected by institutional mechanisms. The influence of institutions on the effectiveness of crisis management needs further investigation.Originality/valueLimited attention has been paid to recognizing precursors of megaproject crises. This study identifies four key crisis precursors by uncovering the interrelationships among potential precursors, which enables rapid adaptation to future crises.

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Future-proofing ‘Next Generation’ infrastructure assets

Cited by 5 publications

References 5 publications

Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Emergency Healthcare Facilities: Managing Design in a Post Covid-19 World

An investigation of key precursors of megaproject crises

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