Forming a joint venture project team for multi-discipline engineering services in Australia
Syddall, Tanya & Melissa, Teo (2013) Forming a joint venture project team for multi-discipline engineering services in Australia. In Wilkinson, Suzanne & Miller, Garry (Eds.) Proceedings of the 38th Annual Australasian Universities Building Education Association Conference, The University of Auckland, Auckland.
Joint venture design teams are formed to combine resources and expertise in order to secure multi-discipline engineering design services on major projects. Bringing together resources from two ordinarily competing companies to form one joint team is however challenging as each parent company brings to the project its own organisational culture, processes and team attitudes.
This study examined the factors that impact on forming a successful joint venture project team. Three critical areas were identified from an extensive literature review; Joint Venture Arrangements, Parent Companies and Forming the Team; and a survey was conducted with professionals who have worked in joint venture project teams in the Australian building industry in order to identify factors that affected successful joint venture team formation, and the common lessons learnt. This study reinforced the importance of three key criteria - trust, commitment and compatibility - for partner alignment. The results also identified four key lessons learnt which included; selecting the right resources, enabling a collaborative working environment by way of project office, implementing an independent Joint Venture Manager, and allocating work which is best for project with fees reflecting risk where risk is disproportionate.
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|Item Type:||Conference Paper|
|Keywords:||Project team, Engineering services, Joint venture, Multi-discipline, Lessons learnt|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200)|
|Divisions:||Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
|Copyright Owner:||Copyright 2013 [please consult the author]|
|Deposited On:||24 Feb 2014 00:27|
|Last Modified:||28 Feb 2014 17:18|
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