turner construction company iom580 hiroshi ochiumi 1
TRANSCRIPT
Turner Construction Company
IOM580Hiroshi Ochiumi
1
Strategy
Reputation for quality and management skillsOffer risk management to clientsOwners as partnersAbility to share information
2
Uncertainty
Reputation lossAppropriate balance of risk/conservatismChange in economic conditionsAppropriate mix and quality of project team
3
Indicated Outcome Report System
“No one spends as much time as us.”“IOR is a best efforts prediction at any point in time of the total expected cost and earninigs…”“Reports would be useless if not talked about.”“IOR review meetings are a great tool for prompting discussion among my whole team.”“I go back to the IOR when I really need to understand the issues.”
4
Bob Meyer
“Some people may think that we spend too much time dealing with the contingency, but I don’t think that is true. The time we spend here is really forcing our managers to keep revising our strategy with our clients on each job.”
5
What should Gary Thompson do?
Yes, let’s release $500,000
No.
6