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Project Restart? When to Say When in the New Economic Marketplace

This session is intended to be a follow-up to last year’s thought-provoking “stop work” panel discussion focusing on the delay of projects as a result of the market downturn. Just as many hospitals and health systems put projects on hold during a tumultuous economic marketplace in 2008/2009, some of these same projects are back online as the capital market starts to flow and investment portfolios start to recover. We will explore several key factors and have our returning panel of diverse industry experts weigh in on their experiences and knowledge of the marketplace and the capacity for project a restart. We will explore the following questions: • When/why was the project initially put on hold? • How was the decision made to restate the project? • How has the concept changed? • How has the program, budget, schedule, and team evolved? • What lessons were learned through the ‘hold’ process? • What is different in the marketplace now compared to 12 and 18 months ago?

LEARNING OBJECTIVES:
1. Learn how to re-evaluate a project during an economic downturn and understand the decision-making process for stopping then re-starting projects.
2. Learn how to challenge all former assumptions to ensure that the revived project makes sense given the new economic reality
3. Identify some of the typical challenges faced when re-starting a project and how to overcome those challenges.

Speakers:

James R. Arends, AIA, LEED AP, Regional Healthcare Services Manager-Midwest Region, Gilbane Building Company

Brenda M. Bush-Moline AIA, LEED AP, Associate Principal, VOA Associates Incorporated

Samuel Essak, Vice President and Partner, Hammes Company

Richard Galling, President and Chief Operating Officer, Hammes Company

Terrie P. Sterling, Chief Operating Officer, Our Lady of the Lake Regional Medical Center