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Turner Construction Company

Turner Construction Company. IOM580 Hiroshi Ochiumi. Strategy. Reputation for quality and management skills Offer risk management to clients Owners as partners Ability to share information. Uncertainty. Reputation loss Appropriate balance of risk/conservatism

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Turner Construction Company

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  1. Turner Construction Company IOM580 Hiroshi Ochiumi

  2. Strategy • Reputation for quality and management skills • Offer risk management to clients • Owners as partners • Ability to share information

  3. Uncertainty • Reputation loss • Appropriate balance of risk/conservatism • Change in economic conditions • Appropriate mix and quality of project team

  4. 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.”

  5. 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.”

  6. What should Gary Thompson do? • Yes, let’s release $500,000 • No.

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