2017

Lahdenperä, Pertti; Valkokari, Katri; Paasi, Jaakko

A major change is taking place in the way many challenging investment projects<br/>are implemented. Strict division of labour between the key players of a project with delimited scopes of liabilities has been substituted by a more collaborative practice where the players integrate versatile expertise into the development of the project solution relatively early and bear the risks of the project jointly, i.e. form a project alliance. It enables the parties to reach better results in many cases. This section looks, first, at such a change in the construction industry to introduce the key features of alliancing. Second, the text ponders whether analogous integrated effort by companies and R&amp;D organizations would benefit the development of new businesses based on novel technology and that is the main purpose of this review.