Shared Risk and Reward Based on Project Outcome
IPD agreements tie compensation directly to achievement of project objectives. Although the method of achieving this will vary, in an IPD situation all or part of the participants’ profit is dependent on project performance being met or exceeded. Individual profit isn’t a function of the work performed or individual productivity, but instead is proportionate to overall project success.
Tying profit to project performance discourages selfish actions. Because of the compensation structure, selfishness is self-defeating; sharing in both the risk and reward serves instead to increase project commitment.
The Mosaic Centre group aims to be a highly functioning team. We will achieve this by:
- Embracing the “we over me” mentality
- Meeting our individual commitments
- Admitting our limitations
- Consistently communicating
- Holding each other accountable
- Being willing to take risks and try new things
- Having fun; making this a truly memorable experience, in a good way!