Describes the RT-243 efforts to investigate the history, hindrances, and potential of innovation in the EPC industry. Explains the necessity of replacing the current project-by-project approach to risk management with a portfolio-based approach. Also describes the development and utility of IR243-2,Innovation Maturity Model, a software tool that helps organizations determines areas in need of improvement for effective and efficient innovation.NOTE: Actual tool included with IR243-2.