| description abstract | Infrastructure projects experience different regulatory impacts during permitting, operations, and decommissioning. However, no framework is in place to provide a foundation for infrastructure operators and administrators to take advantage of the opportunities (e.g., gain competitive advantage) and cope with the risks (e.g., risk of noncompliance) related to regulatory requirements. This study aimed to identify the existing methodologies and emerging practices to proactively identify, evaluate, and respond to the impact of regulatory changes. To this end, an exploratory research approach was adopted, through which multiple field studies were conducted with interviewees from various functions and units of regulated entities as well as from regulatory agencies. Accordingly, this study established a future-proofing framework that enables companies operating in infrastructure sectors to more proactively respond to and comply with regulations during their projects. In general, the regulatory future-proofing framework encompasses two main components: (1) core subprocesses, which distinguish job sharing and specific responsibilities in dealing with regulatory changes; and (2) influencing factors, which represent overarching areas that make the subprocesses work more effectively. The framework was validated by experts and would enable companies to more effectively and proactively prepare for regulatory adaptation and response in infrastructure projects. | |
