The future of capital project execution for the heavy industrial sector needs to look at innovative ways to improve productivity and project success, which includes the implementation of productization methods. The benefits of a productization strategy are not well known, however industrial productization is becoming more communicated within the industry as the f ...
Target Value Delivery (TVD) is a process for setting project value targets and the corresponding cost targets prior to design, then steering design and construction to those targets. Doing so has proven to consistently deliver value for money. This paper describes how TVD differs from other project delivery processes and how to do TVD successfully. Keywords: Allo ...
Getting projects off to a good start is the aspiration of every project manager and a critical first step towards smooth flowing work later. Unfortunately, many of our large projects are stymied before the construction team gets a chance to mobilize. Few aspects of project delivery are more disruptive or wasteful than discovering the desired scope cannot be compl ...
Managers of construction projects have been focusing on cost, schedule, quality and safety to measure project performance using conventional metrics from administration management. These conventional metrics have led them to underestimate or overlook how variability, prerequisites for starting work, and work-in-process (WIP) affect project performance, which is a ...
What is Operations Science? It is the study of the transformation of resources to create and distribute goods and services. Since the pandemic hit supply chains have been erratic, elongated, and unpredictable.
Gary Fischer, PE, opens the 9th Annual PPI Symposium by discussing the three global trends that will dominate and overwhelm the global capacity to develop and execute capital projects: infrastructure, digitalization, and decarbonization, and how they are interrelated and compound on each other, leading to a huge demand for skilled labor, building materials, and n ...
