• Project Planning and Value Creation Utilizing Lean Construction

    Project Planning and Value Creation Utilizing Lean Construction

    Project manager must provide proper planning and a wide variety of resources to successfully complete unique and complex construction. Lean principles from the manufacturing sector provide tools and techniques to improve performance at a reduced cost with limited waste. Integrating the critical path method with building information modeling provides a multi-dimensional representation of projects. This…

  • Managing Uncertainty in the Construction Industry

    Managing Uncertainty in the Construction Industry

    The success of construction projects depends greatly on management of risks throughout its life cycle. It is imperative that project managers be able to make informed decisions given the level of uncertainty inherent in the industry. Analyzing statistical data and historical experiences with probability methods will provide information necessary for improvements. Cost estimating must be…