Analysis of techniques leading to radical reduction in project cycle time

Makarand Hastak, Sanjiv Gokhale, Kartik Goyani, Taehoon Hong, Bhavin Safi

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Today's construction business relies on first-to-market product strategies to gain competitive advantages and increase profit margins. This has created an increased demand for a high performance capital project delivery system that can achieve a dramatic reduction in project cycle time. Very few decision tools and guidelines exist to assist owners in choosing appropriate delivery systems and project strategies to radically reduce the project cycle time from the preplanning stage through start up. The research presented in this paper surveyed the construction owners and architectural/engineering/construction firms to identify projects that have achieved greater than 25% reduction in overall project cycle time when compared to current industry standards. The data collected were analyzed to determine the techniques that facilitate radical reduction in project cycle time. These techniques include, best practices and schedule reduction techniques as well as the various management techniques employed on the projects identified by the Construction Industry Institute (CII). This research also identified the barriers to radical schedule reduction. The research concludes that radical schedule reduction well in excess of 25% can be achieved through the selective employment of management techniques, schedule reduction techniques and CII best practices. Almost every construction manager can utilize this research to improve project performance whether for radical reduction or simply more effective execution.

Original languageEnglish
Pages (from-to)915-927
Number of pages13
JournalJournal of Construction Engineering and Management
Volume134
Issue number12
DOIs
Publication statusPublished - 2008 Nov 24

Fingerprint

Construction industry
Cycle time
Industry
Profitability
Managers
Schedule
Owners
Management techniques
Best practice
Competitive advantage
Profit margin
Construction engineering
Industry standards
Capital projects
High performance
Product strategy
Start-up
Project performance
Project delivery

All Science Journal Classification (ASJC) codes

  • Civil and Structural Engineering
  • Building and Construction
  • Industrial relations
  • Strategy and Management

Cite this

Hastak, Makarand ; Gokhale, Sanjiv ; Goyani, Kartik ; Hong, Taehoon ; Safi, Bhavin. / Analysis of techniques leading to radical reduction in project cycle time. In: Journal of Construction Engineering and Management. 2008 ; Vol. 134, No. 12. pp. 915-927.
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Analysis of techniques leading to radical reduction in project cycle time. / Hastak, Makarand; Gokhale, Sanjiv; Goyani, Kartik; Hong, Taehoon; Safi, Bhavin.

In: Journal of Construction Engineering and Management, Vol. 134, No. 12, 24.11.2008, p. 915-927.

Research output: Contribution to journalArticle

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