"A construction project may look good from the outside, but there could be multiple problems waiting for the contractor inside." Will you know if your construction project is in trouble?Will you know if your construction project is in trouble? This seems a silly question and many will answer that it’s obvious – a construction project is going badly when it’s running late and falling behind schedule and it’s losing money. Yet even when a project is finished late or loses money this is often only detected when the project is almost finished – when it’s usually too late to take corrective action. Yet these aren’t the only metrics that we should be judging a construction project’s success. Recently a student wrote to me on LinkedIn to ask for help with a project that was looking at the parameters that would highlight when a project was distressed. He had decided that if the actual man-hours expended on the project were more than the planned man-hours it would be an indication the project was distressed. Now I explained that this was only one test, and it was a bit like going to a doctor and having your blood pressure tested. High or low blood pressure is indicative that there is a health problem, but having normal blood pressure doesn’t mean that you are healthy. In fact even if the blood pressure reading is high, there might not be a health problem, because there could be other factors giving the high reading, such as; the doctor didn’t carry out the test correctly, or you had just finished a session at the gym, or you were stressed because you had a job interview straight after the visit to the doctors. Indeed, whether a construction project is distressed, or going badly, would also depend on your relationship with the project. Different project stakeholders view the project outcomes differently, and it depends on the impacts on them. So for instance, a client might be far less concerned about the contractor losing money than the contractor would obviously be. But, the fact that the contractor is losing money is often a result of other factors which might eventually negatively impact the construction project for the client. Certainly, if the contractor loses so much money that they become bankrupt before the project is completed, then it should definitely concern the client – although many clients would ignore this potential problem until it was too late. "Solve problems early before they destroy your construction project and possibly your company." Factors that could show your construction project is in trouble.There are a number of metrics that are critical to a project’s success. Some of these are early indicators that there is an underlying problem with the project.
Does your construction project need rescuing? Uncovering and solving problems on construction projects earlyProject cost reports, updated project budgets and construction schedule updates are all valuable and essential indicators of the health of the project. However, it is important to understand these reports and to ensure that they’ve been prepared correctly. It’s then vital to take the proper corrective actions to fix the problem. Unfortunately many of these reports are issued sometime after the event, meaning that time has elapsed and the problem could have become worse. As mentioned above, there are several other indicators that a project is in trouble. Studying these metrics could uncover the underlying causes of problems on your construction project. Is your project in trouble? Would you know? Who Else Wants More Profitable Construction Projects? This article was first published on the ClockShark website - Get The Industries' #1 Time-Tracking AppRunning a field service or construction business takes coordination and a great team. With ClockShark you get the industries' #1 timesheet ap Do you want to learn how to manage construction projects successfully?"The book is really great. Its perfectly fills majority of PM theoretical books with practical experience of real professional. I like this type of material because its not just an interesting reading (its really is) but it is a kind of methodology. The point is that’s you can dig out some practical methods from stories inside and write them in the form of procedures or processes." Paul Netscher has written several easy-to-read books for owners, contractors, construction managers, construction supervisors and foremen. They cover all aspects of construction management and are filled with tips and insights. Visit to read more. The books are available in paper and ebook from most online stores including Amazon. Note: We welcome genuine comments, especially comments that add additional information to the subject matter in the article. We however reserve the right to remove inappropriate comments, which includes comments that have nothing to do with the subject, comments that include inappropriate language, and comments that are an advertisement for a product or company, or which include an advertising link. We will not enter into discussion on why a particular comment was removed.
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Note: We welcome genuine comments, especially comments that add additional information to the subject matter in the article. We however reserve the right to remove inappropriate comments, which includes comments that have nothing to do with the subject, comments that include inappropriate language, and comments that are an advertisement for a product or company, or which include an advertising link. Comments must be in English. We will not enter into discussion on why a particular comment was removed.
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The opinions expressed in the attached articles are those of the writer. It should be noted that projects are varied and different laws and restrictions apply which depend on the location of the contractor and the project. It's important that the reader uses the supplied information taking cognisance of their particular circumstances. The writer assumes no responsibility or liability for any loss of any kind arising from the reader using the information or advice contained herein. "I have what I consider some of the best books on construction management."
Books are available from: Amazon.com Amazon.co.uk takealot.com kalahari.com Amazon.in Amazon.de Amazon.fr Amazon.it Amazon.com.au Powell's Fishpond uread bokus Amazon.ca Amazon.es Other retail stores Available in paperback or on Kindle "28 YEARS OF CONSTRUCTION PROJECT MANAGEMENT EXPERIENCE, DEVELOPING SUCCESSFUL CONSTRUCTION PROJECT MANAGERS AND BUILDING SUCCESSFUL CONSTRUCTION COMPANIES"
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