"Will your construction project be successful for all participants?"
Many construction projects are unsuccessful. (Based on a study by KPMG last year only 31% of respondents’ projects over the previous three years came in within 10% of their budgeted cost and only one quarter of projects over that period came in within 10% of their original deadlines.) This judgement is based solely on the fact that they were finished over budget or late. But even when construction projects are finished within budget and on time are they necessarily a success? Well, that answer often depends on your association to the construction project!
Let’ ask these questions about construction projects
Indeed, there is the opposite, where some of the most disastrous construction projects have turned out to be hugely successful. Consider the Sydney Opera House – named in the Hall of Shame of landmark building projects with major cost blowouts (the project was completed 14 times over budget and 10 years late), yet today the Sydney Opera House now stands as a city icon (even a national icon) recognised worldwide, a mega tourist attraction and successful venue.
Are your subcontractors profitable? Should you care?
"Do you know who the stakeholders on your construction project are?"
Construction project stakeholders
Every construction project has many stakeholders which include:
Each of these stakeholders often has competing demands that can jeopardise the success of a construction project. We want a win-win for all stakeholders involved with a construction project. Is this possible?
Does the client have to get the construction project delivered under-budget at the expense of the contractor? Does the contractor only make a profit at the expense of their subcontractors and their workers?
Does the community want a cheap project that is a blight on the neighbourhood?
Is the design team interested in the long-term maintenance of the facility?
Dealing with the different construction project stakeholders
Unfortunately, often all of the stakeholders aren’t considered, while in other cases some stakeholders are allowed to dominate the process at the expense of others. In some instances personal interests and egos are allowed to dictate the project. Running through all of this is money – everyone wants the cheapest price and the most profit.
There needs to be honest dialogue with the various stakeholders to ensure the best outcomes for all parties and the project. They might not be the desired outcomes at the start of the process, but the outcome should be best result for all parties after due compromises have been made. The Importance of Stakeholder Management in Project Success
"Will all those on your construction project be happy with the final project?"
What defines a successful construction project
A successful construction project is one which:
Why Safety Is Important On Your Construction Project
How important is quality on your project?
Delivering a successful construction project
Is it possible for a construction project to tick all the boxes and be successful in every respect?
Good construction project management with open and honest dialogue and a team that is focused on the project and not on individuals and companies is surely a good start. One stakeholder’s success shouldn’t depend on another’s failure.
What do you think?
Have you delivered a truly successful project?
What disastrous projects have you been involved with?
Why many government construction projects aren't successful
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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.
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