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Author: Funso Otuyemi
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
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Book Description
This paper examined performance measurement models both in general and in the UK construction industry in particular with the view to investigate the existing performance measuring models used in measuring the performance of earned valued management (EVM). By doing so, it seeks to provide valuable insights into how to construct a comprehensive performance measurement model for the construction industry. This article also discussed the use of earned value management as an analytical tool in construction sector to increase project success rate. The article adopted the content analysis methodology. Notwithstanding, it usage is far reaching in the past couple of years in particular industries. Overall, the paper summarizes the recent performance measurement research studies in construction and integrated the whole process of the performance measurement as a useful insight into future areas of research in this field.
Author: Funso Otuyemi
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
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Book Description
This paper examined performance measurement models both in general and in the UK construction industry in particular with the view to investigate the existing performance measuring models used in measuring the performance of earned valued management (EVM). By doing so, it seeks to provide valuable insights into how to construct a comprehensive performance measurement model for the construction industry. This article also discussed the use of earned value management as an analytical tool in construction sector to increase project success rate. The article adopted the content analysis methodology. Notwithstanding, it usage is far reaching in the past couple of years in particular industries. Overall, the paper summarizes the recent performance measurement research studies in construction and integrated the whole process of the performance measurement as a useful insight into future areas of research in this field.
Author: Aryani Ahmad-Latiffi
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Measurement of performance is important to the construction sector as an additional way of improving and sustaining competitiveness in the long-term. Most large construction organisations in the United Kingdom (UK) practise performance measurement because they believe it affects their business positively in the longer-term. Performance measurement is thus, recognised as an important way of keeping an organisation on track in achieving its strategic objectives. However, there are still construction organisations that believe performance measurement does not aid in creating and developing appropriate strategies for their organisations, but helps organisations in identifying areas where they did or did not perform well. The improvements in performance thus, can only be brought about through step-by-step strategic guidance to organisations to achieve their performance targets. The first step towards achieving these targets comprises the following: understand the performance measurement process of organisations, and identify the appropriate criteria that need to be measured to improve business; identify strengths and opportunities, which in turn can create a way to maximise profits for an organisation. Such an approach would help organisations target relevant performance measurements and embed them in their organisational strategy in a structured step-by-step manner. Premised on the foregoing, this research project aims to investigate potential tools for improving performance measurement practices in the construction industry. In addition, this research aims to assist organisations in implementing performance measurement in a proper manner and to help them understand the performance measurement process. The first step (objective 1) of this research is to review the generic body of literature in performance measurement to understand key concepts, definitions and existing practices and identify commonly used performance measurement tools. It is noted that there are several definitions of performance measurement. However, at its basic level, performance measurement is a process of determining how successful organisations or individuals have been in attaining their objectives and strategies. To achieve this, the outputs of an organisation's strategic and operational processes are measured in a quantifiable form; the results are used to monitor closely the performance of the organisation, internally and externally. Findings of the review (and later those of objectives 2 and 3) reveal that the Balanced Scorecard (BSC) and the European Foundation for Quality Management (EFQM) Excellence Model are the two most widely known and used tools, in all sectors including construction, to measure an organisation s performance. Semi-structured interviews (objectives 2 and 3) were conducted with performance measurement directors and managers in large UK construction companies. The interviews revealed that performance measurement is being practised in organisations directly or indirectly to help improve businesses and profits. The purpose of interviews was to seek the organisations views on how they approach and conduct performance measurement and derive benefits from it. All organisations agreed that the financial aspects such as profit margins and growth, as well as non-financial aspects such as health and safety and customer satisfaction are important criteria to be measured. Both financial and non-financial criteria need to be considered and included in an organisation's strategy; they are important considerations for any future strategy development. Findings of the interviews and the literature review suggest the best way to create an organisation's strategy as the following: understand the performance measurement process of organisations and identify the appropriate criteria, which need to be measured to improve business; identify strengths and opportunities, which in turn can create a way to maximise profits for an organisation. This led to the development of a Framework (also called the Performance Measurement Migration Path) (objective 4), which would help organisations target relevant performance measurements and embed them in their organisational strategy in a structured step-by-step manner. Its implementation in organisations can make performance measurement processes easy and smooth. Evaluation (objective 5) of the framework confirms its suitability and acceptability to industry players for the use in improving the implementation of performance measurement.
Author: Mohamed A. Hegazy
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Over the past decade, the significance of business performance measurement has spread across various industries. The UK construction industry has been criticized for its underachievement and a number of industry reports (i.e. the Egan (1998) and Latham (1994) reports) have emphasized the need for performance measurement. As a result, the Construction Best Practice Program-Key Performance Indicators (CBPP-KPI) was launched for performance measurement. Additionally, an industry-wide benchmarking model which was created to enable construction companies to benchmark their performance was criticized since it focuses only on project level measures. This research develops financial industry norms for UK construction companies. A set of Key Financial Performance Indicators (KPI's) is developed based on a survey of performance measurement and benchmarking techniques in the accounting literature. A benchmarking model based on financial KPI's is produced for construction companies to benchmark and evaluate their business performance at corporate level. A record sheet and a set of financial guidelines for companies to improve their performance were developed. Two case studies of contractors were presented showing the advantages and disadvantages of the developed model. Radar and Wall charts showed how each contractor can compare its performance with the U.K industry norms directing management to areas requiring significant improvement. Future research should continue to develop elements of the financial KPI's and assess the application of the developed benchmark model to other industries and investigate weaknesses associated with its application.
Author: Pieter de Wilde
Publisher: John Wiley & Sons
ISBN: 1119341949
Category : Technology & Engineering
Languages : en
Pages : 784
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Book Description
Explores and brings together the existent body of knowledge on building performance analysis Shortlisted in the CIBSE 2020 Building Performance Awards Building performance is an important yet surprisingly complex concept. This book presents a comprehensive and systematic overview of the subject. It provides a working definition of building performance, and an in-depth discussion of the role building performance plays throughout the building life cycle. The book also explores the perspectives of various stakeholders, the functions of buildings, performance requirements, performance quantification (both predicted and measured), criteria for success, and the challenges of using performance analysis in practice. Building Performance Analysis starts by introducing the subject of building performance: its key terms, definitions, history, and challenges. It then develops a theoretical foundation for the subject, explores the complexity of performance assessment, and the way that performance analysis impacts on actual buildings. In doing so, it attempts to answer the following questions: What is building performance? How can building performance be measured and analyzed? How does the analysis of building performance guide the improvement of buildings? And what can the building domain learn from the way performance is handled in other disciplines? Assembles the current body of knowledge on building performance analysis in one unique resource Offers deep insights into the complexity of using building performance analysis throughout the entire building life cycle, including design, operation and management Contributes an emergent theory of building performance and its analysis Building Performance Analysis will appeal to the building science community, both from industry and academia. It specifically targets advanced students in architectural engineering, building services design, building performance simulation and similar fields who hold an interest in ensuring that buildings meet the needs of their stakeholders.
Author: Lincoln H. Forbes
Publisher: Routledge
ISBN: 0429859341
Category : Architecture
Languages : en
Pages : 613
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Book Description
Lean Project Delivery and Integrated Practices in Modern Construction is the new and enhanced edition of the pioneering book Modern Construction by Lincoln H. Forbes and Syed M. Ahmed. This book provides a multi-faceted approach for applying lean methodologies to improve design and construction processes. Recognizing the wide diversity in the landscape of projects, and encompassing private and public sector activity, buildings and infrastructure, the book expands upon the detailed coverage of integrated project delivery and new lean tools and techniques to include: Greater emphasis on the importance of creating a lean culture and the initiatives required to transform the industry; Expanded discussions of the foundational writings in lean construction theory; Exploration of the synergies between "lean" and "green" initiatives; Specific procedures for modifying planning and scheduling activities to improve the performance of the project team; Expanded sections on quality, and topics that have become a part of the lean lexicon, such as Choosing by Advantages, "line of balance"/location-based scheduling, virtual design teams, takt time planning and set-based design; Discussion questions for beginners and advanced lean practitioners; and Improved cross-referencing within the text to help the reader navigate the frameworks, techniques and tools to support the application of lean principles. The techniques described here enhance the use of resources, reducing waste, minimizing delays, increasing quality and reducing overall costs. They enable practitioners to improve the quality of the built environment, secure higher levels of customer/owner satisfaction, and simultaneously improve their profitability. This book is essential reading for all those wanting to be at the forefront of construction management and lean thinking.
Author: Richard Torbett
Publisher:
ISBN:
Category : Engineering
Languages : en
Pages :
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Book Description
Author: Nasma Budawara
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The performance of the design activities for a construction project can have a significant impact on the overall performance and efficiency of the project. Design activities need to be monitored to measure performance of the design process. Performance indicators can be used in this process. The Indicators can: i) measure the degree of success of a project or organization; ii) predict, control and measure the performance of design processes; iii) benchmark performances of different projects within the same- company or with other firms; iv) track and demonstrate long-term development and improvement, thereby decreasing design and construction cost and time and increasing the quality of the design product. In the context of Canada, specific construction performance indicators to assess construction project performance across project phases have yet to be formulated and documented. Therefore, there is a need to develop such indicators for the Canadian consulting engineering. From this perspective, the present research introduces practical framework and describes a model that measure the performance of the design activities for Canadian construction projects. The main objectives of this research are the following: i) to identify key indicators that affect the design performance of construction projects; ii) to develop a model for Key Performance Indicators (KPIs) to measure the performance of design activities in the Canadian construction industry; and iii) to examine the possibility of their use in the construction industry. The methodology adopted for this research is based on review of the existing literature on design processes, review of the existing literature on design performance indicators, questionnaire surveys, interviews with practitioners, and case studies. The questionnaires along with the interviews with designers and managers from the Canadian consulting engineering are mainly conducted to explore and indentify indicators affecting the design performance. The case studies are used to validate and amend the use of these indicators in measuring project performance at the design stage. A web-based questionnaire aimed at design and construction firms was constructed. The significance and the quantification of design performance indicators are determined using a statistical package. The results from the questionnaire were used to develop a generic set of nine groups of design performance indicators for the Canadian consulting engineering. However, this research focuses on the heavy construction sector. The nine groups of indicators have been compared in pairs to identify their level of importance to each other. Experts from heavy construction participated in the pairwise comparisons task. Built on the results of the survey and experts judgment, a Model for Design Performance Measurement (MDPM) is introduced. The MDPM uses the standard Analytic Hierarchy Process (AHP) method to assign weights to the scores of the selected indicators, to measure a project performance and to compare projects. The MDPM is tested for small scale heavy constructions. The developed design performance measurement model can 1) predict, track, and control future performance, 2) highlight area/s for future improvement, 3) enable companies to benchmark the performance of different projects from the same or different companies, and 4) document all design performance data.
Author: Antonio Davila
Publisher: Emerald Group Publishing
ISBN: 1780529112
Category : Business & Economics
Languages : en
Pages : 486
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Book Description
In addition to the three plenary sessions, this volume contains some of the exemplary papers that were presented at the 2011 conference; representing a collection of leading research in management control and performance measurement and providing a significant contribution to the growing literature in the area.
Author: Nuridah Sabtu
Publisher: Springer Nature
ISBN: 9819960223
Category : Science
Languages : en
Pages : 535
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Book Description
This book gathers the latest research, innovations, and applications in the field of civil engineering, as presented by leading national and international academics, researchers, engineers, and postgraduate students at the AWAM International Conference on Civil Engineering 2022 (AICCE’22), held in Penang, Malaysia on February 15-17, 2022. The book covers highly diverse topics in the main fields of civil engineering, including structural and earthquake engineering, environmental engineering, geotechnical engineering, highway and transportation engineering, water resources engineering, and geomatic and construction management. In line with the conference theme, “Sustainability And Resiliency: Re-Engineering the Future”, which relates to the United Nations’ 17 Global Goals for Sustainable Development, it highlights important elements in the planning and development stages to establish design standards beneficial to the environment and its surroundings. The contributions introduce numerous exciting ideas that spur novel research directions and foster multidisciplinary collaborations between various specialists in the field of civil engineering. This book is part of a 3-volume series of these conference proceedings, it represents Volume 1 in the series.
Author: Ika Hesti Agustin
Publisher: Springer Nature
ISBN: 9464634456
Category : Electronic books
Languages : en
Pages : 281
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Book Description
