Abstract The construction industry is large and diverse, with lot of companies and professional bodies. This makes it thought-provoking to develop a common vision and priorities. Activities in the industry are always term as project and these projects must be procured and managed thus making the concept of procurement and project management inevitable in the construction industry. This paper will begin by briefly introducing the reader to the construction industry and try to find and give appropriate
analysis in construction projects N.Hari Raghavan, M.TECH; C.Venkatasubramanian, Ph.D. Abstract Cost, time, risks and availability of funds are the key factors in any construction project. Project managers are prone to face various risk factors that affect project cost and time duration of the project. This paper concentrates on the effect of risks on the overall cost of the construction projects. Questionnaire was prepared considering various risk factors that are associated with construction process
Construction has made a vital contribution to the competitiveness and prosperity of the economy. However, the importance of construction industry to Hong Kong has been unjustifiably neglected by the government. The Hong Kong Government has not recognized construction industry as a pillar industry. In our opinion, construction industry has a potential for further development.Its importance will be illustrated from economic contribution and social contribution two perspectives in depth. In the economic
According to the Construction Industry Institute (1995), adequate front-end planning on construction projects does not always mean the project will be successful, however, as a result of inadequate front-end planning on the construction projects, more projects have failed than not. Information is gathered through the front-end planning process which helps in making decisions whether or not the project should be approved, terminated or alternatively the project could be modified before it can
Accidents in the construction industry are costly in human and financial terms. The economic cost is not the only basis on which a contractor should consider construction safety. The reasons for considering safety are humanitarian concerns, economic reasons, laws and regulations, and organizational image . Cost of safety is paid by the organization either through the uncontrolled cost of accidents or through the controlled cost of safety program . The uncontrolled cost of accidents includes the loss
countless projects. The investors / owners naturally have a right and are interested in “best value for the money spent” The construction projects, there are numbers of constraints which effect output e.g. Labor, Environment, Location etc. So, Zero wastage is not possible for any type of project. The aim of this study work is to find reasons of material wastage on construction site of multi storied buildings and how it can be minimized. So, overall project cost can be reduced or profit maximized. The
health care jobs and other professional settings. Also in computer based jobs, packaging, school workshop, construction, sawmill tasks, supermarket industry, food
this project. PROJECT BACKGROUND Nowadays, the manufacturing industry is growing more fast and complex. As example, Small and Medium Enterprises (SME’s) have always played as a role in the economies of all major industrial societies and employment levels where most of the new manufacturing concepts and technologies have been widely implemented in manufacturing industries. In order to achieve the objective which to improve productivity and quality, an attempt has been made to conceive and implement
been suffering due to the global recession. Although commercial companies are in decline because of the economic crisis and the tough competition they have to deal with, they have to accept the challenge and try to improve their efficiency and productivity even further. It is important to mention that with the term efficiency in a company, we do not refer only to its economic profit but to a broader spectrum deriving from it. More analytically, improvement in efficiency also means improvement
Devin Thomas Ann Herman English III 3rd block November 24 2014 The Importance of Underwater Welding Underwater welding is often overlooked as a career and in the economy. Most people do not understand that underwater welding is not just used on ships. It is used in many other ways such as oil rigs, bridges, road systems and naval equipment. Industries depend on welding to perform repairs and construct strong support systems. A career in underwater welding is demanding, rewarding