lec_09 - MIT OpenCourseWare http:/ocw.mit.edu 1.133 M.Eng....

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MIT OpenCourseWare http://ocw.mit.edu 1.133 M.Eng. Concepts of Engineering Practice Fall 2007 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms .
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PROJECT MANAGEMENT 2 Dr. Chu E. Ho ARUP October 8 2008
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WHAT IS A PROJECT ? WHAT IS A PROJECT ? Organization of resources into activities Implementation of the activities in a logical sequence
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WHAT ARE RESOURCES ? WHAT ARE RESOURCES ? Materials Equipment Technology People Time Money
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NATURE OF THE NATURE OF THE CONSTRUCTION INDUSTRY CONSTRUCTION INDUSTRY Like Manufacturing industry Like Manufacturing industry – Involves the production of a Involves the production of a physical product physical product Like Service industry Like Service industry – Does not accumulate large amount of Does not accumulate large amount of capital capital – Many small businesses Many small businesses
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NATURE OF THE NATURE OF THE CONSTRUCTION INDUSTRY CONSTRUCTION INDUSTRY Like Manufacturing industry Like Manufacturing industry – Involves the production of a Involves the production of a physical product physical product Like Service industry Like Service industry – Does not accumulate large amount of Does not accumulate large amount of capital capital – Many small businesses Many small businesses Success or failure is highly dependent on the qualities of the p Success or failure is highly dependent on the qualities of the p eople eople rather than rather than Technologies protected by patent Technologies protected by patent or or Availability of capital facilities Availability of capital facilities
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D D esire for Uniqueness of Product esire for Uniqueness of Product (not Mass Production) (not Mass Production) O O rganization structure is highly specialized rganization structure is highly specialized and layered and layered C C omplex interlocking of interests and traditions omplex interlocking of interests and traditions - - Architecture Architecture CONSTRUCTION INDUSTRY IS CONSTRUCTION INDUSTRY IS HIGHLY CUSTOM ORIENTED HIGHLY CUSTOM ORIENTED
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A A dvances tend to develop from innovations or dvances tend to develop from innovations or “better ideas better ideas C C annot be protected by laws of secrecy or patents annot be protected by laws of secrecy or patents Ι Ι deas disseminate quickly deas disseminate quickly B B enefit Competitors enefit Competitors L L CONSTRUCTION INDUSTRY CONSTRUCTION INDUSTRY IS HIGHLY INCENTIVE ORIENTED IS HIGHLY INCENTIVE ORIENTED
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INTEREST GROUPS Owner wants to achieve best value for their investment Contractors desire to bid low enough to win but high
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lec_09 - MIT OpenCourseWare http:/ocw.mit.edu 1.133 M.Eng....

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