Project Planning and Performance of Construction Industry: Perspective from the United States of America
Abstract
Construction industry is a significant contributor to the U.S. economy. The industry has more than 680,000 employers with over 7 million employees and creates almost $1.3 trillion worth of structures yearly. Building is one of the biggest customers for production, mining and also a range of services. Basically, a task is developed to meet market demands or demands in a timely fashion. Different possibilities may be thought about in the conceptual drawing board, and also the technical and also financial feasibility of each alternative will be assessed and compared in order to select the very best feasible job. In the procurement and also building stage, the distribution of products and the erection of the project on website have to be carefully planned and managed. The planning phase is commonly hastily and also perfunctorily executed without correct factor to consider, in favor of jumping into layout and the production of drawings and building and construction documents. Correct planning is what will identify just how to achieve the owner's vision. Industry research studies have shown a regular correlation in between reliable preparation and project success and maintain the property that decisions made at the very early meaning stages set the calculated structure for the job. This study analyzed the influence of task planning on efficiency of building sector: Perspective from the USA of America. The study found that the US building and construction sector is just one of the biggest industries worldwide, with a yearly expenditure of over $1,293 billion. It contributes an essential portion to the GDP value of the USA, aiding it increase the economic climate. This has resulted in an explosion in building projects throughout the nation companies in this space remain in for quick development. Nonetheless, challenges are swiftly creeping up to hinder this explosion. A few of these consist of: High interest rates, leading to a boost in competition among building and construction firms. Inaccurate supply counts that create a disparity between need and supply. Inaccurate calibration that leads to unstable frameworks and put lots of lives in danger. The majority of these challenges are easy to conquer if business would just consider removing ineffectiveness in their inner processes. The study concluded that it is necessary to comprehend that building projects are fluid, so it isn't uncommon for the strategic plan to alter as the circumstances surrounding the project change.
Keywords. Project, Planning, Performance, Construction industry, United States of America.
References
Akan, M. Ö. A., Dhavale, D. G., & Sarkis, J. (2017). Greenhouse gas emissions in the construction industry: An analysis and evaluation of a concrete supply chain. Journal of Cleaner Production, 167, 1195-1207.
Allam, Z. (2020). Privatization and privacy in the digital city. In Cities and the digital revolution (pp. 85-106). Palgrave Pivot, Cham.
Baker, P., Giustozzi, L., Gloser, J., Hanzl-Weiss, D., Merkus, E., Molemaker, R. J., & Stehrer, R. (2017). The European construction value chain: performance, challenges and role in the GVC (No. 418). wiiw Research Report.
Chang, Y., Yang, Y., & Dong, S. (2018). Comprehensive sustainability evaluation of high-speed railway (HSR) construction projects based on unascertained measure and analytic hierarchy process. Sustainability, 10(2), 408.
Chigozie, A. C.(2020). Skyscrapers Construction Technology: A BIM Approach.
Crouzet, N., & Eberly, J. C. (2019). Understanding weak capital investment: The role of market concentration and intangibles (No. w25869). National Bureau of Economic Research.
Cruz, C. O., Gaspar, P., & de Brito, J. (2019). On the concept of sustainable sustainability: An application to the Portuguese construction sector. Journal of building engineering, 25, 100836.
Dekle, R. (2020). Robots and industrial labor: Evidence from Japan. Journal of the Japanese and International Economies, 58, 101108.
Demirkesen, S., & Ozorhon, B. (2017). Measuring project management performance: Case of construction industry. Engineering Management Journal, 29(4), 258-277.
Di Muro, P., & Turner, J. R. (2018). Entrepreneurial opportunity pursuit through business model transformation: a project perspective. International Journal of Project Management, 36(7), 968-979.
Dominic, J., Houser, J., Steinmacher, I., Ritter, C., & Rodeghero, P. (2020, June). Conversational Bot for Newcomers Onboarding to Open Source Projects. In Proceedings of the IEEE/ACM 42nd International Conference on Software Engineering Workshops (pp. 46-50).
Gamache, D. L., & McNamara, G. (2019). Responding to bad press: How CEO temporal focus influences the sensitivity to negative media coverage of acquisitions. Academy of Management Journal, 62(3), 918-943.
Johari, S., & Jha, K. N. (2020). How the aptitude of workers affects construction labor productivity. Journal of Management in Engineering, 36(5), 04020055.
Kameda, K., Miwa, H., & Nagamine, J. I. (2021). Effects of reconstruction works on private employment after a natural disaster: A case in the stricken area of the Great East Japan Earthquake. International Journal of Disaster Risk Reduction, 52, 101968.
Kato, K., Nakamura, T., & Nemoto, T. (2020). The development of Japan’s transportation infrastructure for the Tokyo Olympics and Paralympics. TRANSPORT POLICY IN PERSPECTIVE, 2020, 4-16.
Kawesittisankhun, K., & Pongpeng, J. (2020). Social Sustainability: Satisfying Owners and Communities by Multilevel Strategies of Contractors. Sustainability, 12(5), 2131.
Li, J., Greenwood, D., & Kassem, M. (2019). Blockchain in the built environment and construction industry: A systematic review, conceptual models and practical use cases. Automation in Construction, 102, 288-307.
Lin, J. J., & Golparvar-Fard, M. (2020). Construction Progress Monitoring Using Cyber-Physical Systems. In Cyber-Physical Systems in the Built Environment (pp. 63-87). Springer, Cham.
Matsuo, Y., Endo, S., Nagatomi, Y., Shibata, Y., Komiyama, R., & Fujii, Y. (2020). Investigating the economics of the power sector under high penetration of variable renewable energies. Applied Energy, 267, 113956.
Melenbrink, N., Werfel, J., & Menges, A. (2020). On-site autonomous construction robots: Towards unsupervised building. Automation in Construction, 119, 103312.
Menches, C. L., Hanna, A. S., Nordheim, E. V., & Russell, J. S. (2018). Impact of pre‐construction planning and project characteristics on performance in the US electrical construction industry. Construction Management and Economics, 26(8), 855-869.
Meng, X., Zhang, W., Bao, Y., Yan, Y., Yuan, R., Chen, Z., & Li, J. (2020). Sequential construction planning of electric taxi charging stations considering the development of charging demand. Journal of Cleaner Production, 259, 120794.
Mohammed, A. N. G. (2019). Daley Issue in Time Planning of Construction Projects in Ministry of Public Works & Road-Yemen (Master's thesis,
Oswald, D., & Dainty, A. (2020). Ethnographic research in the construction industry: a critical review. Journal of Construction Engineering and Management, 146(10), 03120003.
Peurifoy, R. L., Schexnayder, C. J., Schmitt, R. L., & Shapira, A. (2018). Construction planning, equipment, and methods. McGraw-Hill Education.
Picciotto, R. (2020). Towards a ‘New Project Management’movement? An international development perspective. International Journal of Project Management, 38(8), 474-485.
Rahimian, F. P., Seyedzadeh, S., Oliver, S., Rodriguez, S., & Dawood, N. (2020). On-demand monitoring of construction projects through a game-like hybrid application of BIM and machine learning. Automation in Construction, 110, 103012.
Rose, C. M., & Stegemann, J. A. (2018, September). Characterising existing buildings as material banks (E-BAMB) to enable component reuse. In Proceedings of the Institution of Civil Engineers-Engineering Sustainability (Vol. 172, No. 3, pp. 129-140). Thomas Telford Ltd.
Saieg, P., Sotelino, E. D., Nascimento, D., & Caiado, R. G. G. (2018). Interactions of building information modeling, lean and sustainability on the architectural, engineering and construction industry: a systematic review. Journal of cleaner production, 174, 788-806.
Sanchez, B., & Haas, C. (2018). Capital project planning for a circular economy. Construction Management and Economics, 36(6), 303-312.
Serrador, P. (2013). The impact of planning on project success-a literature review. The Journal of Modern Project Management, 1(2).
Szymański, P. (2017). Risk management in construction projects. Procedia Engineering, 208, 174-182.
Teizer, J., Neve, H., Li, H., Wandahl, S., König, J., Ochner, B., ... & Lerche, J. (2020). Construction resource efficiency improvement by Long Range Wide Area Network tracking and monitoring. Automation in Construction, 116, 103245.
Yu, M., Zhu, F., Yang, X., Wang, L., & Sun, X. (2018). Integrating sustainability into construction engineering projects: Perspective of sustainable project planning. Sustainability, 10(3), 784.
