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Project Portfolio Management in the Construction Sector: Alignment with Organizational Strategies

by Shankar Sankaran, Catherine Killen, Jeff Scales, Stewart Clegg, Hedley Smyth
June 07, 2022 | 62:52 | Views: 17,813 | PDUs: 1.00 | Rating: 4.52 / 5

Project portfolio management (PPM), when tailored to context, improves the effectiveness of senior management decision making on selecting, prioritizing, funding, monitoring, and adjusting projects. Such portfolio-level approaches can improve alignment with an organization’s strategy and enhance return-on-investment (ROI). Although the construction sector is strongly project-based and represents a major segment of the global economy (13% of GDP $ 10 trillion in 2018 projected to $14 Trillion by 2025), little is known about whether and how Project Portfolio Management (PPM) can provide benefits in this important sector. The research team from Australia and the United Kingdom investigated approaches to strategic alignment and PPM through inquiring into project-based practices of organizations in the construction sector. We found that PPM approaches are used in the case firms investigated, despite the fact that the terms ‘portfolio’ and ‘portfolio management’ were not always used. Our findings also show PPM approaches being tailored to suit the construction context.

How Digitalization Affects Project Management – Evidence from Two Case Studies in the Construction Industry

by Timo Braun, eskil ekstedt
September 24, 2019 | 59:56 | Views: 71,958 | PDUs: 1.00 | Rating: 4.33 / 5

Digital transformation is a phenomenon occurring across sectors and nations, affecting not only technical processes, but also organizational forms and managerial practices. Among them are: (1) project-based organizations (PBOs), common in traditional sectors like the construction industry, and (2) project networks (PNWs), the most favorable form of project organizing in modern service and creative industries. Project management, which is often used as an agent for change, plays a significant role in initiating and implementing digital transformation. To analyze the digital transformation of traditional PBOs and modern PNWs, comparative case studies in the context of commercial construction have been conducted in Sweden and in Germany.

Risk Identification and Management in Construction

by Keith Nixon
September 14, 2019 | 44:51 | Views: 6,604 | PDUs: 1.00 | Rating: 4.50 / 5

Expanding the Project Managers ability to manage risk - contractors perspective of identification and management of civils risks and opportunities at time of bid through construction.

تطبيق فلسفة اللين فى إدارة المشروعات بإستخدام نمذجة معلومات البناء

by Ahmed Mohamed Ahmed
June 18, 2019 | 61:48 | Views: 1,169 | PDUs: 1.00 | Rating: 4.63 / 5

تعكس أهداف المشروع بشكل عام احتياجات ورغبات أصحاب المصلحة في المشروع، ويجب تنسيق هذه الاحتياجات والرغبات المتنوعة جماعيًا لتجنب التعارض مع أهداف المالك. ويرتبط نجاح المشروع ارتباطًا وثيقًا بالتعاون بين أصحاب المصلحة مع تكامل المعلومات بين الجميع خلال دورة حياة المشروع. وتساعد نمذجة معلومات البناء (BIM) على ترجمة القيمة لدى المالك إلى مشروع ناجح من خلال تمكين تدفق المعلومات المستمر وتقديم منتج عالي القيمة. وتعتبر عملية البناء واحدة من أقدم الصناعات والتى يُنظر إليها على أنها مجموعة من الأنشطة التي تهدف إلى تحقيق ناتج معين. وتشمل عملية الإنشاء على أنواع مختلفة من الفواقد والتي قد تحول المشروع الجيد إلى مشروع سيء، حيث تُوجد الكثير من الفواقد والهدر أثناء عملية البناء والتى قد ترجع إلى سوء التصميم، وسوء المشتريات والتخطيط، وعدم الإستخدام الأمثل للموارد، وبقايا المواد الخام، والتغيرات غير المتوقعة في تصميم المبنى وغيرها. والمصدر الرئيسى لهذه الفواقد هو مشاركة المعلومات دون المستوى الأمثل، وعدم فهم الطبيعة التكرارية لمراحل التصميم المفاهيمية والتخطيطية.

Introduction to Delay Analysis & Forensic Planning

by Ahmed Fouad Sedky
April 10, 2019 | 59:19 | Views: 9,515 | PDUs: 1.00 | Rating: 4.42 / 5

This webinar provides an introduction to Delay Analysis; Forensic Planning; and Scheduling and how they relate to Extension of Time Requests preparation and submission. Attendees will learn: Delay types and how disputes arise; the difference between the Critical Path and the Longest Path; delay analysis / forensic planning/ scheduling techniques and when to use each technique; and tips on preparing successful Extension of Time Requests.

How an Awarded Project Reduced Rising Roadway Congestion through Light Rail Extension

by Lorelie Kaid, Joseph Gildner
November 06, 2018 | 60:17 | Views: 52,612 | PDUs: 1.00 | Rating: 4.63 / 5

When Sound Transit decided to expand the light rail system in Seattle, Washington, USA, it had to find a way to tunnel under the densely populated city without disrupting life above ground. Seattle was the second worst city in the U.S. for time commuters were stuck in traffic. The University Link Light Rail Extension extended the light rail system 3.2 miles (5 kilometers) through underground tunnels providing relief for roadway congestion. The rail line opened months ahead of schedule, and the project closed US$200 million under budget. This project was a finalist for the 2017 PMI Project of the Year Award. Learn about this awarded project’s challenges, best practices, and lessons learned in this webinar.

Introduction to Integrated Project Delivery: History, Overview, and Benefits

by Markku Allison
April 25, 2017 | 60:24 | Views: 4,198 | PDUs: 1.00 | Rating: 4.22 / 5

A recent addition to collaborative delivery models in the design and construction industry, IPD promises improved project outcomes in many dimensions. This session will explore the origins of IPD, cover its contractual and management structure, and share recent industry research about its effectiveness.

Risk Management in the Construction Sector

by Manavasi Ramesh
March 27, 2017 | 61:51 | Views: 5,340 | PDUs: 1.00 | Rating: 3.59 / 5

A project goes through various levels of interaction between multitudes of people, with different skill sets competing interests and also involves planning, scheduling, and coordination of a wide range of both independent and interrelated activities. In addition, the influence of external factors requires this industry to solve complex environmental issues.

Caterpillar Inc - Building Better Communities with Pro Bono Project Management

by Jeremy Pasley, Seth Norburg, Jeffrey Zircher, George Puhl
November 29, 2016 | 58:55 | Views: 28,177 | PDUs: 1.00 | Rating: 4.22 / 5

In this webinar we will explore how Caterpillar's Global Program Management team is growing project management capability and competency in non-profits and charity organizations and how you can make a difference in your own community through the use of project management.

Improve Scope Definition and Reduce Risk in Capital Construction Projects

by Sandra MacGillivray
July 26, 2016 | 60:30 | Views: 5,450 | PDUs: 1.00 | Rating: 4.27 / 5

Poor scope definition is recognized as one of the leading causes of project failure. It is directly linked to cost and schedule overruns, as well as long term operational issues. This webinar provides an introduction to PDRI – the Project Definition Rating Index, a methodology developed by the Construction Industry Institute (CII) to ensure appropriate scope definition in construction projects.

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