It is no longer just a theory—construction is going through the industrialization phase of its life cycle. The competition in construction is no longer just between union and open-shop contractors; it is coming from overseas as well. Like many industries, the construction industry is under constant pressure to improve productivity and reduce cost and waste. While the productivity in the manufacturing industry has improved by four hundred percent over the last century, the construction industry’s productivity has stayed flat, if not negative. This program will layout the required structure and tools needed for contractors to get ready to adopt industrialization, reduce cost and stay profitable.
Following this course, participants will be able to:
• List the five factors of industrialization
• Explain how to manage projects to stay ahead of the game
• Discuss how to restructure a company to reduce cost and stay profitable
• Describe the tools needed such as prefabrication, vendor managed inventory, project productivity tracking and short interval scheduling