Home Improvement

Abstract:A survey of 21 U.S. residential builders highlighted the use of quality management methods and opportunities for cost savings. The cost of quality can be as high as eight to 15% of residential constructions costs, and preventing issues can yield a 6-to-1 return in investment. The survey examined issues including wasted time and rework time, budget overages, warranty work and employee and customer satisfaction. Results showed a gap between target and actual construction cycle time is common, and costs over planned budgets ranged from 0.3 to 3.5%. Inspection represented a significant opportunity for improvement and cost containment by focusing efforts on training and coordination to ensure work is done right the first time. Proven leaders in this study can stimulate other builders' improvements by sharing their best practices as …

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--Gloria Graves, 09-21-2016

This is a very good research coming from Construction Industry. My hope is that this will extend to building capital projects like Oil & Gas, Mining & Metals and infrastructure where massive resources are involved. Mckenzie Global Institute estimates that the world will need to spend $57 trillion on infrastructure by 2030 to keep up with global GDP growth. This is a huge motivation to key players within Construction Industry but it needs to come up with creative solution, improve productivity and ensure the success of project delivery by introducing new technologies and application of best practices. Quality and Innovation will play a big role if these are used as strategies correctly by the key players.
--Cherry Trinidad, 09-08-2016

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