Tag: dodge analytics

Update: Construction Effects of Hurricane Harvey

AUGUST 30, 2017 – As of this writing, the damage caused by Hurricane Harvey (and the deluge of rain that followed) has been estimated at $50-75 billion. This would make Harvey one of the costliest storms ever to hit the U.S., exceeded only by Katrina’s $108 billion damage and Sandy’s $75 billion. Recent estimates suggest that the cost of Harvey could even exceed that of Sandy, making it the second most costly natural disaster of the past 30 years. Moody’s Analytics estimates that $30-40 billion of this total will be for damage to homes and vehicles, $10-15 billion for businesses such as stores, offices, and industrial space, and $5-10 billion for infrastructure. The toll in terms of human suffering and loss is, of course, incalculable.

TRESTLES - CONSTRUCTION STARTS IN TEXAS

The economic impact of the storm and its effect on construction starts can be broken into two distinct phases, short-term and long-term. Continue reading “Update: Construction Effects of Hurricane Harvey”

Lean Projects 3x More Likely to Complete Ahead of Schedule 

Dodge Data & Analytics recently benchmarked the current state of capital project TRESTLES - HIGH vs. LOW INTENSITY LEAN PROJECTSdelivery performance and found a statistically significant correlation between use of Lean methods and better project outcomes. High Lean intensity projects were three times more likely to complete ahead of schedule and two times more likely to complete under budget.

To establish a benchmark, eighty-one owners responded to Dodge Data & Analytics’ Owner Satisfaction & Project Performance survey by answering questions about their perceived best project and a typical project in the last three years — providing data on schedule, budget, quality and safety performance as well as information on how the project team was organized, the commercial terms for the project and the management methods used. Continue reading “Lean Projects 3x More Likely to Complete Ahead of Schedule “