Construction labor efficiency and productivity has decreased, while all other non-farming labor efficiency has doubled or more since the 1960s.
Currently, 70% of projects are over budget and delivered late. The industry still sees about 800 deaths and thousands of injuries per year.
Continue reading “70% Of All Construction Projects Are Over Budget & Delivered Late”
Dodge Data & Analytics recently benchmarked the current state of capital project delivery 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 “