Start improving your change management skills by creating some categories of the underlying causes of changes your company experiences.
change management foreman training preconstruction project management project planningIf you perceive that changes are a problem in construction, then you are likely framing them as a point of blaming others. This framing will impact your ability to effectively manage changes.
business management change management foreman training leadership principles project management wisdomConstruction is a cash-intensive business and change orders are often one of the root causes of poor cash flow. A 30-day improvement to change management workflow can generate over $400K in additional cash flow for a $50M contractor.
cash flow change management financial management foreman training project managementA 10% improvement in change order pricing for a $50M per year contractor will add $500K to their bottom line. This is not about simply marking up the change more, but rather, including the many costs that are typically missed or undervalued.
change management financial management foreman training project managementChanges are a part of the construction process with many underlying causes. While we have all heard the average of 10% changes on construction projects, it is interesting to look at an industry study for validation.
change management foreman training project managementA few life outcomes are determined by chance, but most are determined by choice. You can choose your actions and your thoughts. Choose to do today what others won't, so tomorrow you can do what others can't.
How sustainable is your construction business? Not your ability to build sustainable buildings, but the true sustainability of your business.
Don’t give up just when the going gets tough, that should be your starting point. Know that most others have given up at this same point, so success and competitive advantage is probably just around the corner from when things begin to get tough.
If a construction company is growing at 15% per year, then it will double in size about every five years. Therefore, in general, every position must be training at least two people that will be capable of succeeding them within five years.
Organizational Development OrgDev Recruiting Succession Talent Talent Value Stream (TVS)The first step for contractors improving their management of changes on a project is simply earlier identification. This starts with a better definition of what a change really is, and then setting standards within your company around that definition.
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