The Critical Path Method of project management is very commonly used on construction projects. CPM does not work as well in situations where there are significant “Known-Unknowns” about the plan CPM really breaks down when there are “Unknown-Unknowns”:
By leveraging preconstruction services, contractors can gain a significant competitive advantage. This chart ranks the impact of precon across the basic project delivery methods and four basic dimensions:
When faced with many unknowns, it is important to plan and prepare for multiple scenarios while holding off on being decisive until the last responsible moment.
