Developing New Strategies to Evaluate Capital Construction Project Planning
Construction companies spend significant amounts of resources on front end planning (FEP). The potential to obtain substantial benefits from a strategic implementation of front end planning practices across an entire portfolio have made the evaluation of FEP an important issue for both project leaders and scholars. The opportunity now exists to mine the constituent elements of the index based on historical project data sets to develop methods for planning proactive strategies in capital projects execution. The main objective of this proposal is the development of a new statistical analysis method for examining FEP data to streamline and monitor project resources throughout the project lifecycle. This method would be more broadly applicable for use with further discoveries such as operational excellence management, where health and safety risk reporting is a constant challenge for capital projects.