In order to receive proof of CEU credits, you must watch this presentation in its entirety and complete the survey.
Level: Basic
TCM Section(s): 11.2. People and Performance Management
Venue: 2020 AACE International Conference & Expo
Abstract: In the last decade Peru has experienced a growth in its economy, which is positively impacting all sectors, especially construction. This conjuncture brings advantages and opportunities for all, especially for small construction companies which face new challenges seeing themselves in need of implementing new management tools that will allow them to obtain competitive advantages in the market.
One of the main challenges is the change of its organizational culture, which tends to be of the type of young, small, and inexperienced organizations. This paper will identify the primary weaknesses of small companies by examining their internal operating processes, where the staff covers multiple functions and tasks. It also describes the internal processes of companies that have implemented and are using management tools to control construction projects.
To carry out the implementation of cost control tools in a typical Peruvian small construction company successfully, 5 stages are identified where the processes and actions to be executed by all the company's collaborators will be described.
It is concluded that it is feasible to implement cost control tools for a small business, provided there is a commitment from the management, since active participation and effective leadership is key for the success of the proposed process.
TCM Section(s): 11.2. People and Performance Management
Venue: 2020 AACE International Conference & Expo
Abstract: In the last decade Peru has experienced a growth in its economy, which is positively impacting all sectors, especially construction. This conjuncture brings advantages and opportunities for all, especially for small construction companies which face new challenges seeing themselves in need of implementing new management tools that will allow them to obtain competitive advantages in the market.
One of the main challenges is the change of its organizational culture, which tends to be of the type of young, small, and inexperienced organizations. This paper will identify the primary weaknesses of small companies by examining their internal operating processes, where the staff covers multiple functions and tasks. It also describes the internal processes of companies that have implemented and are using management tools to control construction projects.
To carry out the implementation of cost control tools in a typical Peruvian small construction company successfully, 5 stages are identified where the processes and actions to be executed by all the company's collaborators will be described.
It is concluded that it is feasible to implement cost control tools for a small business, provided there is a commitment from the management, since active participation and effective leadership is key for the success of the proposed process.