Real Estate and Infrastructure

Our Solution:

The primary objective of real-estate and infrastructure firms is to make money through speedy and timely project completions, resulting in faster inflow of revenue.  Other related objectives are to complete the projects within stipulated budget and scope for enabling a healthy bottom-line and creating customer satisfaction.  This is in conflict to current business dynamics where project delays and cost overruns are commonplace. 

The prevalent project management paradigm breaks down the project into tasks, and each task is managed with defined timelines.  Uncertainty, potential effects of murphy and resource contentions are not considered in the planning phase.  The planning output is thus inadequate and lacking completeness.  The drawbacks of the partial plan are observed during the execution cycle – observed through disharmony in the system.  Our solution challenges the following aspects of project management & execution:

• Task Completion: Focus to complete each task on time;
• Student Syndrome: There is embedded significant safety for each task.  Task safety gets consumed, but tasks are frequently delayed.
• Parkinsons Law: Work expands so as to fill the time available for its completion;
• Integration Points have to wait for all prior tasks to be complete; Delay in any task leads to delay in next activity in the chain;  Delays are transferred, whereas gains are not transferred;
• Murphy Exists:  Uncertainty exists in each project environment, and hits without notice, leading to project delays.
• Bad Multitasking: In a multi-project environment, resources are contending between multiple projects, each pulling for resource allocation priority.  Whenever there is bad multitasking the actual time invested in working on the task and the lead time of completing the task are drastically different;

Our solution (CCPM+) offers a powerful alternative management paradigm, a paradigm shifting mechanism for project management & execution.  Deploying the execution methodology for real-estate and infrastructure companies, our holistic solution offers a set of business level interventions to enable business growth and profitability.  The methodology enables completing projects on time within the stipulated budget & scope – thus creating a differentiated value proposition and competitive edge for the business. Our solution of Managing Projects provides a direction of solution based on the below set paradigms:

1. Focus on project completion – establish estimated compressed timelines for task completion;  Task timeline estimations do not become commitments;
2. Include resource planning as part of project plan – stagger project activities subordinating to resource contention; This will eliminate bad multitasking;
3. Identify the constraint, i.e. the longest chain of dependent tasks (considering task time estimates & resource allocations)
4. Establish a project buffer for protection against murphy;  Aggregate the safety embedded from each critical chain task and use it to protect the entire project;
5. Project is managed & reviewed based on critical chain completion & buffer consumption;
6. It does not matter how much work was already put into the task – it matters when the project will be completed: Resources should report their estimates on when the task they are working on will be completed;

Benefits:

• On-time / Early project completion and within budget;
• Optimal cash invested at any given time; Limited work in process;
• Clearly defined and visible priorities for each resource; No conflicts between resources;
• Strong visibility of project progress for all levels of management.  Clear visibility of project completion date and associated risks;  Early warnings in case of delays for control and corrective actions;