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Mary Stepnick Todd Alsdorf Today’s marketplace is one of global customers and intense competition. It is vital for manufacturing businesses of all kinds to take advantage of any strategy to improve their ability to respond to market changes through efficient capital improvement projects. One of the most important factors that can help them achieve these goals is reducing the cost of capital associated with construction. Manufacturing leaders are under more pressure today than ever before. That means that they need to bring products to market and change over existing product lines quickly and cost-effectively if they want to enhance their competitive advantage. The construction industry has been mired since the middle of the 20 th century with little to no productivity improvement. The construction industry has struggled to translate technology advances into improved productivity, held back by archaic and highly litigious contracting methodologies that encourage behaviors that are not in the best interest of improving the speed and cost-effective deployment of capital improvement projects. Over the same time period, the manufacturing sector has had significant productivity improvements due to the adoption of new technologies and manufacturing methods, such as Lean Manufacturing, that have resulted in the construction costs of bringing new products to market becoming a larger share of the overall capital improvement project. One new project delivery method attracting attention is Lean Project Delivery (LPD). This approach is based on the same principles of waste and cost reduction that have helped the manufacturing sector achieve tremendous productivity improvement, and transforms the way manufacturing businesses move through their projects. While senior stakeholders can question new and unfamiliar concepts, the potential benefits posed by LPD are worth investigating. Here is an overview of LPD, with particular focus on implementing Conditions of Satisfaction. Essential LPD Elements As with any kind of […]
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