Problem: Large construction and erection projects often face delays and cost overruns due to poor planning and uncontrollable uncertainties. However, the root cause usually lies in ‘controllable wastages’ like bad multitasking, Parkinson’s effect, and Student’s syndrome.  Solution: Follow Flow principles by focusing on eliminating bad multitasking by limiting work-in-progress (WIP), simplifying planning, and proactively managing execution.  Benefits: This methodology leads to on-time project delivery, reduced lead times (25%-40%), and improved resource utilisation, as demonstrated by successful implementations across various industries, including construction and manufacturing.

Key Takeaways

Large EPC projects are plagued with delays and cost overruns. The reasons are not just external uncertainties but even how they are managed. There is a counter-intuitive yet revolutionary approach to delivering projects ahead of time and within budget.

Caught in a time warp!

<h5>Caught in a time warp!</h5>

Download PDF

Implementation of Critical Chain Project Management helps reduce lead time &amp; avoid cost overrun while protecting scope in NPD, new plant setup, plant expansion, ; other CAPEX projects.