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What is the importance of construction engineering
What is the importance of construction engineering
The importance of the construction sector
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The construction industry plays an important role in competitiveness and prosperity of the economy in terms of its significantly contributing to shelter, infrastructure and employment (Anaman and Osei-Amponsah, 2007). A number of researchers have investigated on the vital role of the construction sector to the overall economic growth. In Rhodes’ paper who stated the construction industry in the UK contributed £83.0 billion in economic output in 2012, which accounts for 6% of the total. Also, workforce jobs in the construction industry in UK were 2.03 million in 2012 and 2.12 million in 2013, account 6.4% and 6.5% in total respectively (C. Rhodes, 2013). Oladinrin indicated the significance of construction linkage with the aggregate economy in Nigeria by studying on construction output and Gross Domestic Project (Oladinrin and etc., 2012). A recent report of U.S. Bureau of Economic Analysis showed that the GDP value added of construction industry was $652,723 million in 2014, 3.7% of total GDP (http://www.bea.gov/industry/gdpbyind_data.htm). Besides, a report of U.S. Bureau of Labor Statistics stated the employment by construction industry sector take 4.7%, 3.9% and 4.5% in the year of 2002, 2012 and 2022 respectively (http://www.bls.gov/emp/ep_table_201.htm). The construction industry has been playing an influential role on domestic GDP in China (Zhou and Liu, 2007). A report of National Bureau of Statistics of China …show more content…
Whereas, there have not been many studies exploring mathematical modeling that integrates the subjects of CSCM and construction project management. In this study, we proposes a coordinated supplier selection and resource-dependent project network with final project review sequencing which builds an interface between CSCM and construction project
When we see an economic downturn many of the different industries are affected in different ways depending upon their demand. The industry which always seems to be affected first and the last to recover is the construction industry. The construction industry is one of the largest sectors of the UK’s economy. It contributes around £90billion which is 6.7% of the total and 2.9 million people are employed within the construction sector. (HM Government, 2013) (Barawas and Fleetwood et al., 2013) This contribution is measured by the Gross Value Added (GVA), here below is a table to represent the contribution the construction industries GVA (for 2012 prices) and its % of economy.
According to the Case Management Society of America, case management is "a collaborative process of assessment, planning, facilitation, care coordination, evaluation, and advocacy for options and services to meet an individual's and family's comprehensive health needs through communication and available resources to promote quality, cost effective outcomes" (Case Management Society of America [CMSA], 2010). As a method, case management has moved to the forefront of social work practice. The social work profession, along with other fields of study, recognizes the difficulty of locating and accessing comprehensive services to meet needs. Therefore, case managers work with these
In the contemporary world, there is need for organizations to manage their projects wisely. With most markets quite saturated and with increasing and improving competition from almost all angles, it is imperative how businesses conduct their projects.
Finally, we must create a risk profile to find the optimal strategy. To find the optimal strategy we must multiply the probabilities of each path from the end points of the decision tree. As listed below, the most likely outcome will be a settlement amount at
The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the
The Construction industry in the US has faced some interesting changes throughout its progression. From economic instability during the housing market crash to amazing technological advances to reduce the need for construction workers and therefore the cost associated with newly built properties in the real estate market. Beginning with the first tools ancient man used to carve their niche in the soon to be global expansion of arguably one of the oldest trades in history, construction has a rich history of trial and error, analysis and engineering that covers a very necessary skill that directly affects everyone who seeks and finds shelter, a place to work or any aspect of public works and many
The construction industry sits at the epicenter of many legal disputes, likely because the interactions between construction professionals and property owners dip into a variety of law areas: real estate, contract, employment and tort. The industry is subject to construction laws that have grown from state statutes and cases (mainly from federal government contracts). Many of the doctrines from federal cases are adopted into state law, but states also choose to stretch or narrow these doctrines as needed.
Picture a person who that is juggling doing several things at once; they are balancing a stick in one hand and another stick on their nose. Each stick has a plate on the top that they want to keep spinning without losing balance or dropping either. There is a lot going on in those actions including the exact timing of when to reach up and spin a plate, constant body movement to keep the sticks balanced as not to fall, and a continued push from the free hand to keep both plates spinning. This paradigm could be used to describe integration knowledge area of project management. Schwalbe (2014) defines project management as, “Coordinating all other project management knowledge areas throughout a project’s life-cycle. This integration ensures that all the elements of a project come together at the right
The mining industry is a billion dollar industry that has been around for years. Miners and business insiders know exactly how lucrative the business is. In calendar your 2016 a net profit of $US20 billion was the aggregated profit for global miners. Mining comes at a cost and the deaths of miners is one of the costs. One of the most disastrous mining accidents took over 1500 lives. Still over the world needs miners. To prevent accidents the mining industry has stricter safety regulations. At the same time the industry has also had technological improvements. The stricter safety regulations and technological improvements in mining are
The topic of my group (group 4) was “How to totally float through your project for free” and the presentation was held by Roger Goodman who works for PMI NZ and Ernst & Young supply chain management with many years of working experience in many different countries such as Saudi Arabia and China.
Supply Chain Management (SCM) refers to a management concept, designed to synchronize and internal operational and strategic capabilities between enterprises and the integration into a unified, compelling market forces. As a general philosophy, supply chain management is focused on developing innovative solutions that create value for customers unique, personalized sources. Traditionally, the role of supply chain management business plays within the cement industry. Cement manufacturing process of supply chain management will enable the seamless and integrated logistics channel to maintain a continuous flow of cement source from raw materials to end users. In addition, (Supply Chain Management) is defined as `in order to fulfill (Ultimate Edition) customer demand and improve the overall competitiveness of the supply chain, the purpose of integrating
I investigated a career in Civil Engineering and chose to research a Hendricks County Highway Engineer. According to the O*NET website, the Inventory letters for this career are Realistic, Investigative and Conditional. Based on what I know about this career from the interview, these codes fit the job description well. The Realistic part of the description makes perfect sense because Civil Engineers need to be great when working with hands on problems to create solutions. According to Mr. Ayers, the person I interviewed, one of the most important qualities is to be able to work in practical and hands on situations, even if that does not mean construction models or prototypes. There are some days where Civil Engineers, such as Mr. Ayers will
Most organizations run their businesses by the use of projects. What is a project? How can it be defined? What is project management and why has project management become so significant in today’s modern business environment? The purpose of the paper is to consider the why, what, who, when and where today that project management has become so important. Attempt to consider the history of business and project management to find these answers.
According to the bureau of labor (2016)” employment in construction management is suppose to grow five percent from 2014 to 2024, about as fast as an average
As we realize that Construction is the way toward developing a building or framework. Construction is a general term meaning the art and science to form objects, systems, or organizations and comes from Latin constructionem (from com- "together" and struere "to pile up") and Old French construction. Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without designated purchaser, while construction typically takes place on location for a known client. Construction as an industry compromises of 6 % to 9 % of the gross domestic product (GDP) of developed countries. Construction begins with planning, design, and financing; and continues until the project is built and ready for use. The Construction Industry is a vital marker of the