Decription:

Poor performance in construction was highlighted at a CAE conference “The Contract in Successful Project Management”, held in Christchurch, February 2002. Further consultation with industry players since that conference has confirmed the wide-held view that there is significant scope for improvement against key performance indicators when measured internationally. The question we asked was, how might we quantify the contribution made by the sector to the New Zealand economy, and the benefits that might accrue at a national economic level from improvements in production efficiency?

This project report sets out research carried out by Clement Toh as part of a Masterate of Engineering Management in response to these questions. Clement’s research was undertaken with funding support from CAE and the FRST Enterprise Scholarship scheme.

The report brings together industry statistics and economic data from a variety of sources and makes comparisons with similar data published internationally. It was not intended that the report provide an exhaustive assessment of the topic, but rather that it bring together key factors and considerations to serve as future reference material for ongoing CAE work on key performance indicators as a measurement of industry effectiveness.

To this end the report is published as a basis for catalysing discussion and feedback on the issues raised by the author. CAE’s position of independence provides it with the opportunity to take both a detached and, perhaps, wider view of issues. It does so with the intent of adding value to the various stakeholder groups actively engaged in this essential industry sector.