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Recent Small Project Benchmarking Data

Event Date

Apr 01, 2006

Type

Workshop Presentation

Research Team

RT-161

Slides

Topic

Executing Small Capital Projects

DOCUMENT DETAILS

Abstract

Filters & Tags

Abstract

The mission of the Construction Industry Institute is to improve the construction industry through research and implementation. Through its research, CII has provided the industry with new tools, and in the process has become a principal national forum for the construction industry. The CII Executing Small Capital Projects Research Team and its work build upon that legacy. Research conducted by the team indicates that a small project program can significantly increase its performance if the following key items are incorporated: Front-end planning that incorporates project checklists. Core project teams that can improve schedule and decrease the funding approval cycle. Standard written processes specifically geared to small projects. Maintenance projects that are combined with a small capital projects program. Alliances and preferred supplier agreements. Small projects are often viewed as being of lesser importance to corporate success than large capital projects. When managed under the umbrella of a small projects program, however, their significance becomes apparent. On average, a CII firm assigns approximately $30 million to its small projects program. If significant savings can be achieved through more effective execution of this program, management is in a position to increase the number of small projects, contributing to the profitability of the corporation. This publication summarizes the research effort that led to the CII Implementation Resource publication, The Small Projects Toolkit. After reviewing this summary, readers are encouraged to read and use the Toolkit, which presents best practices and tools to assist a corporation in increasing their small project performance. With increased global competition, the Toolkit offers both managers and project managers several effective tools to improve small project programs and small project execution.

Filters & Tags

Knowledge Area

Business and Project Processes, Project & Program Management

Project Phase

Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout

Project Function

Project Business Sponsor, Project Management, Architects & Engineering, Project Controls, Procurement & Contracts, Construction, Commissioning & Startup, Operations & Maintenance, Health, Safety & Environmental, Risk Management, Quality Management, Business Development & Proposals

Industry Group

Light Industrial, Heavy Industrial, Buildings, Infrastructure

Research Topic

Executing Small Capital Projects

Keywords

Small Project Execution, Front-end Planning, Project Checklists, Maintenance Projects, Small Project Written Processes, Preferred Supplier Agreements, Program Management, Small Project Organization, Continuous Improvement, Change Management, Project Controls, rt161

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