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Construction Industry Validation of Schedule Performance Measure

Publication No
CPF-RGA-07-16
Type
Academic Document
Publication Date
Jun 01, 2019
Pages
46
Research Team
CPF-RGA 07-16
DOCUMENT DETAILS
Abstract
Key Findings
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Abstract
This research summary examined schedule performance measurement. The project built upon the theoretical foundations for a schedule performance measure (or index) developed in previous research. Specifically, its purpose was to “establish a ‘living’ sc
Key Findings

The researchers applied the Schedule Beta calculation to 52 subcontracts and were able to capture Schedule Beta scores across several ranges, which indicate certain subcontractor traits and can be used to benchmark subcontractor performance.

Schedule Beta can be used to benchmark subcontractor performance and aid in the selection of which ones to use, given the specific project parameters, goals, and needs. In practice, Schedule Beta can be implemented similar to the Experience Modification Rate (EMR) of a subcontractor, allowing performance to be measured over a period of years and used in evaluation of the subcontractor.

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Research Topic
Construction Industry Validation of Schedule Performance Measure
Keywords
Predictability, Decision Making, Economics, Business Case, CPF-RGA 07-16