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Techniques for Radical Reduction in Project Cycle Time

Publication No
RS193-1
Type
Research & Development Product
Publication Date
Aug 01, 2004
Pages
17
Research Team
RT-193
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Radical reduction (a reduction of 25% or more in project cycle time compared to industry norms for similar projects) is achievable. Significant reductions, in the range of 25% to 50%, have been achieved on projects in a variety of industries. And, alt
Key Findings

To achieve radical reduction in cycle time, four key drivers must be present, with owner commitment being the most critical: (RS193-1, p. 1)

  • Why
    • A compelling business need
    • Owner commitment
  • How
    • A high performing team
    • Detailed project planning and execution

The characteristics of the projects that showed the most promise for radical reduction in cycle time were as follows:

  • Complex
  • High degree of integration with outside stakeholders
  • High degree of upper management support
  • Large projects with high level of purchasing activities and multiple packages
  • Projects with strong business drivers
(RS193-1, p. 7)
Filters & Tags
Knowledge Area
Project & Program Management
Project Phase
Feasibility, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Construction, Commissioning & Startup, Health, Safety & Environmental, Risk Management, Quality Management, Business Development & Proposals
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Radical Reduction in Project Cycle Time
Keywords
Cycle Time, Fast Track, Schedule/Scheduling, Reduction, Project Delivery Time, rt193

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