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Craft Risk/Availability Forecasting Tool

Publication No
IR318-2
Type
Checklist/Flowchart/Matrix, Guidelines/Suggestions
Publication Date
Sep 01, 2015
Pages
7
Research Team
RT-318
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Over the past several decades, the U.S. construction industry has experienced cycles of recessionary decline followed by periods of industry growth. During growth periods, projects have experienced craft labor shortages across multiple trades, in term
Key Findings
IR318-2, Impact of Craft Labor Availability on Project Performance (CRAFT)

This resource provides a CRAFT five-step process for quantifying the risk posed by labor availability on project safety, cost, and schedule performance. CRAFT is a risk analysis tool and decision-making aid focusing on heavy industrial projects in the U.S. and Canada.
Filters & Tags
Knowledge Area
Construction Execution, Human Resource Management
Project Phase
Construction
Project Function
Project Business Sponsor, Project Management, Construction, Operations & Maintenance, External Stakeholders
Industry Group
Light Industrial, Heavy Industrial, Infrastructure
Research Topic
Is There a Demographic Craft Labor Cliff That Will Affect Project Performance
Keywords
Craft labor shortages, Construction real wages, CRAFT, Project performance, Wage gap, Craft labor cliff, rt318

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