Managing Construction 7

Question 1

Smart contractors define and document:

Answer 1

Their MAJOR PROCESSES. They are written down and are a basis for managing the business.

Question 2

A CONTRACTING BUSINESS MANUAL represents a mechanism for internal communication, structured through:

Answer 2

Forms
Process Maps
Written details

Question 3

A CONTRACTING BUSINESS MANUAL (PROCEDURE MANUAL) is also an impressive document to:

Answer 3

present to external parties, such as surety agents, potential customers, etc.

Question 4

You make more money on:

Answer 4

The COST side of the project than on the SALES side.

Question 5

Construction is a_________________business.

Answer 5

SERVICE.

So one third of what you can offer your customer (Quality, Price, Service) IS ALREADY CHOSEN FOR YOU.

Question 6

Focus on starting out well organized and coordinated in:

Answer 6

THE FIRST 25% OF THE PROJECT. This is the biggest opportunity to cut time and save money during construction.

Question 7

The steps to increase utilization (EFFECTIVENESS):

Answer 7

1. Plan your week
2. Keep track of that plan
3. Keep track of interruptions to your plan during that week.
4. Look at the major causes for not making your plan and for its interruptions.
5. Take actions to eliminate those leading causes: TAKE CONTROL OF THE CONTROLLABLES.
6. Then, look at the minor causes and address them.
7. REPEAT.

Question 8

As a general statement, RESOURCE MANAGEMENT is about:

Answer 8

1. Planning
2. Measuring
3. Communicating
4. Feedback

Question 9

If you are constantly missing deadlines, it means that

Answer 9

you are scheduling too much to accomplish.

SCHEDULE TO 80% OF YOUR CAPACITY.