ICBM Symposium 2011

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ICBM Symposium 2011

  1. 1. INTERNATIONAL CONSTRUCTION BUSINESS & MANAGEMENT SYMPOSIUM 2011 21 – 23 SEPTEMBER 2011 COLLABORATING TO WIN: CREATING SUSTAINABLE RESULTS FOR JOINT VENTURESAuthor(s):Tahir Hanif - PhD Student, Kingston University London /Project Control Specialist, Qatar Public Works Authority (Ashghal)Professor Mukesh Limbachiya - Head of School of Civil Eng. &Construction, Director of Sustainable Technology Research Centre,Kingston University - LondonAlan Ellis - Course Director MSc Programmes, School of Civil Eng. &Construction, Kingston University - London
  2. 2. PRESENTATION OUTLINE Introduce a framework for Joint Ventures Thereasons behind it How it is implemented? Management Symposium 2011 International Construction Business & How it is monitored? How all participants benefit from it? Q&A 2
  3. 3. ROLE OF THE INDEPENDENT PM CONSULTANT To provide objective and unbiased expertise Project management Subject Matter Expert Emotionally Intelligent Politically astute Management Symposium 2011 International Construction Business & Remuneration linked to Joint Venture performance To work alongside the Joint Venture Project Manager Stage 1 Stage 2 Stage 3 Stage 4Pre-launch Launch Implementation Close Out Remuneration - Time Charge Remuneration - Linked to KPIs 3
  4. 4. CREATING THE RIGHT ENVIRONMENTKey Stage Overview Lead Person JV PM JV Team Directors / Consultant Project members JV Board Manager1. Pre-Launch Agreeing the context within which the project will be PM Consultant H H M L launched2. Project Launch Make everyone aware of the project Management Symposium 2011 International Construction Business & and how it will be PM Consultant M H H M managed3. Project Monitor progress JV ProjectImplementation take corrective Manager L M H H action(s)4. Project Close Out Learn from success(es) and PM Consultant M H H H failure(s) 1. BUILD TRUST 2. AGREE WHAT NEEDS TO BE DONE 3. PUTTING IN PLACE THE RIGHT PROCESSES / PROCEDURES 4. MEASURING PERFORMANCE 4
  5. 5. THE NEED TO ESTABLISH CLEAR LINES OFCOMMUNICATION ExecutiveJoint Venture Management Partners Team Management Symposium 2011 International Construction Business & PM Core Project 5 Team
  6. 6. STAGE 1 – PRE LAUNCH Stage 1  Produce the JV Project Pre-launch Management Strategy Management Symposium 2011 International Construction Business &  JV PM Strategy sign off by JV Stage 2 Partners Launch  Prepare the draft Project Management Plan (PMP) Stage 3Implementation Stage 4 Close Out 6
  7. 7. STAGE 2 - LAUNCH Stage 1  PMP sign off by JV Project Pre-launch Manager Management Symposium 2011 International Construction Business &  Formally launch the Project Stage 2 Management Plan (PMP) Launch  Ensure that everyone is clear on their role & key responsibilities Stage 3  Provide guidance & training in theImplementation use of processes and procedures Stage 4 Close Out 7
  8. 8. STAGE 3 - IMPLEMENTATION Stage 1  Develop the Key Performance Pre-launch Indicators (KPIs) Management Symposium 2011 International Construction Business &  Implement them and measure Stage 2 performance Launch  Make sure everyone is aware of how much progress is being made Stage 3  Mentor & Coach staff so that the rightImplementation performance levels are achieved Stage 4 Close Out 8
  9. 9. DEVELOPING KPISStrategy Map Balanced Score Card Financial Customer Internal Learning Measure TARGET & GrowthInvoice andpay on time l Nr of days invoice overdue 5 daysNeed to Track using CPImanage the l (Cost Performance 1.0 Management Symposium 2011 International Construction Business &costs Index)Manage Client Regular monthlysatisfaction l reporting Zero DaysNeed to Track using SPImanage the l (Schedule 1.0schedule Performance Index)Retain key Attrition ratestaff l Zero Manage RAG status RAG perManage risks l month 9
  10. 10. STAGE 4 – CLOSE OUT Stage 1  Workshop with key personnel Pre-launch  Document what went well and what Management Symposium 2011 International Construction Business & did not work Stage 2  Use the learning from this project for Launch future projects ... where applicable Stage 3Implementation Stage 4 Close Out 10
  11. 11. SUMMARY Appoint an independent PM Consultant PM Consultant acts as SME, Mentor and Coach Link remuneration to project performance Management Symposium 2011 International Construction Business & PM Consultant works alongside the JV Project Manager Build trust and greater cooperation through transparency and objectivity 11
  12. 12. RECOMMENDATIONS Benchmark project data through a third party independent body so that REAL lessons can be learned Create a forum for JV companies where Management Symposium 2011 International Construction Business & ‘learning’ can be shared / views exchanged Create a ‘league table’ for the top performing Joint Ventures ... create a sense of competition 12

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