Best practices in development refer to the practiced and properly planned methods employed by the construction industry to achieve the best possible outcomes and return on investment. These methods may take the form of guidelines, procedures, or complete techniques implemented during certain periods.
With the development of new technologies and project management techniques, the design landscape has undergone major changes over the past ten years.
Relevance of Following Best Practices in Development
With over 7 % of the workforce employed and driving significant national investment, valued at$ 300 billion, the construction industry is one of the largest and most important sectors of the economy. A 10 % efficiency gain in this sector, according to a BERL study, results in a 1 % increase in GDP.
10 Best Company Practices in Development
Procurement
Partnering
Risk Management
Value Management
Benchmarking
Supply Chain Management
Full Life Costing
Health and Safety
Lean Building
Lasting Building
1. Procurement
Purchasing methods involve:
selecting the best approach for managing design.
Choosing the best staff for design, supply, and procedure of the facility.
Contracting with an emphasis on lump-sum agreements and lowest-price bidding.
2. Partnering
Working in partnership requires a creative mindset that has been proven to offer:
Greater value for money.
Increased income for the business.
Excellent progress.
Regularity of project execution.
3. Risk Management
Risk management involves maintaining a “risk file” to track and manage dangers encountered throughout a site’s life. Financial resources are allocated for residual risk things, so ordinary risk assessment and evaluation are necessary.
4. Value Management
Value control considers time, expense, and risk considerations to meet clients ‘ business needs. This training emphasizes engagement among the project team, including end-users and partners, to identify and evaluate choices that meet customer needs.
5. Benchmarking
Benchmarking uses efficiency analysis to analyze the effectiveness of completed projects in order to predictably improve the performance of upcoming projects. It focuses on important issues such as culture, time, price, quality, safety, efficiency, and profitability.
6. Supply Chain Management in Development
From major producers to end-users, supply chain management in development entails integrating all procedures necessary for the delivery of a product or service. Effective supply chain management encourages cost benefits and value improvement, which calls for both operating and management practices.
7. Full Life Costing
Whole life costing measures the total cost of ownership of a tower, including primary capital expense, maintenance, and servicing costs. This approach acknowledges that maintenance costs frequently far exceed primary capital expenditures and is essential for advised decision-making.
8. Health and Safety in Development
In order to increase productivity and profitability, health and safety practices in construction place a premium on protecting workers ‘ rights and ensuring effective planning and management of construction sites. Proper planning, coaching, guidance, and provision of essential equipment are vital.
9. Lean Building Practice
Move building strives to eliminate or reduce costs by placing value first. The five main principles of lean building include clarifying benefit from the customer’s viewpoint, identifying and integrating value-delivering processes, producing only what is required when it is required, striving for continuous progress, and allowing value to move without disruption.
10. Lasting Building
Sustainable construction focuses on enhancing social, economic, and environmental performance within the industry. Practices include maximizing profits, delivering buildings with greater satisfaction and value, ensuring fair treatment of employees, minimizing waste and pollution, and promoting energy-efficient buildings powered by renewable resources.
Fig.1:Lasting Building (Image Courtesy:Mixbrow Construction)
