INTERNATIONAL CONSTRUCTION SLIDE 4 Flashcards
(26 cards)
What are the simplest measures of project performance?
Time, cost, and quality criteria
These criteria are basic indicators of project performance.
What is required for project managers in global construction projects?
A robust approach to performance management
This is necessary to achieve project success.
How should clients view the performance of their projects?
As a means of obtaining something of importance or value
Importance and value are often interpreted in financial terms.
What are SMART objectives?
Specific, Measurable, Achievable, Relevant, Time-bound
These objectives help define clear goals for a project.
What are Key Performance Indicators (KPIs)?
Metrics that align with project objectives and success criteria
KPIs can include cost performance, schedule adherence, and quality standards.
What should be established before the project begins?
Baseline measurement for each selected KPI
This serves as a reference point for assessing progress.
What is the purpose of regular monitoring and reporting in project management?
To track progress against established KPIs
This includes collecting data and analyzing performance metrics.
What role does stakeholder engagement play in measuring project success?
Gathers feedback from stakeholders to assess satisfaction and project perception
It provides insights into areas for improvement.
What is the importance of risk management in global projects?
To proactively monitor and manage project risks and issues
Effective risk management helps mitigate threats to project success.
What does quality assurance and control ensure?
That deliverables meet predefined quality standards
It involves measuring quality against established criteria.
What does adaptability and flexibility assess in a project?
The ability to respond to changes in the global environment
This includes regulatory requirements and market conditions.
What is evaluated in cross-cultural competence?
The project team’s effectiveness in working across cultural boundaries
This includes measuring communication effectiveness and collaboration skills.
What is the goal of a post-implementation review?
To assess overall project success and identify lessons learned
It documents successes, challenges, and best practices.
What is long-term impact assessment?
Evaluating the project’s contribution to organizational goals beyond immediate objectives
It includes sustainability and stakeholder value creation.
What is the significance of continuous improvement in project management?
To drive initiatives based on measurement and evaluation insights
It enhances future project success.
What can lead to project failure in global construction?
Poor planning and execution
This includes inaccurate estimations and insufficient risk assessment.
What are communication barriers?
Breakdowns due to language barriers, cultural differences, and distance
These can hinder collaboration among project stakeholders.
What are the risks associated with inadequate risk management?
Unforeseen challenges and disruptions
This includes regulatory changes and political instability.
What is the impact of lack of local knowledge and expertise?
Impedes project progress due to insufficient understanding of local regulations
Engaging local expertise is essential.
What are supply chain disruptions?
Issues such as material shortages and transportation delays
These can impact project timelines and costs.
What challenges do geopolitical and economic instability pose?
Significant challenges to project viability and profitability
This includes changes in government policies and currency fluctuations.
What are environmental and regulatory compliance issues?
Non-compliance with environmental regulations and local laws
This can lead to project delays and legal disputes.
What are technology and innovation constraints?
Limited access to advanced construction technologies and inadequate infrastructure
These hinder project efficiency.
What financial challenges can jeopardize project success?
Insufficient funding and budget overruns
Managing project costs effectively is critical.
