Prospects for China’s construction sector remain positive, with annual growth set to average above 10 per cent until 2016. This is largely due to the country's immense need for greater housing supply and better infrastructure networks to cater for rapid, large scale urbanisation. Ten million workers migrate from rural areas to cities every year.
Prospects for China’s construction sector remain positive, with annual growth set to average above 10 per cent until 2016.
The construction industry’s route to maturity is influenced by the global best practice executed by inward investors companies, and this is illustrated by the pharmaceutical sector’s routine use of project controls on their construction processes. These projects require a fast track approach, with cost and schedule certainty, responsive change management and maximum accountability – all of which are achievable with the project controls methodology. Benefits include more efficient management of capital expenditure, more accurate ongoing diagnosis of project health, and greater accountability for project variations.
Benefits include more efficient management of capital expenditure, more accurate ongoing diagnosis of project health, and greater accountability for project variations.
Other industries, however, have been slower to adopt these measures. It is possible that the government may drive further change given the perception for greater accountability and transparency around publicly funded schemes, in tandem with higher public awareness of government spending. Although we are yet to see legislative changes, the government has begun to introduce certain measures to encourage the use of proper project management. For example, from 2005, all project managers registered in a project must possess a constructor management certificate. This certification requires the project manager to undergo a course and exam focusing on the four key elements of project management: safety, quality, cost and schedule. There is also growing interest in project controls from an academic perspective and we are seeing more interest from newcomers entering the profession.
As a market leader in the provision of construction consultancy services, Faithful+Gould is at the forefront of raising industry awareness, sharing expertise by offering seminars and training sessions to explain how project controls can positively impact all sectors.
We provide project and cost management services in many sectors, using global best practice project controls methods to underpin our work.
We combine global expertise with an in-depth knowledge of local planning, regulatory requirements, construction and sustainability services. We provide project and cost management services in many sectors, using global best practice project controls methods to underpin our work.
We facilitate this through the use of our bespoke EPOCH in-house cost management tool, together with the CATO cost planning tool and the P3/P6 planning package. These enable project controllers to analyse large amounts of data, reducing inefficient processes and tasks, and enabling greater consistency in report output.