Project – Page 3 – Godinterest

February 8, 2016July 1, 2022

How To Deliver On The Promise of MegaProjects

Due to the large scale and outlook attached to them, mega-projects have a large opportunity for failure. Typically, the failure begins at the outset of the project, whether that be due to poor justification for the project, misalignment among stakeholders, insufficient planning, or inability to find and use appropriate capabilities.

Underestimated costs and overestimated benefits often offset the baseline for assessing overall project performance. This is why it is important for organizations to first establish social and economic priorities before even considering what projects will answer their needs. Once social and economic priorities are established, only then can a project be considered. Selecting projects must be fact-based and transparent in order to ensure accountability with stakeholders and the public.

Successful Megaprojects Must Have Robust Risk-analysis or Risk-management Protocols

It’s also important to maintain adequate controls. Successful megaprojects must have robust risk-analysis or risk-management protocols and provide timely reports on progress relative to budgets and deadlines. Typically, progress is measured on the basis of cash flow, which is less than ideal as data could be out of date and payments to contractors do not correlate construction progress. Instead, project managers should deliver real-time data to measure activity in the field. For example, cubic meters of concrete poured relative to work plans and budgets.

Overall, improving project performance requires better planning and preparation in three areas: doing engineering and risk analysis before construction, streamlining permitting and land acquisition, and building a project team with the appropriate mix of abilities.

Project developers and sponsors should put more focus into pre-planning such as engineering and risk analysis before the construction phase. Unfortunately, most organizations and sponsors are reluctant to spend a significant amount of money on early-stage planning because they often lack the necessary funds, they are eager to break ground and they worry the design will be modified after construction is underway, making up-front designs pointless.

However, it’s proven that if developers spend three to five percent of capital cost on early-stage engineering and design, results are far better in terms of delivering the project on-time and on-budget. This is because through the design process, challenges will be addressed and resolved before they occur during the construction phase, saving both time and money.

It’s not unusual for permits and approvals to take longer than the building of a megaproject. However, if developers look to streamline permitting and land acquisition, that would significantly improve project performance. Best practices in issuing permits involve prioritizing projects, defining clear roles and responsibilities and establishing deadlines.

In England and Wales, developers applied these approaches to cut the time needed to approve power-industry infrastructure from 12 months to only nine months. On average, timelines for approval spanned four years throughout the rest of Europe. Likewise, the state of Virginia’s plan to widen Interstate 495 in 2012 was able to cut costs and save hundreds of homes thanks to land acquisition planning by a private design company.

Investors and Owners Must Take an Active Role in Creating the Project Team

When it’s all said and done, projects cannot deliver the best possible return on investment without a well-resourced and qualified network of project managers, advisers and controllers. Investors and owners must take an active role in creating the project team.

It’s not enough to have a vague overview of what the project might look like in the end. Instead, it’s necessary to review risks and costs and draft a detailed, practical approach to tackle various issues. An experienced project manager cannot do it all alone. The project team must include individuals with the appropriate skills, such as legal and technical expertise, contract management, project reporting, stakeholder management, and government and community relations among others.

Failure to Properly Plan for These Projects Could Have a Negative Impact on Society

While mega-projects are important in filling economic and social needs, failure to properly plan for these projects could have a negative impact on society. Take Centro Financiero Confinanzas (Venezuela), the eighth tallest building in Latin America at 45 stories, located in the financial district of Venezuela’s capital, Caracas for example.

To those unaware of its history, the Centro Financiero Confinanzas is actually home to over 700 families, a “vertical slum” that is a truly fascinating example of reappropriation of space in an urban environment. An ironic symbol of financial failure that was intended to represent the unstoppable march of Venezuela’s booming economy.

It’s much more than an unbuilt building, bridge or tunnel, failed mega-projects are a blow to the economic growth and social improvements of communities around the world.

February 5, 2016July 1, 2022

Why Should I Hire a Project Manager for My Church Project?

Is it worth hiring a project manager when any seemingly knowledgeable pastor or church member might do?

The truth is, project managers can be a valuable asset to any organization. Whereas the average church member who is only familiar with certain tasks might be overwhelmed by the complexity of major organizational assignments, project managers are trained to handle programs with elaborate factors such as high budgets, increased manpower and layers of duties.

An Astounding 97% of Organizations Believe Project Management Is Critical to Business Performance and Organizational Success. (Source: PricewaterhouseCoopers)

On the flip side, some professional bodies disagree, arguing that professionals like pastors, marketers, and accountants are able to manage projects just as well as any project manager with some effort.

Barely over Half (56%) of Project Managers Are Certified (Source: Wrike)

“It’s a raging debate,” said Tony Marks, author of the 20:20 Project Management guide.

“Some industries, such as oil and gas, are hesitant to hire outside project management specialists because they may lack industry knowledge. Instead, these industries prefer to employ technical experts and put them through project management training.”

“The danger is that these people are more likely to get sucked into their comfort zone dealing with the nitty-gritty and technical detail they understand and are fascinated by when they should be managing the project,” said Tony Marks.

In addition to being trained to juggle tasks efficiently, project managers spend an enormous amount of time honing their skills. Much more goes into the craft than obtaining Prince2 or APM certifications.

According to Mike Savage of Thales Training and Consultancy, the International Project Management Association requires its professionals to have at least 15 years of experience and training. The association has four grades from D to A. At the A level, project managers must have a minimum of five years project management experience, five years of program management and five years of portfolio management.

“So to Say That Anyone Can Be a Project Manager Is like Saying Anyone Can Be a Brain Surgeon, Said Savage.”

But just because there are individuals specializing in project management doesn’t mean non-specialists can’t learn the techniques as well. Ian Clarkson of training course provider QA encourages everyone to learn project management practices.

“The skills, leadership, planning and stakeholder engagement techniques are vital to all disciplines,” he said.

“Projects which are run by engineers with project management training are less likely to be successful than the reverse,” said Lloyd’s Register energy program director Roger Clutton. “If there is a lack of technical expertise that will show up in the risk assessment. But a lack of project management skills is much less likely to be detected.”

With that, it seems that the argument on whether or not hiring an outside project management is necessary will continue. But the debate only seems relevant to rival professions as there is projected to be 15 million new project management jobs within the decade. (Source: Project Management Institute).

No matter how you look at it, though, it seems that trained and experienced project managers must be worth their weight in gold.

February 4, 2016July 1, 2022

The Good, the Bad and the Ugly of Project Management for Christian Leaders

It’s Monday afternoon at the office. The week has only begun, but you’re already swimming in a sea of memos, spreadsheets, and schedules. Just as you’re daydreaming about what leftovers you might reheat for a late dinner, your boss pokes his head into your office. He or she mutters something about quotas and deadlines before he or she drops the bomb about a “little project” he or she needs you to complete by the end of the week. And just like that, you know you’ve been handed a nightmare but for whatever reason accept the challenge.

“According to the Cranfield School of Management in the Uk, 68% of Projects Are Destined for Failure Before They Even Start.”

The lack of project management training or experience of many Christian leaders can be an enormous stress factor for them. Whilst natural organizational ability is enormously helpful, in itself it is no guarantee of any project being both successful and low stress.

What is a nightmare project? It’s something we’re all familiar with. The boss assigns us some vague task and a deadline but leaves the means to a solution up to our creative intellect.

So how do you solve the problem of this dreaded “project”?

1. Understand the scope of the project

First things first, create a list to layout your ideas on how to go about the job at hand. Write out questions you might have that need to be answered, people you might need to work with or talk to in order to understand what work must be done.

Without fully understanding what work must be done, it is impossible to accurately estimate a project’s schedule or budget.

After creating a list, share your ideas with colleagues. Work with peers who have the same goal and share the same work ethics as you. Too often, when faced with an unrealistic project, we tend to work with just about anybody who wearily agrees to have their name on board. The enthusiasm of a new project quickly fades when actual work is needed. Instead of “How can I help?” were met with “I’m busy right now” and “Can it wait until next week?” The sponsor, project manager, and project team must share a common understanding of the scope of the project.

2. Get estimates from the people who will be doing the work

To avoid the stress of friendly fatigue, create a solid plan of action with your co-workers. Assign duties and responsibilities and set a deadline for each task.

4. Re-estimate as soon as you realize an estimating assumption was wrong

Don’t get discouraged if people and other things fall through. Even though it’s frustrating with the broken promises, missed deadlines, mistakes, and poor quality outputs. As soon as you realize a mistake was made, assess the impact and re-estimate the project.

“Unfortunately When Project Managers Spend the Majority of Their Time Trying to Achieve the Unachievable, the Result Is Frustration and Potential Burnout.”

But say you’ve followed those steps and were able to remain positive throughout this grueling week. You completed the assignment, whether enthusiastically or completely drained of all energy, only to be told the higher-ups decided to go a different route and don’t need the results of your project after all. “Good effort, though,” your boss tells you as he or she hands back your laminated report.

If you find yourself in this situation, just remember to never say “yes” to a “little project without first taking a look at what you’ve been handed.

January 17, 2016July 1, 2022

How Can You Deal With Information Overload?

December 20, 2015July 1, 2022

Top 6 Most Impressive Megaprojects of 2015

Megaprojects are crucial to the future of most cities, states, and individual livelihoods, however, they also attract a lot of public attention because of the substantial impacts they have on communities, environments, and government budgets. The objective of these projects is to unlock higher growth paths for the economy, as such, they require care in the project development process to reduce any possible optimism bias and strategic misrepresentation.

The problem is that these projects often go off the rails, either with regard to budget, time or both.

The risks associated with MegaProjects, those costing 1 billion or more, are well documented. In one influential study, Bent Flyvbjerg, an expert in project management at Oxford’s business school, estimated that nine out of ten go over budget.

The first factor is that the size of a MegaProject can be so large and unique that it is difficult to model the costs and logistics. Another factor is that MegaProjects are backed by governments which are not typically known for their success in budgeting or efficiency.

In today’s post, we’ve identified the Top 6 most impressive MegaProjects of 2015. These MegaProjects will transcend time and continue to bestow wonder upon new generations.

1. Mall of the World, Dubai

Mall of the World in Dubai was announced in July 2014, location in Al Sufouh district, along Sheikh Zayed Road, different from Mohammed bin Rashid City.

Dubai has a very ambitious project on its hands. Dubai’s Mall of the World will have its very own Oxford Street and Broadway. It will also have galleons and waterfalls. However, the most challenging part of this project is that the area will be covered by a giant retractable roof during the summer months and be climate-controlled creating the world’s first temperature controlled city.

Dubai Mall of the World Set to Put Uae Retail ’20 Years Ahead’ of Gulf Region

Launched with a fanfare by the emirate’s ruler, Sheikh Mohammed bin Rashid al Maktoum, it is the first state-sponsored mega-project to emerge from Dubai since the pre-crash bubble. After years of stalled projects the big plans are back and they are more ambitious than ever before.

It is thought the huge construction will attract 180 million visitors a year and developers hope it will secure Dubai’s futures as a tourism hub.

2. Mall of America, Minnesota

The Mall of America (MoA) is a gigantic shopping mall owned by the Triple Five Group and is by far the largest mall in the United States. However, the $325 million expansion of the nation’s largest shopping center is now underway. The project consists of a luxury 342-room hotel, an office tower and more than 50 shops and restaurants. Some 1,000 jobs are expected to be created during the construction phase of the project, and 2,500 permanent jobs from retail, hotel and office operations.

The Triple Five Group, owned by Canada’s Ghermezian family, owns and manages the Mall of America, as well as the West Edmonton Mall. MoA is located in Bloomington, Minnesota (a suburb of the Twin Cities).

3. Zurich North America, Chicago, IL

Rendering of Zurich North America’s new headquarters in the northwest suburbs of Chicago

The $333 million site is currently under construction and will be the largest build-to-suit office project in Chicago. Zurich a north america insurance company headquarters includes a 735,000 square foot building rising to 11 stories at its tallest, shaped something like the letter A resting on its side.

Zurich looked at a multitude of factors and in the end made the decision that investing in a new state of the art regional headquarters would be the right choice. The project is due to be completed late summer of 2016.

4. Dubai World Central Airport

This massive $32 billion structure sent its first commercial jet into the air in late October 2013. The project isn’t scheduled for full completion until 2027 and is expected to become the world’s busiest airport, however, with plenty of other contenders quickly taking shape in Asia and the Middle East, it’s has stiff competition.

Dubai World Central Airport is expected to shuttle 160 million passengers through Dubai every year making it the busiest airport on earth.

5. Bao’an International Terminal 3

Bao’an plays a pivotal role in the Pearl River Delta: It serves both Shenzhen and Hong Kong, via a connecting ferry. Terminal 3 is an expansion project designed by the Italian architect Massimiliano Fuksas. The centrepiece of the expansion is a new runway, which is built on a 108,000-foot piece of land reclaimed from the River Delta.

6. Crossrail

Crossrail tunnelling began in 2012 and ended at Farringdon, London in May with the break through of tunnelling machine Victoria. Eight 1,000 tonne tunnelling machines bored 26 miles or 42 km of new 6.2m diameter rail tunnels under London.

London is the fastest growing capital city in Europe and today it is home to 8.6 million people with the population expected to reach 10 million by 2030. TfL’s work is critical to supporting the continued growth and regeneration of London.

As we reflect upon these impressive feats by mankind, we can only imagine what the next big wonder will be. Is it the secretive Nicaragua canal? Could it be Elon Musk’s proposed Hyperloop concept? Or perhaps it will be a new state of the art high speed train developed by China, USA or the UK?

Did we miss one? Please let us know by commenting below.

December 9, 2015July 1, 2022

Yes, You Are Called to Be a Leader for Christ

Times are changing, and so are the ways people work and collaborate. The idea of being a leader can be daunting.

When you consider the word “leader who and what comes to mind, perhaps your Pastor? The BBC show the Apprentice? Your manager? A colleague at work in another team perhaps or an individual who literally has “Project Leader” on a business card or email signature?

Well, it may not be part of your job title, and you may even struggle to find the words in your job description, nevertheless, the call to follow Christ is a call to leadership.

In the Oxford ditionary a project Is defined as “an individual or collaborative enterprise that is carefully planned to achieve a particular aim”

When you think “project”, you typically think about big things, such as:

Church building developments
Developing a new product
IT system integration
Writing a tender

But actually, many smaller activities can also be classed as a project, such as:

Creating and delivering an internal training course at church
Creating and sending a church e-newsletter
Creating new team processes

In fact, according to David Allen, pioneer of the productivity system Getting Things Done (GTD), a ‘project’ is any multi-step action. In other words, creating a new ad campaign, outreach planning, feeding the poor initiative, even buying a new car or making a 3-course dinner for your significant others are all different types of daily projects you manage.

What does this mean for people not called project leaders?

Well, failing to realise this could mean that you are missing out on important lessons that the people with the ‘project leader’ label on their business cards know only too well.

If you approach your daily tasks and projects with the mindset, “I can do this in a structured, organized way,” then the outcome will substantially improve. Additionally, it may seem glaringly obvious, but someone needs to own a project, and not every church organisation or team has a certified project leader to call upon.

1. Change your approach

“Stake Your Claim That This Is Now a Project You‘re Managing”

Professional project leaders have formal training on the best way on approaching a project and use methodologies which take time to master. However, this just isn’t appropriate for people who are juggling the role of unofficial project leader alongside many other tasks.

Simply changing your mindset can make a difference in how you approach the work.

2. Create an action plan

“Make a List of the Actions It Will Take to Get You to the End Goal”

It’s very easy to jump straight in and get moving on a project. Spending time planning can seem like wasted time, but in fact, without good planning, you could be wasting your time and energy on things that just aren’t needed. In other words, skipping the planning phase of a project is a sure-fire way of encountering problems down the line. The basics of what you’ll need to establish include your project vision (or guiding light), what your project will deliver, the risks to the project as well as your budget, resources, and timescales and don’t forget to pray before you start. Prayer is the portal that brings the power of heaven down to earth. It is kryptonite to the Enemy and to all his ploys against you. Pray in the Spirit at all times and at every stage of the project.

3. Set a realistic deadline

Without a Deadline Your Project Will Sit at the Bottom of Your To-do List and Will Go Nowhere

When it comes to assessing your timescales, you need to figure out what is realistically achievable, while not padding out your timelines too much.

4. Communicate regularly

Developing a Project in a Bubble Will Result in Problems Later On

Regular communication is vital. Meetings, emails and even a quick trip to your colleague’s desk are all needed to make sure you have not missed anything important and that everyone in on the same page.

5. Faith is not a spectator sport.

The Opportunities are Endless and Harvest is Plentiful.

Finally, please remember aside from managing projects that faith is not a spectator sport. It’s easy to come to church to be entertained and not invest time in serving the church community. But Jesus isn’t here for our amusement. He didn’t die so we could experience cool sermons alone. The Christians we remember throughout history were the men and women who did not wait on the sideline when there was work to be done.

There are many places to lead. The opportunities are endless and harvest is plentiful.

November 26, 2015October 2, 2022

5 Secrets to Successful Project Management for Christian Leaders

November 19, 2015July 1, 2022

5 Indicators You’ve Hired the Right Project Manager

The importance of hiring the right project manager cannot be overstated enough. Whenever senior managers are asked to identify outstanding project managers, they almost always have a hard time doing so. What’s most concerning about this is that almost £2 trillion pounds are spent on these projects across the globe, according to Gartner.

There is no doubt that it takes a lot of time and effort to become an outstanding project manager. This isn’t a job for the faint hearted.

A great project manager has leadership traits that should be easily recognised in all steps of the hiring process.

Things like psychometric testing and method certificates can only provide so much information on potential employees. To find the best candidates for your position you need to ask them real questions about their experience, such as how they dealt with and recovered from a failure; what methodologies they use to manage projects and deal with sponsors; or their creative process when coming up with original ideas for strong team building. An awesome project manager is able to answer these questions easily.

Successful project managers should have experience in dealing with both failures and successes to gain the skills they need to build a strong team that delivers results consistently.

Here are five strong indicators that the person you have hired as a project manager is likely to be successful in their new role:

You Can Catch More Flies with Honey than with Vinegar

1. People like them!

Project managers who are difficult to get along with or have unlikeable personalities are not likely to be great motivators. Awesome project managers aren’t afraid to listen to the ideas and feedback of their team members for the best overall results.

They should be friendly and have respect for everyone they are working with at all times.

2. They don’t blame others nor take credit for successes.

It can be hard not to get involved in the “blame game” when something doesn’t go exactly as planned. It can be equally as challenging to not “glory grab” when a project goes off brilliantly and without a hitch.

A strong project manager will shield their team when criticism is raining down by passing the message down in a constructive way, so it can be addressed and fixed promptly. In the event of a project success, great project managers make sure the people who were key to the assignment are rewarded for their work. When they speak of a successful project, they highlight the strength of their team and not just themselves.

3. They involve the entire team in planning.

A great plan is usually always the result of a “mastermind”, or the combined effort of one or more people working towards a common goal. Strong project managers encourage everyone on the team to contribute their thoughts and feedback in the planning process. While not everyone will be actively contributing to the campaign design, they listen to the opinions and ideas of people who the project will affect, such as the CEO, and the marketing department.

A strong project manager should foster a productive, creative and enjoyable work environment. By doing so, they maximise the time they work with their team so they deliver a great end product.

4. They’re serious team builders.

A great project manager understands that a major key to their project success is the team that stands behind it. Successful project managers take the time to select from the talent that is best suited for the job they need to complete. Instead of settling for just anyone who can join the team because they’re free, a skilled project manager is willing to do what it takes to onboard and recruit the people they think will bring the most to the table.

5. They’re strong managers.

A strong manager knows how to take the lead. They understand what it takes to lead their team. They know how to motivate those working with them. They realize that they are a part of something greater. They’re not afraid to take responsibility for all aspects of the project, regardless of whether it’s failure or success.

As a project director or hiring manager, it can be a challenge to find a powerful project manager, but once you connect with the right person, you’ll know it almost instantly. A strong project manager absolutely loves what they do and they’re not afraid to tell you about how excited they are about their past, present and future endeavours.

They strive to be the best leaders and always respect the ideas and positions of others who present them with questions that need solutions. They go the extra mile to make sure that all details of their projects are addressed and fine tuned. They speak positively of their peers, their team and anyone else who is involved in the project.

What are your thoughts on what makes a project manager shine? What do you think makes the cut between being an average project manager and an awesome project manager? We invite you to share your thoughts and experience.

November 18, 2015July 1, 2020

UMaine offshore wind project receives $3.7 million grant, reviving vision for offshore wind farm

The U.S. Department of Energy has awarded $3.7 million to a University of Maine-led to further research and development of offshore wind technology.

The Money Will Help Finance Further Development of Floating Turbines That Could Lead to a Lucrative Clean-energy Industry in the State.

The DOE found enough promise in the project’s progress to spend the additional money, bringing the total investment to $6.7 million and allowing the consortium to complete engineering and design work to address technical concerns.

Habib Dagher, leader of UMaine’s offshore wind research team, said “the DOE was impressed by the Maine project’s low cost. It’s also the only project with a power purchase agreement in place.” Dagher also said “the project will be financed using a combination of public money, private investment and borrowing”.

Last year, the U.S. Department of Energy passed over the Maine Aqua Ventus project for a $47 million grant, but provided $3 million to keep the project alive. The winning proposals in Virginia, New Jersey and Oregon are currently behind on project milestones, creating the opportunity for Aqua Ventus to lead.

Aqua Ventus, plans to place a two-turbine, 12-megawatt project off the coast of Monhegan Island and is the only project of its kind that proposes the use of concrete for the floating platforms.

The DOE is impressed by the design because it holds the potential to drive down costs while moving construction closer to project sites, spreading out the economic impact, Dagher said, “the technology can be used to access more than half of the offshore wind resources in deep waters within 50 miles of the coast, and will create jobs”.

UMaine has already tested a smaller 65-foot-tall turbine deployed off Castine, Maine, which performed as engineers expected, even as waves reached the equivalent of 75 feet.

Hopes for an offshore wind project are pinned on Aqua Ventus after Norwegian company Statoil spiked its plans to put four three-megawatt wind turbines 12 miles off Maine’s coast.

UMaine, which was selected as an alternative, is waiting in the wings if any of the winning proposals fail to meet milestones by May 1. Those programs with the greatest likelihood of success will be selected to move forward after May 31, Danielson wrote.

As part of the effort, UMaine will unveil a $13.8 million expansion of the Advanced Structures and Composites Center next week. The new structure will allow scientists to produce wind and waves of varying intensity, recreating the fury of the North Atlantic in a controlled setting on campus in Orono, Dagher said.

November 16, 2015July 1, 2022

9 Architectural Projects That Busted the Bank Vaults

Since the beginning of recorded time, construction projects have always been a major part of history. In fact, grandiose construction projects to erect the architectural visions of Pharaohs, Kings, Rulers, and Monarchs was used as a way to put the wealth and power of leaders on display for all of the people their lands to see.

Not surprisingly, all of these projects came at a great cost to the leaders that initiated them.

The Great Pyramid at Giza is one example of a grand architectural vision. This massive structure was built under the leadership of Egyptian pharaoh Khufu in the 26th century B.C.E. By the time work on the structure was completed, Knufu spent a great deal of his kingly fortunes on the project. According to sources, it is estimated that this project would cost more than $5 billion dollars to duplicate today.

Since then, there have been many other building projects that have cost significant amounts of money to build, some that were so grand in their scope they effectively broke the bank.

We will examine more of these projects here.

1. The Three Gorges Dam

This massive Chinese construction project took place over the Yangtze River in the Hubei province of Central China. This scope of this project was enormous and came with quite a bit of controversy due to the changes to the environment that were needed to make the project become a reality. When this project was approved in 1992, the Vice Premier at the time, Zoa Jiahua quoted the project cost at $8.35 billion to complete. In 2006, when the project was officially ended, the total cost ended up being closer to $37 billion dollars, or roughly four times more than the original estimate.

2. The Ryungyong Hotel

The ground broke for this 105 story luxury tourist hotel in 1987 in North Korea, despite the country being closed off to foreign visitors. After investing approximately $750 million dollars in the structure, the project came to an abrupt end when the Soviet Union, North Korea’s major economic supporter, collapsed. Today, the building remains unfinished and is recognised as being the tallest unoccupied structure in the entire world.

3. The MOSE Project

This building project was originally intended to help control flooding in Venice. However, it primarily served as a project to sink money into. The original budget for the project was $1.7 billion dollars but jumped to $8.1 billion over time. None of the work that was completed did anything to prevent flooding. Many people involved in the initial construction were arrested on bribery and corruption charges in connection with the project. Venice continues to have problems with flooding and sinking.

4. The Mirabel Airport

This airport was originally opened to serve Montreal, Canada in mid-1970. The Government seized 100,000 acres of land and displaced thousands of residents from their homes for the land that was needed to construct the airport. The cost of the land was $140 million dollars. This amount was eight times more than the costs that were originally projected. Once construction on the airport began, the price skyrocketed to a total cost of around $276 million dollars. Adding further pressure to the Mirabel Airport project was the fact that the Montreal-Dorval International Airport was located within a short driving distance away. While this airport did operate for a number of years, it ceased operations in 2004. In late 2014, demolition of the site began which added another $15 million dollars of cost to the failed project.

5. The Sagrada Familia

There is no doubt that building a Cathedral is no small undertaking. For the Sagrada Familia Cathedral, it is a project that has advanced at a snail’s pace and with a hefty price tag that can not even be calculated due to how slow the project has been to finish. Construction on the house of worship began in 1883. In 2015, it still needs to be completed. In 2011, the President of the Building Committee said that it might be completed in 2026 – 143 years after construction originally began.

6. The Millennium Dome

This is a London based project that has a happy ending, despite a shaky, and very expensive start. When construction of the Millennium Dome began in the 1990’s, the original budget of 758 million pounds was exceeded when it ended up costing 789 million pounds, so it lost money from day one, even without including maintenance costs. However, in 2007 the structure was sold to AEG and renamed the 02 Arena, so some of the initial investment money was recouped. This site is now a top venue for sporting events and concerts in the London, UK area.

7. The Channel Tunnel

Sometimes referred to as the “Chunnel” is a tunnel in the English Channel that links the United Kingdom with France. It’s not surprising that a project of this scope would cost a lot of money and time to complete successfully. In total, it took six years of work and $21 billion dollars to finish. In financial costs, it ended up being 80% more expensive than originally forecast. This privately funded project caused many of the initial investors to lose most of their investment due to over run costs. Today, their diligence to the project has made it widely successful. Hundreds of millions of people use the Chunnel trains to commute between France and the UK, with a travel time of around 35 minutes.

8. The Central Artery Tunnel Project

In 1991, Boston began construction of the Central Artery/Tunnel Project, also known as the Big D, to provide commuters with an alternative to using the main highway through the City. This project is one of the most expensive construction projects in the history of the United States with a ‘real’ cost of $22 billion dollars once interest on the funding for the project is paid off in 2038. The Central Artery/Tunnel Project included the construction of roads, bridges, and even a tunnel that was built under the Boston Harbor. While this project did have the original effect it was supposed to have by alleviating traffic congestion in parts of Boston, overall traffic in the areas where the Big D serves has also increased.

9. The Panama Canal

The Panama Canal is another example of a building project that came with many personal and financial losses during its construction in the early 1900’s. The project was hexed with obstacles including outbreaks of deadly malaria and mudslides that, according to hospital records, resulted in over 5,600 labourers deaths. Today, the Panama Canal remains a key part of the shipping industry between the Atlantic and the Pacific Ocean. In 2014, work at the Canal ground to a halt after a dispute between the Panama Canal Authority and a conglomerate of European construction companies disagreed who would pay for a $1.16 billion overrun in costs. All parties involved in the dispute agreed on stop-gap funding that put the project back in action. In 2015, expansion work on the Panama Canal continues and the overall costs of the project continue to rise.

November 15, 2015July 1, 2022

Taking the Right Path to Good Agile Implementations

1) A Wise Man Said Only Fools Rush In

Companies that goes nuts for agile because they know they have to deliver faster and for less cost to keep up with competitors may be making a big mistake and face a collapse of their efforts.

If they focused first on a deep understanding of their business’ needs, they could more accurately decide if agile is a good fit. A better approach for you to take is analyse your current processes to determine if agile methodologies actually support your goals and needs.

2) Educated Stakeholders Make Excellent Allies

Agile works from a focal point of improving quality delivery and frequency. It does not start with reducing time to market or cutting costs. Those benefits are a result of implementing agile methods over time, after the requisite investment of time and resources has been made.

3) Don’t Do the Project Without at Least One Committed Product “Owner”

A “product owner” is a the committed business leader who will make or break the project. This person will be expected to put at least half of their time into the project. They’ll also be responsible for getting all the decisions made through the right channels in a reasonable period of time. You must have a leader like this to succeed.

4) Gain Consensus on the Definition Of “Finished”

Everybody on-board needs to agree on what constitutes being finished with any stage of implementation. For some, it will mean that by the end of each and every iteration, the production-ready software will be available. This is not always possible, so get out ahead of a potential problem and gain consensus.

5) Build an Exceptional Cross-Functional Team

Cross-functionality is what separates the ineffective agile teams from the high-performance ones. Team members have to be proficient in performing any and all necessary tasks so that they’ll be able to always deliver what the customers need.

Team building requires that you identify the right parties and that you shape them into a functional team by making sure that they share your own true goal of always delivering massive value to product owners.

6) Make the Proper Investment in the Tools That Support Agile

The beginning stages of any agile project will involve you investing in the of the robust frameworks, infrastructure, and process automation tools that fully support agility. This includes a wide range of solutions like continuous build servers, automation testing, video conferencing, interactive chat, and software frameworks. Don’t scrimp on other important details like the solution architecture, either.

7) Retrospectives Need to Be a Main Priority

Inspection and adapting are the keys to agile. Organisations using this methodology use a vehicle called “retrospectives” to ensure these tasks are being performed correctly. A proper retrospective should embrace the qualities of self-improvement and transparency. Any actions that are a result of the retrospective must be given the highest priority. This is especially true of estimations, which are crucial to achieving the kind of team velocity that keeps projects on track.

8) Start the Project with a Solution Architecture

Even though documentation is not always the most glamorous part of any project, you’ll be well served to make sure you understand that documentation is still important to a successful project. Using a solution architecture pays off because it serves a blueprint for the final project that will be delivered by the team. Team members need this document so they understand what will happen if they make changes. Members who are added to the project at later days will use the documentation as a reference point so they can be brought up to speed.

9) Embrace the Fact That Change Is Coming and Plan for It

You can’t make a change without a cost in agile. Change is something you always have to embrace philosophically, but be aware of the costs and the impacts to the project. When you are doing the estimation process, factor in potential changes when applicable.

10) You and Your External Partners Should Have an Agile Relationship

Agile is not always the best fit for traditional vendors. They prefer contracts that use fixed prices and fixed outcomes. When you switch to agile you’ll need to make a point out of understanding the ramifications the changes will have with your vendors. You and they may have to make some changes to keep the relationship running smooth.

Try to build a transparent relationship with all of your external vendors. Risk Reward contracts that employ clearly defined KPIs work amazingly well for agile organisations.

November 12, 2015July 1, 2022

6 Project Management Taboos Christian Project Leaders Should Break

6 Project Management Taboos You Should Break

A taboo is an activity that is forbidden or sacred based on religious beliefs or morals. Breaking a taboo is extremely objectionable in society as a whole. We have isolated six project management taboos that are common in PM discussions.

The upside of understanding and acting on these most common project management taboos is tremendous. Not only will your project success rate increase, you’ll also improve satisfaction among internal customers.

1. ‘The customer is always right’ is wrong

The project sponsor is a role in project management, usually the senior member of the project board and often the chair. The project sponsor will often be a senior executive in a corporation who is responsible to the business for the success of the project.

However, project sponsors are people, and they can be wrong. This taboo prevents project managers from openly examining the actions of senior individuals in power. In its more stringent form, this taboo can even convert “lessons learned” activities into simple exercises in fawning praise for the vision of our leaders. When we cannot question the actions of the powerful, the organization can have difficulty finding its way out of trouble. This problem is most severe when the actions (or failure to act) of an Executive sponsor in power is the issue.

Ignoring a Problem Is, Enabling the Problem

2. ‘Ignore your problems and they will go away‘

The perfect employee. The perfect manager. The perfect workplace. Wouldn’t it be nice if that existed? When it comes to managing people, one of the best things we can do is to realize that nothing will ever be perfect. There will always be problems. It’s how we deal with them that matters the most, so do not ignore them, because they won’t miraculously go away. The problem only gets worse, frustration levels increase, productivity suffers and complacency will set in. They fester the longer you ignore them and ultimately compound the cost of the project.

You aren’t fooling anyone, people know when there is a problem! Occasionally things can get better by themselves, however, the majority of the time this doesn’t happen.

If you do something wrong, it’s about how well you fix it,” says GlassHouse Technologies’ Scannell. “Most people batten down the hatches and close up shop. Understanding when you’re starting to fail and quickly being able to engage as many stakeholders as possible to fix it is critical.”

Emotional Intelligence for Project Managers – Nice to Have or Necessity

3. Showing emotion is a sign of weakness

If only it were just about defining scope, creating a project plan and tracking costs.

Project Management obviously encompasses all those things, but it’s also about relationship development, team building, influencing, collaborating, and negotiating often in very complex environments.

In most workplace environments project managers have difficulty showing feelings. Project managers cannot even discuss them. It’s a pity — feelings are part of being human. When we can discuss feelings, we can manage them, and we can use them as indicators of morale, future performance, or motivation. This project management taboo can limit the effectiveness of project retrospectives. In projects, strong feelings are common. They play an important role in determining project performance. Yet feelings are rarely discussed in project retrospectives, and this omission can prevent project managers from truly understanding the evolution of the projects they are supposedly managing and examining. However, whatever form a project takes there will always be people involved and where there are people there are emotions.Emotions influence people’s actions, their behaviors and their responses to the emotions of others. So welcome to the world of ‘emotional intelligence’.

The concept of Emotional Intelligence (EQ) was first popularised by Daniel Goleman in 1995 with his book, “Emotional Intelligence: Why it can matter more than IQ.”

Just Jump Through the Hoops, Don’t Try to Fix the World

4. Project Managers should play by the rules

Most organizations have processes that nearly everyone understands are outdated and counterproductive, however, when project managers dismiss these processes, neglect to model their costs to organizations, the outdated processes are then very difficult to change.

Indeed, the taboo is part of the cultural infrastructure that enables these dysfunctional processes to persist. If project managers discuss them openly, they might find that upgrading them could provide significant payback.

Keep Complaining! It’s Good for You!

5. Keep complaining! It’s good for you!

We’ve all know that rush of relief you feel as soon as you wrap up a major rant. This is the national art and sport of the UK. However, complaining is viral misery. Back in 2006, an American pastor named Will Bowen launched a campaign he called “A Complaint Free World”. Drawing on the philosophy of Arthur Schopenhauer, Alessandri pushes back against the assumption that complaining is only worthwhile if it gets concrete results; there’s no point in it, the received wisdom goes, if what you’re bemoaning is beyond your control.

Peace Is Not Absence of Conflict, It Is the Ability to Handle Conflict by Peaceful Means

6. You must take sides in a political conflict

Just keep neutral. It is possible to be respectful to (and respected by) your colleagues by staying neutral. Politics are as old as civilization and have continued to be a source of fascination since Machiavelli wrote The Prince, a treatise on how to acquire and retain power, in the 16th century.

There are a lot more project management taboos that aren’t included listed here. We are interested in your thoughts and suggestions?

November 6, 2015July 1, 2022

Axelos CEO Peter Hepworth in the Spotlight

Project Journal had the privilege of interviewing AXELOS previous CEO Peter Hepworth. Peter provided us with an insight into his role and AXELOS as a whole in October 2015.

AXELOS CEO Peter Hepworth

Peter joined AEXLOS as CEO in July 2013 and was previously Managing Director for Activision Blizzard a $400 million turnover and $150million EBIT business. In 2014, Activision Blizzard was the fifth largest gaming company in the world by revenue.

Peter is an economics graduate, chartered accountant, with an M.B.A. from Cranfield and A.M.P. from INSEAD.

What is AXELOS?

AXELOS is a joint venture set up in 2014 by the Government of the United Kingdom and Capita, to develop, manage and operate qualifications in best practice, in methodologies formerly owned by the Office of Government Commerce (OGC).

AXELOS promotes best practice frameworks such as PRINCE2 and ITIL and is developing a cyber resilience best practice portfolio later in 2015.

How does AXELOS differ from APM?

AXELOS is an independent organisation, allowing the user community to focus more on the content of frameworks and guidance without much interference. The firm puts a heavy focus on the guidance given, ensuring the content is fuelled by good ideas to keep the ITIL structure up to date. But while the business has a combination of access to one of Britain’s largest corporations and the UK government, more than 75% of publication sales and Prince2 certification is sold outside of the UK, a trend that is growing faster due to emerging markets.

The company varies its training approach. Its Portfolio, Programme, and Project Management Maturity Model (P3M3), for example, encourages users to assess their performance against benchmarks. Mike Acaster, PPM portfolio manager, says: “PRINCE2 is applicable to many sizes of organisation, but sometimes it’s better to be a bit more specific. It’s about tailoring advice for that context. In some cases it has been tailored, and people don’t realise it’s PRINCE2 – you have to scratch the surface.

How do you view the future of project management?

After years of being associated with large engineering and construction projects, project management has moved beyond infrastructure. Firms across different countries and sectors now acknowledge the need to manage their processes and keep costs and timing under control. As businesses begin to recognise the importance of project management worldwide, questions are being asked about the standards required. AXELOS is focusing on how these can apply to different staff and situations, as well as how workers can develop a career path in project management.

Is AXELOS popular aboard?

“It’s hard to measure the adoption of our products, but if you look at the number of exams taken, you can see strong growth outside the UK, as well as in the UK,” he says. “In the US there’s a lot of interest, and the biggest international user of PRINCE2 is the UN, to make sure their aid development is correctly managed.

“Our Managing Successful Programmes (MSP) product was used to deliver the Olympic Games. I was in Tokyo after they had won the right to host Tokyo 2020 and the focus was ‘When can we have MSP?’ They want to see the same success as London has had.”

What are the future priorities for AXELOS?

“Career path. For the individual, it’s about how your career can develop. There’s a different skill set between project and portfolio management, and no linear route. It comes to modularisation. We have been able to offer different dimensions.

Cyber Resilience is next. Companies need to put more emphasis on improving their reactions to cyber attacks rather than continuing to focus on prevent. Although there are a number of standards and best practices in place to prevent cyber attacks, firms are still falling foul, and this is usually due to the internal attitude and people, rather than technology.

New products launched in 2015 include PRINCE2 Agile; Cyber Resilience Best Practice and Continuing Professional Development (CPD).

What’s next?

Young people are learning things online and changing how it is done. We want our members to feel proud about having AXELOS qualifications and have launched digital badges so that project professionals can display their mark of professionalism across popular social networks.

Digital badges are tokens that appear as icons and are awarded to signify learning achievements in a way that can be easily verified and shared online. Our members digital badge’s will hold and display information about their professional development activity as well as the issue date and an expiry date.

Individual workers, organisations and entire industries can benefit from badges. Badges are a new form of currency – a more transparent and efficient way to communicate the acquisition and development of workplace skills.

From AXELOS to Microsoft, IBM to Oracle, many leading companies have adopted digital badges as a form of recognition for continuing professional development and certifications. The individuals who earn these badges enthusiastically share them to LinkedIn, Twitter, Facebook and other online destinations. Once shared, anyone can verify the authenticity of and learn more about the individual’s abilities. That shareability and verification can make all the difference in a competitive job market, whether an individual aspires to move ahead in her current position or move into a different job.

We also want continued openness from AXELOS, even more community collaboration and specific actions to further increase the relevance of AXELOS in the future.

Where do you believe project management is heading?

Anyone can benefit from project management guidance. “We are all project managers now,” he says.

November 3, 2015July 1, 2022

Top 10 Project Management Myths Debunked

Since the dawn of time, mankind has used myths to make sense of the uncertainty that surrounds us. In the early 1990s a lot of people believed that project management was the best kept secret in business. However, because project management was not seen as a prevailing profession at that time, it suffered from a lack of awareness which was in a sense, a double edged sword. Those who were knowledgeable in the practice of project management became extreamly valuable to organisations and pioneers for the profession.

These early adopters were able to convince organisations that project management practitioners were needed. Myths around project management began to form in the business community and as the role of the project manager was unclear, questions were raised as to what project management was and what it could offer organisations.

The definition of the word myth is a “widely held, but false belief or idea.” Here, we’re going to examine 10 of the most pervasive PM myths that have emerged.

Myth #1 – Contingency pool is redundant

This is one of the most ‘mythical’ myths that has plagued the industry for a long time. Coupled with the tendency to presume that ‘real work’ is tantamount to implementation or building something concrete and you have the perfect recipe for project disaster. The thought pattern behind this approach typically originates from budget constraints and/or having unrealistic expectations. As we all know, or should know, the unexpected happens quite regularly. An effective contingency plan is important as it aims to protect that which has value (e.g., data), prevent or minimise disruption (e.g., product lifecycle), and provide post-event feedback for analysis (e.g., how did we fare? did we allocate funds correctly?).

Myth #2 – Project Management software is too expensive

If your idea of project management software involves purchasing servers, and purchasing a software application from a major vendor for a small practice with 10 practitioners then, yes, it is too expensive. If, however, you have gone cloud and elected to use a powerful web-based project management solution (such as Smartsheet), then you are likely to save thousands of pounds while reaping the benefits of a pay-as-you-go price structure. The present, and future, lie in cloud solutions that provide equal, or superior, functionality at a fraction of the cost.

Myth #3 – Project Management methodologies will slow us down

Project managers have a reputation of using process-intensive methodologies that favour ideology over pragmatism. In some instances this may, indeed, be the case when there is a mismatch between a specific project management approach and the organisation’s acutall needs (e.g., a process-driven method, such as PRINCE2, may not be appropriate for a slightly chaotic environment that favours an adaptive approach, such as Scrum). So, in sum, put down the paint roller (“Project Management isn’t for us!”) and take out your fine-bristled brush (“The Critical-Chain method may not be our cup of tea, but Agile on the other hand”¦”).

Myth #4 – Facts and figures are more important than feelings and perceptions

While facts are very important, projects are often derailed and sabotaged because of false perceptions. The PM must pay attention to both fact and fiction to navigate through turbulent organisational change.

Myth #5 – Project managers need to be detail oriented and not strategic in nature

While it is of the utmost importance for the project manager to understand how to read the details of the project, they must also understand how the project supports organisational objectives. Having a strategic perspective adds great value to the skill-set of the project manager.

Myth #6 Rely on the experts in everything that you do

It is true, we do need to rely on the experts but our trust can not be a blind faith. The job of the project managers in this area is twofold. First we must extract information and second we must verify that the information is accurate. A good example of this is asking a planner to provide an estimate on the effort required to perform a task. In some instances team members forget to include tasks which ultimately results in a faulty estimate.

Myth #7 All the battles have to be fought and won so that we can succeed

Project managers sometimes make the assumption that they need to stand firm to get the job done, however, coming to compromise on a particular issue is often a better course of action in order to win the war.

Myth #8 Project Managers can wear multiple hats

Wearing different hats can be extremely confusing. This is especially true if the project manager is asked to be a business analyst or technical expert on top of serving in their PM role. They end up doing both roles with mediocrity. When we “wear two hats” we essentially tell ourselves that both hats fit on one head at the same time. However, what happens if the demands of two roles conflict and what assurances do we have that we’re managing the inherent conflict of multiple roles and the risks the roles introduce? Sadly, multiple roles become more common as we move up the management hierarchy in an organisation, and that’s exactly where potential conflicts of interest can do the most harm.

Myth #9 Once the risk register is created, it’s full speed ahead

Risk management provides a forward-looking radar. We can use it to scan the uncertain future to reveal things that could affect us, giving us sufficient time to prepare in advance. We can develop contingency plans even for so-called uncontrollable risks, and be ready to deal with likely threats or significant opportunities. Too often, it’s not until a catastrophic event occurs and significantly impacts project progress that ongoing risk reviews are conducted.

Myth #10 Project managers can not be effective in their role unless they have specific technical expertise in the given field that the project falls within

You don’t need to be an engineer to manage a construction project or a IT technician to manage a software development project. All you need is a fundamental understanding with strong PM skills to manage the team. Experience in the field helps but does not guarantee success.

Project management is challenging enough without the myths. The profession has come a long way since the 1990s and some of these myths are fading. However, we still see remnants of them in one form or another. Great projects cut through false assumptions and confusion, allowing their teams to make smart decisions based on reality.

These are just 10 project management myths, what are yours?

November 2, 2015July 1, 2022

13 Basic Facts You Should Know about Modular Homes

The concept behind a tiny garden pavilion in London, UK was simplified by the following equation: shed + office = Shoffice.

Modular homes sometimes referred to as “factory-built construction“, encompass a category of housing built in sections typically at a factory location. These houses must conform to local and regional building codes for the country the buyer plans to situate the dwelling.

Just like site-built housing, construction teams build modular homes to last and increase in value over time. As the factory finishes building sections of the house, each piece is transported to the homeowners build site on large truck beds. Local building contractors then assemble the house and inspectors ensure the manufacturer has built your residence to code. Most customers find that modular housing is less expensive than site-built homes.

1. Benefits of Construction

One of the benefits of construction is that manufacturers build them indoors in an enclosed factory setting, where the materials used to build the homes are not subject to adverse weather during construction.

Most building contractors can finish erecting a house in as little as 1-2 weeks, though it may take up to 4 weeks or more for local contractors to finish building the dwelling on-site once it has been delivered.

2. Differences Between Modular and Site Built

Modular homes are not the same as site-built homes, which contractors create 100% at the build site. That means the
contractor must collect all the materials for a house and built it on-site. Like a modular home, the site-built home must conform to all regional, state and local building codes. Many refer to site-built construction as stick-built homes. Stick built housing is also well-built and designed to last a lifetime.

3. Difference Between Modular and Manufactured

Manufactured housing is another form of factory construction. Many consumers have mistakenly referred to these homes in the past as mobile homes. Others refer to manufactured homes as trailers. Manufacturers do build these houses in a factory like modular homes on a steel chassis.

The manufacturer then transports sections of the home to the building site as completed. These dwellings are usually less expensive than both modular housing and site built housing, in part because they don’t come with a permanent foundation. Trailers and mobile homes are more likely to depreciate than modular or site built homes.

4, Advantages of Modular Construction Over Site Built

Modular homes offer many advantages over traditional site built dwellings. Many consider modular homes a hybrid breed of housing. Not a manufactured house and not a site built house, these homes offer consumers multiple benefits including costs savings, quality and convenience. In many ways modular homes surpasses site built housing in quality and efficiency.

Modulars have grown up. They are more and more becoming a mainstream selection for first time and secondary homebuyers. Most people now realise they don’t’ have to give up design quality or customization to buy a prefabricated house. One of the biggest misconceptions people have of prefabricated housing is they are look alike. “Boxy” is not a word that can begin to describe prefab dwellings. In fact, more suitable descriptions of these buidlings would include: “Elegant, durable, customised and high-class”. Many people find they can afford to include more specialization and customization when they buy a factory built house over a traditional stick built construction.

5. Cutting-edge Designs

Looking for a building design with a little pizzazz? You need to check out the latest architectural designs associated with prefabricated buildings. Firms are now building more elegant and unique designs to meet the increasing demands of selective customers. People are selecting modular designs over stick built designs to build their dream homes.

6. Customised Design and Modification

There are hundreds of companies that offer modular prefabricated construction kits and plans, and most employ various architects and specialized designers to help customize your home. That means you have more choices and a wider selection of designers to choose from. If you don’t find a style you like with one designer you can often move onto another, without even switching manufacturers.

7. Huge Range of Selection

Its always best to select a home that matches your lifestyle and design preferences.

8. Rapid Customisation

These are often the ideal selection for homeowners in need of a speedily designed homes. You simply can’t build a dwelling faster. Site built housing can take months to design and build. A manufacturer can design and place a prefab house in a few short weeks. You can pick from just as many different styles as you would a site built home if not more, but don’t have to wait weeks for contractors to build your custom house.

9. Precise Budgeting and Timing

Yet another benefit of these designs is the lack of guesswork involved. You don’t have to worry about how something will look. You know that everything will arrive to the build site complete and you will know the exact outcome. You also don’t need to worry about unexpected expenses, which is commonly the case with site built homes. With a prefabricated house, you know exactly what your home will cost and can control that cost from the point of buying to final construction. This isn’t the case with stick built housing. With stick built housing you also have to worry about surprises in the middle of construction. It isn’t uncommon for example, for a contractor to quit in the middle of a project. If this happens you have few choices.

Your home will sit partially built until you are able to find a new construction team. This alone may cost you valuable time and money.

10. Improved Energy Efficiency

Many prefab houses also come with what manufacturers call the “Energy Star” certification. This is a national company that promotes energy efficiency. Buildings with this label use 30-40 percent less energy yearly than traditional stick built housing.

This saves you time and money. Some key features of prefabricated housing that help improve energy efficiency include tight installation, high performance and weather resistant windows, controlled air systems and duct systems, upgraded air-conditioning and heating units and use of efficient lighting and heating appliances. As a bonus, these features not only save on annual energy costs but also improve the quality of your indoor air. Think energy efficiency isn’t significant? Think again. Over the lifetime of your house you could save thousands of pounds in energy bills by buying a prefabricated dwelling.

11. Design Modification is Easier

Most prefab homemakers now use computer aided design systems when conducting operations. This adds to the efficiency of construction and improves the appearance and architecture of homes. Prefabricated construction ranges from plain vanilla styling to intricate and complex modern designs.

12. On Time and on Budget

Perhaps the two biggest features or benefits of prefabricated housing that manufacturers hone in on are the speed that they can be built with and the competitive pricing they can offer on the final product. This is one reason that modular homes are gaining popularity.

13. Appreciate in Value

These dwellings also appreciate much like site built housing designs. Most homeowners are interested in building value in their house over time. Prefab housing afford you the opportunity to do this (keep in mind however much appreciation is dependent on real estate location). Select a good build site and your house will gain significant value over time. Other factors may also affect appreciation including landscaping and how well the house is cared for year after year. These factors also affect site built housing. Unlike mobile homes, which depreciate, a modular homeowner can expect to gain value from their home year after year. Study after study suggests that modular homes appreciate just as well as site built homes. They are also just as easily insured and financed.

As far as risk goes, you are no more at risk buying prefabricated housing than site built construction.

Modular Home Facts

Modular homes appraise the same as their on-site built counterparts do.
Modular homes can be more easilly customised.
Most modular home companies have their own in-house engineering departments that utilize CAD (Computer Aided Design).
Modular home designs vary in style and size.
Modular homes are permanent structures – “real property.”
Modular homes are considered a form of “Green Building.”
Modular homes are faster to build than a 100% site-built home.
Home loans for modular are the same as if buying a 100% site-built home.
Insuring your modular home is the same as a 100% site-built home.
Modular homes can be built to withstand 175 mph winds.
Modular homes can be built for accessible living and designed for future conveniences.

Would you consider a modular home for yourself, or are you more of a traditionalist?

November 1, 2015July 1, 2022