The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform

Daniel W Halpin - One of the best experts on this subject based on the ideXlab platform.

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front‐end and back‐end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraf...

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front-end and back-end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraft requirements while using an overbilling strategy, and 30% reduction if the trade credit strategy is implemented.

Qingbin Cui - One of the best experts on this subject based on the ideXlab platform.

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front‐end and back‐end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraf...

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front-end and back-end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraft requirements while using an overbilling strategy, and 30% reduction if the trade credit strategy is implemented.

Fidelis I Emoh - One of the best experts on this subject based on the ideXlab platform.

  • critical issues in real estate finance as an index in building Construction Project Management success in nigeria
    American Journal of Social and Management Sciences, 2011
    Co-Authors: Fidelis I Emoh, Chinedu Nwachukwu
    Abstract:

    The bane of real estate development and investment is finance. There is no iota of doubt that funding is the important factor in real estate development and investment. The complexity and to a large extent its capital intensive nature demands proper and adequate funding to make it realizable. The terms and availability of the needed funds determine the trend of estate operation. Availability of estate finance in sufficient quantity will definitely accelerate all forms of property development.

  • building Construction Project Management success as a critical issue in real estate development and investment
    American Journal of Social and Management Sciences, 2011
    Co-Authors: Chinedu Chidinma Nwachukwu, Fidelis I Emoh
    Abstract:

    The strategic importance of building as an economic facility, the Construction or developmental process and its investment potential are some attributes that attract all sectors of the economy to its Projecting rays. Building facility is like a catalyst that not only serve as an engine that energies every other sector of the economy but gives impetus to the developmental rating of the environment. We know that all business activities for both public and private sector are housed in a structure called building, production activities, medical and health care, agro based activities, educational activities, political activities, sports, transport sector to mention a few cannot operate proficiently without having direct or indirect need for housing facility. The production of building facility as we refer it to building Construction or developmental process attracts professionals from all fields of life and non professionals. Not only that, housing development employment cut across all categories of human endeavor. Building material production, marketing, distribution, supply, storage has a long and strong chain like impact on the economy as we know in commerce that production is not complete unless the products get to the hands of the final consumers. The income generated by way of receiving wages and salary, buying and selling by people within and outside the country contributes positively to the world economic growth. The investment attraction of building development by public and private sectors of the economy anchor on its indispensable and strategic importance as a solid rock of support and strength to all sectors of the economy. To the estate surveyor and Valuer, more than eighty percent of our professional activities revolves around building facility. To this end, any effort to encourage investment in building facility should be seen as a step in the right direction. One of the steps which form the main focal point of this paper is making sure that building developments are Project managed to achieve success thereby reducing the rate at which building Construction Projects fail, suffer abandonment and reduce if not eliminating the rate at which buildings collapse in Nigeria.

Makarand Hastak - One of the best experts on this subject based on the ideXlab platform.

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front‐end and back‐end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraf...

  • systems analysis of Project cash flow Management strategies
    Construction Management and Economics, 2010
    Co-Authors: Qingbin Cui, Makarand Hastak, Daniel W Halpin
    Abstract:

    Cash flow Management is one of the most important determinants of the success of Construction Project Management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of Construction jobs. Particularly, in an attempt to reduce Project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in Project cash flows, a system dynamics model is developed for Project cash flow Management. The model is flexible to incorporate typical front-end and back-end loading cash flow Management strategies and provides an interactive predication of Project cash flows. A warehouse Project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraft requirements while using an overbilling strategy, and 30% reduction if the trade credit strategy is implemented.

Liyin Shen - One of the best experts on this subject based on the ideXlab platform.

  • Mapping Approach for Examining Waste Management on Construction Sites
    Journal of Construction Engineering and Management-asce, 2004
    Co-Authors: Liyin Shen, Derek S. Drew
    Abstract:

    The increasing awareness of environmental impacts from Construction wastes has led to the development of waste manage- ment as an important function of Construction Project Management. Various approaches for managing Construction wastes have been developed in the existing research works and practices, and these works can be grouped largely into three areas: waste classification, waste Management strategies ~avoiding waste, reducing waste, reusing waste, and recycling waste!, and waste disposal technologies. Neverthe- less, these approaches give less attention to the Management of the waste handling process on Construction sites. In fact, Construction wastes pass through a number of processes from generation to final disposal, and proper flow of these processes can improve waste Management effectiveness. This paper examines the waste handling process during Construction through mapping six cases selected in Hong Kong Construction, with the assistance of the free-flow mapping presentation technique. The examination leads to developing a waste Management mapping model ~WMMM!, which incorporates the good operations embodied in the existing practices. The WMMM provides an alterative tool assisting in planning waste Management procedures on Construction sites. It can serve as a vehicle for comparing the waste Management practices between Construction sites, thus both good practices and weak areas can be identified.

  • factors constraining the development of professional Project Management in china s Construction industry
    International Journal of Project Management, 2004
    Co-Authors: Guiwen Liu, Qiping Shen, Liyin Shen
    Abstract:

    Abstract This paper introduces a survey aimed at identifying the underlying factors that constraint the development of professional Project Management in China's Construction industry. Professional Construction Project Management, which is known as Construction supervision (CS) in China, was introduced into China's Construction industry in 1988. After more than 10 years of rapid growth, the further development of CS is challenged by a number of arising problems. Based on the findings of the survey, this paper highlights the most significant factors causing these problems. These factors are related not only to CS companies, but also to clients, other Construction professionals, and the environment of the Construction market. It is anticipated that the discussion of these factors will provide a basis for future strategies to promote the development of CS in China and also provide a useful reference for other developing countries which face similar problems in promoting the applications of professional Construction Project Management in the Construction industry.

  • using systems dynamics to better understand change and rework in Construction Project Management systems
    International Journal of Project Management, 2002
    Co-Authors: Peter E D Love, Heng Li, Liyin Shen, Gary David Holt, Zahir Irani
    Abstract:

    The Management of Construction is complex enough without changes (e.g. to design/specification/client requirements), yet it is a familiar characteristic of in Construction Projects. To effectively manage change, Project managers have to undertake detailed planning; to integrate the work activities of consultants, subcontractors and suppliers. In this context, changes are unplanned disturbances that (typically) interfere with the intended progression of work. Given this 'interference', what are the consequences of such disturbances on Project performance and how can/do/should Project managers deal with changes effectively? This paper describes how changes (and their actions or effects otherwise known as dynamics) can impact the Project Management system. Using a case study and the methodology of systems dynamics, the major factors influencing a Project's performance are observed. The need for understanding of how particular dynamics can hinder the performance of a Project Management system are highlighted.