PMBOK guide defines TM as the “Use of available time and your own productivity along with the

700 WordsApr 23, 20193 Pages
PMBOK guide defines TM as the “Use of available time and your own productivity along with the appropriate planning and management of the project schedule” highlighting the link between Time Management and productivity and its closely knit relationship to scope and cost areas. Max Wideman presents a wider definition for TM as the “function required to maintain appropriate allocation of time to the overall conduct of the project through the successive stages of its natural life-cycle, by means of the processes of time planning, time estimating, time scheduling, and schedule control.” Ultimately at it’s core however, TM is about time, its planning and control during all stages of the project. A further look into Wideman’s definition of TM…show more content…
Time management of the “seamless integration and flow” from one value adding step to the other highlights the efficiency concept of lean construction. An extension of Lean construction is prefabrication and preassembly considerations. When adopted in the project life cycle, for the design of both components and processes, higher quality and cost and time savings can be achieved and ultimately increase productivity. Building information modeling (BIM) is a coordinated set of processes, supported by technology, that adds value by creating, managing and sharing the properties of an asset throughout its life-cycle. “Right the way through the asset life-cycle, BIM saves time and money. It enables more effective integration through-life information management as well as stronger business continuity.” Due to the “Faster and more effective processes” information is more efficiently and easily shared, can be value-added and reused. Of importance is the timely implementation of BIM during the inception phase to allow for the greatest productivity yield. Exploiting opportunities of uncertainty during the early project phase can yield return by controlling risk and increasing productivity. Research shows that many project owners are conservative risk avoiders in their strategic choices concerning risk reduction. “Lack of time” and “ time pressure in the

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