Swot Analysis for Indian Construction Industry.Pdf

Construction is always demanded because there are always repairs needed or new buildings being constructed. In a city there is more demand for these kind of jobs because there is more people and more buildings than a rural or country area. The total number of jobs for construction in 2014 was 945,400 with a 6% increase for the next 10 years. The estimated employment change for 2024 is 60,400. With these statistics, it shows that the jobs for this particular occupational field is increasing. In 2015, California was the state that had the biggest job increase in construction. California added 59,300 jobs which increased the total construction jobs by 8.6%. Other states that have also increased construction jobs are Florida, New York, and Hawaii. This proves the need for construction is greater in the areas with dense population and larger

Management of construction projects needs skills and knowledge in modern management and comprehension of construction and design process. In construction projects, the relevant technology processes, and arrangements differ, but common sequence of events apply. Construction projects generally require a specification of the project plans and objectives that entail budgeting, scope, setting of performance requirements, scheduling, and project participants (Rojas, 2009). It also requires project management specifics like the resource utilization by procurement of materials, labor, and equipment to project plan and schedule. In addition, it leads to implementation of several operations by effective control, estimation, design, construction, and contracting (Mincks & Johnston, 2010). The sequence of events occurring in the construction phase is categorized into three broad areas including foundation, structural, and finishes sequence.

To incoming students in the construction management discipline., the three types of research that will be described in this paper are scholarly journals, trade journals and popular magazines, these will also be accompanied with examples of a research topics. Students can use these researching strategies for the following: essays, lab reports, reviews, and annotations. Knowledge of these resources will ensure success in the program.

Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the

Construction is a highly profitable industry that has the ability to support workers with decent wages.

Employment. It will create 450,000 permanent jobs for construction. After the project is completed worker will be need for the maintenance of the HSR and

In 2014, the sector accounted for 3.8% of the annual Gross Domestic Product (Bureau of Economic Analysis, 2016). Over the past 15 years, the sector have experienced quite a fluctuations and endured a challenging time. Starting with a decent share of 4.5% in the year 2000, the construction sector experienced a frenzy growth with flourishing US economy till 2006. The sector was badly hit during the December 2007-June 2009 recession with a net employment decline of 19.8% (Hadi, 2011). The loss of 1.5 million employment was the largest decline amongst the nonfarm industries. Residential construction was the most badly hit with effect starting almost a year before the start of the actual recession. The market and condition of this housing industry has improved ever since but this improvement is coming at a considerably slower pace (U.S. Census Bureau, Housing units started in the United States (2000-2015), 2016). As a result, the companies need to prepare themselves to face any similar market failure in future. Development of a robust business model with diverse market penetration could be one of the options to grow and prepare for any similar catastrophe (Baack, Harris, & Baack,

Many people around the entire world do not possess the knowledge of the different types of constructions and if there is a specific reason this construction are made in certain way or area of the world. Construction is more complex than just building an infrastructure or a facility. It takes planning, land property inspection, design, in numerous occasion financing and the process ends once the project is built and ready for use.

Determination of future requirements by using forecasting for particular industries within the given area is a prerequisite for making informed decision about whether to approve an industry expansion or to allocate resources elsewhere. Using this information, in order to decide whether to approve or withhold the approval for new construction sector business proposals, while conducting the forecasting of the construction sector growth trends by using the data from the past five years, 2010-2014. The decision regarding the approval of potential future new business proposals will be made on the foundation of the results of forecasting model completed. The following

The identification of the probabilities and possibilities of new entrants is important because of intrusion risks made by them on profitability of existing company’s market share. The construction industry of UK has been affected by the differentiation of products, switching of costs, scale economies and government policies. The skill network report of 2006 to 2010 for construction companies in UK has stated that the output of the construction companies in UK is about 3 percent per year. There are about 2.5 million employees who are expected to join construction companies (www.constructionskills.net).

On the back of growing demands, due to increased construction and infrastructural activities, the cement sector in India has seen many investments and developments in recent times.

There however are challenges in the industry occasioned by uncertainty on future spending on construction projects by the government. Moreover, the cost of doing business and the ability to increasingly make revenue have created a challenging environment for the construction firms. Therefore stakeholders in the construction industry are concerned with whether the government would increase its spending and whether the public construction projects will be available in the future since less than 10 percent are currently financing their clients.

The construction industry like many other industries has changed and evolved with time. It is the fourth largest contributor to Australia’s GDP and has played a major role in determining economic growth of the country. In terms of employment, the industry has employed 9% of the Australian workforce making it the fourth largest industry (ABS data).

250 million buyers have flooded the Indian market. Tax Policy is moderate and employment laws are proemployee with slow reforms. The trade barriers are very low and Foreign Direct Investment (FDI) is

The construction industry much like other industries is dependant with the distribution of “scarce resources” (Drake,1994). Many of its resources known as the factors or production i.e. labour, capital, land etc. are limited (Gregory-Mankiw, 2008), however, wants and desires within the industry are infinite (Myers, 2013). Kishtainy notes that this creates two problems; at any given time, there will be a fixed number of resource, against numerous wants. Sloman 2003 adds that in an effort to rectify this, he argues that we must make choices, in terms of choices within the construction industry Myers suggested that firms need to considered their investments made, how they construct and for whom they construct for.