Construction Management in Practice

by Fellows, Richard F.; Langford, David; Newcombe, Robert; Urry, Sydney

• ISBN13: 9780632064021
• ISBN10: 0632064021
• Edition: 2nd
• Format: Paperback
• Copyright: 2002-01-21
• Publisher: Wiley-Blackwell

Summary

While most construction management books are project based, this book looks at management principles and techniques applied to the day-to-day problems facing a business in the construction industry.It covers: Business strategy Industrial relations Health and safety Managing people Financial management Quantitative methodsThe text includes end of chapter review questions and a range of illustrative examples.Since the book was first written in 1982 much has changed. The Second Edition has been thoroughly revised and takes account of the increased globalisation of construction, the move from public to private sector work, the drive for productivity, changing procurement methods, new emphasis on life cycle costing and much more.It will provide a valuable text for undergraduate and postgraduate courses in construction management, surveying and civil engineering as well as offering useful insights for practitioners undertaking CPD activities.

Author Biography

Richard Fellows is joint coordinator of CIB TG-23, Culture in Construction and lectures at the University of Hong Kong. David Langford holds the Barr Chair of Construction at Strathclyde University, Glasgow. Robert Newcombe is an MBA Course Director in the Department of Construction Management & Engineering at the University of Reading. Sydney Urry was Professor Emeritus and Head of the Department of Building Technology at Brunel University.

Table of Contents

Preface	viii
Authors' note	ix
Acknowledgements	x
Abbreviations	xi
Construction Management in Practice	1	(8)
Characteristics of the construction industry	2	(3)
Construction management in practice	5	(1)
Strategic management	6	(1)
Managing people	6	(1)
Managing money	7	(1)
Decision-making techniques	7	(2)
References and bibliography	8	(1)
Introduction to Strategic Management	9	(19)
Concepts and definitions	9	(2)
The evolution of strategic management	11	(17)
Summary	25	(1)
Questions	26	(1)
References and bibliography	26	(2)
Strategy Systems	28	(16)
Strategic planning	28	(9)
Strategic vision	37	(3)
Strategic learning	40	(2)
A hybrid approach	42	(2)
Summary	42	(1)
Questions	43	(1)
References and bibliography	43	(1)
Industrial Relations	44	(30)
The history and development of industrial relations	44	(3)
The role of employers' associations in construction	47	(2)
The structure of employers' associations	49	(3)
The role of the trade unions	52	(8)
Management responsibilities in industrial relations	60	(5)
Empowerment and worker participation	65	(2)
The industrial relations machinery	67	(7)
Summary	70	(2)
Questions	72	(1)
References and bibliography	72	(2)
Health and Safety in Construction	74	(31)
The magnitude of the problem	75	(2)
Health and safety legislation	77	(9)
The cost of safety	86	(5)
The role of the safety officer	91	(8)
Changing attitudes to safety	99	(6)
Summary	102	(1)
Questions	103	(1)
References and bibliography	104	(1)
Managing People	105	(36)
Planning Human Resources	105	(1)
Objectives of human resource planning	106	(3)
Procedures for human resource planning	109	(11)
Managing Human Resources	119	(1)
Recruitment to the industry	120	(1)
Recruitment to a trade or profession	120	(1)
Recruitment to the company	121	(4)
Training	125	(12)
Investors in People standards	137	(4)
Summary	137	(2)
Questions	139	(1)
References and bibliography	140	(1)
Financing Business Units	141	(35)
Types of business unit	142	(10)
Sources of capital	152	(13)
Capital structures	165	(11)
Summary	173	(1)
Questions	174	(1)
References and bibliography	174	(2)
Budgeting	176	(55)
Costs	177	(16)
Profit	193	(1)
Financial policy	193	(3)
Revenues	196	(9)
Monitoring and control	205	(9)
Clients	214	(2)
Consultants	216	(1)
Investment appraisal	217	(14)
Summary	227	(1)
Questions	228	(1)
References and bibliography	229	(2)
Financial Performance	231	(60)
Value management	231	(5)
Decisions	236	(23)
Financial reporting	259	(16)
Financial management	275	(16)
Summary	287	(1)
Questions	287	(1)
References and bibliography	288	(3)
Quantitative Decision-making	291	(33)
Cost models	292	(7)
Probability	299	(8)
Some statistical ideas	307	(5)
Linear regression	312	(1)
Stock control	313	(7)
Just-in-time	320	(4)
Summary	320	(1)
Questions	321	(2)
References and bibliography	323	(1)
Operational Research	324	(31)
Network analysis	325	(6)
Linear programming	331	(13)
Queueing	344	(11)
Summary	350	(1)
Questions	351	(3)
References and bibliography	354	(1)
Appendix A Discounted Cash Flow Tables	355	(10)
Appendix B Properties of the Normal Curve	365	(2)
Appendix C Use of Current Cost Accounting	367	(2)
Appendix D Recording Transactions	369	(3)
Index	372