Construction Management in Practice, 2nd edition

Construction Management in Practice, Second edition......Page 2
Contents......Page 8
Preface......Page 11
Authors' note......Page 12
Acknowledgements......Page 13
Abbreviations......Page 14
1: Construction Management in Practice......Page 18
1.1 Characteristics of the construction industry......Page 19
1.2 Construction management in practice......Page 22
1.4 Managing people......Page 23
1.6 Decision-making techniques......Page 24
References and bibliography......Page 25
2.1 Concepts and definitions......Page 26
2.2 The evolution of strategic management......Page 28
Summary......Page 42
References and bibliography......Page 43
3.1 Strategic planning......Page 45
3.2 Strategic vision......Page 54
3.3 Strategic learning......Page 57
Summary......Page 59
References and bibliography......Page 60
4.1 The history and development of industrial relations......Page 61
4.2 The role of employers' associations in construction......Page 64
4.3 The structure of employers' associations......Page 66
4.4 The role of the trade unions......Page 69
4.5 Management responsibilities in industrial relations......Page 77
4.6 Empowerment and worker participation......Page 82
4.7 The industrial relations machinery......Page 84
Summary......Page 87
References and bibliography......Page 89
5: Health and Safety in Construction......Page 91
5.1 The magnitude of the problem......Page 92
5.2 Health and safety legislation......Page 94
5.3 The cost of safety......Page 103
5.4 The role of the safety officer......Page 108
5.5 Changing attitudes to safety......Page 116
Summary......Page 119
Questions......Page 120
References and bibliography......Page 121
Part A Planning Human Resources......Page 122
6.1 Objectives of human resource planning......Page 123
6.2 Procedures for human resource planning......Page 126
Part B Managing Human Resources......Page 136
6.4 Recruitment to a trade or profession......Page 137
6.5 Recruitment to the company......Page 138
6.6 Training......Page 142
Summary......Page 154
Questions......Page 156
References and bibliography......Page 157
7: Financing Business Units......Page 158
7.1 Types of business unit......Page 159
7.2 Sources of capital......Page 169
7.3 Capital structures......Page 182
Summary......Page 190
References and bibliography......Page 191
8: Budgeting......Page 193
8.1 Costs......Page 194
8.3 Financial policy......Page 210
8.4 Revenues......Page 213
8.5 Monitoring and control......Page 222
8.6 Clients......Page 231
8.7 Consultants......Page 233
8.8 Investment appraisal......Page 234
Summary......Page 244
Questions......Page 245
References and bibliography......Page 246
9.1 Value management......Page 248
9.2 Decisions......Page 253
9.3 Financial reporting......Page 276
9.4 Financial management......Page 292
Questions......Page 304
References and bibliography......Page 305
10: Quantitative Decision-making......Page 308
10.1 Cost models......Page 309
10.2 Probability......Page 316
10.3 Some statistical ideas......Page 324
10.4 Linear regression......Page 329
10.5 Stock control......Page 330
Summary......Page 337
Questions......Page 338
References and bibliography......Page 340
11: Operational Research......Page 341
11.1 Network analysis......Page 342
11.2 Linear programming......Page 348
11.3 Queueing......Page 361
Summary......Page 367
Questions......Page 368
References and bibliography......Page 371
Appendix A: Discounted Cash Flow Tables......Page 372
Appendix B: Properties of the Normal Curve......Page 382
Appendix C Use of Current Cost Accounting......Page 383
Appendix D Recording Transactions......Page 386
Index......Page 389