Using knowledge to improve preparation of construction projects

Purpose – Efficient project execution is a key business objective in many domains and particularly so for capital projects in the construction industry. Each construction project is unique in terms of how specialist professionals manage knowledge. Construction projects generate a large body of knowledge for sharing and reuse within the construction organization and across projects. In addition, projects provide opportunities for new knowledge to emerge in a cross‐functional, team‐work context. There are many factors in the construction industry that can influence the execution of construction projects, both positively and negatively, and so it is increasingly important to anticipate risks and implement the best solutions. Therefore, the preparation of the project before execution is crucial for any construction firm. This paper sets out to improve project preparation for execution in large construction firms. Thus, the purpose of this paper is to look at ways by which construction projects are prepared, b...

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