Blog

Updates from industry thought leaders.

Change Management in an Agile Capital Program

In Owners - 0
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The Dunning-Kruger effect is a psychological phenomenon that reveals a humorous, but worrying part of human nature. It dictates that people often perceive their ability inverse to their actual ability. Those with skill undervalue themselves, and those without overvalue themselves.

Any responsible manager constantly fights against this effect, using personal experience and hard data to gain greater self-awareness. But it can rear its head in one particular arena: change management.

Our 2016 CURT Owner Trends Study focused on change management as it relates to organizational agility, or the ability for a capital construction program to rapidly adapt to new needs. Responses revealed that while we think about change a lot, and talk about change a lot, we don’t always manage it well. And that’s something we need to figure out.

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Continuum Advisory Group Talks E/C/F Futures with Construction Industry Institute

In Owners - 0
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The demands upon internal Engineering, Construction and Facilities (E/C/F) groups are increasing. They are being asked to do more with less faster to accomplish strategic business objectives. Continuum Advisory Group found this and more to be true in a recent study called “Order Takers or Value Creators – Engineering, Construction, and Facilities Groups as Critical Drivers of Organizational Performance.“

The study was produced in partnership with the Construction Industry Institute (CII). Continuum Advisory Group’s Matt Marshall presented the study’s findings recently with the Associated General Contractors of Colorado Subcontractor Relations Committee. 

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Innovation, Agility, and Strategic Imperative

In Owners - 0
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The purpose of owner E/C/F (Engineering, Construction, and Facilities) teams may seem obvious: build stuff so that business happens. You wouldn’t be wrong, in the same way that a computer’s purpose is to “do math fast.”

The strategic benefits of that team can be harder to identify. Continuum Advisory Group recently completed a study to uncover these benefits and interview people changing the relationship between E/C/F and the internal clients they serve. Above all, we want to show others how.

In our new blog series, we’ll be exploring the results of the study in greater depth. Each blog is focused on one of the eight identified themes from our interviews with 35 diverse corporations.

In our previous installment, we discussed how E/C/F departments have to sell themselves. But here, the customers are not shoppers or buyers, but rather people within the organization. An innovative, agile E/C/F department will make that pitch much more appealing.

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E/C/F Maturity and Growth

In Owners - 0
ECF-Value-Creators

The purpose of owner E/C/F (Engineering, Construction, and Facilities) teams may seem obvious: build stuff so that business happens. You wouldn’t be wrong, in the same way that a computer’s purpose is to “do math fast.”

The strategic benefits of that team can be harder to identify. Continuum Advisory Group recently completed a study to uncover these benefits and interview people changing the relationship between E/C/F and the internal clients they serve. Above all, we want to show others how.

In our new blog series, we’ll be exploring the results of the study in greater depth. Each blog is focused on one of the eight identified themes from our interviews with 35 diverse corporations.

Our first blog in the series covers how companies view their E/C/F departments, both where they are and where they’d like to be.

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Doing More with Less

In Owners - 0
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Doing More With Less

Cars are a microcosm of human technology. We pour millions of dollars and hours into extracting more and more from arguably the same stuff: gas and metal. And efficiency isn’t just gas mileage, either. Take the Ford Mustang, for instance. The new V8 model puts out 435 horsepower with nearly the same size engine as a 90s model…which boasted a mere 236 ponies.

The fundamentals of the engine haven’t changed: gas, metal, air. What has changed is how those materials are used. The construction industry follows the same paradigm, in that ultimately we build things. But the journey there? The road can be bumpy, include detours and (at times) be long and winding.

Efficiency is more important now than ever. You have to do more with less.

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How Lean Construction Principles Create Efficiencies and Cost Savings

In Homebuilding - 0
Lean Graph

The construction business is not always one for subtlety.

When you’re building something huge – say a factory – brute force can seem like an effective way to power through the complexities of workforce coordination, materials management and other hurdles. And sometimes it works… but at a cost.

A big one, as it turns out. In fact, researchers have estimated that anywhere from 25 to 50 percent of construction resources are wasted on each project. Those resources range from tangible materials to abstracts like labor and morale.

Lean construction philosophy is focused on closing that gap. It challenges the notion that speed and quality are disparate ideas. It is the belief that you can reduce waste and increase productivity, safety performance and project value through advance planning, strategic thinking, proactive management, communication and artful leadership.

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Shifting Gears | Our view of the “Utility of the Future”

In Energy Utility & Pipeline - 0
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An often-heard term at Continuum Advisory Group is “the Utility of the Future”. This most often describes a shift to new or emerging technology that will define a new era of efficient operation. It can change how construction takes place and how companies operate.

While physical assets are critical, there’s another more important aspect of corporate operations at stake, management of the way we run the business. We believe that a “Utility of the Future” will change management practices as much, if not more, than operational practices.

Consider the current gas utility environment: The Industry is subject to increased regulation, deteriorating infrastructure, and an aging experienced workforce that serve an industry that young people are not attracted to. There are many moving parts and managing those parts will be the major challenge – or opportunity.

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Order Takers or Value Creators? | Engineering, Construction, and Facilities Study

In Owners - 0
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Order Takers or Value Creators? Your Engineering, Construction, and Facilities (E/C/F) Department

Your facility is sort of like a favorite jacket. You wear it every day, so often that you forget it’s there. You walk through rain and wind, fixed on your phone or a friend or whatever else, and it’s your silent protector from the elements.

But then there’s a hole in it. Suddenly, you pay attention.

Your E/C/F department, when it’s functioning properly, may seem like it’s barely there at all. But imagine if that department played a more active, strategic role in your company. Imagine if you extracted all of its potential. Imagine if they stopped just taking orders and started sitting in your executive team meetings creating value for your company and shareholders. What could happen?

That proposition is the subject of a new, joint study between Continuum Advisory Group and the Construction Industry Institute (CII).

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Decision Making for Homebuilders | Deadlines that Matter (Video 3 of 3)

In Homebuilding - 0
In the homebuilding industry, there is an unfortunate phenomenon in the 4th quarter. It is an intense time when up to 60% of units are closed in just a few months. Partners are pushed to their limits, employees work long hours, and your entire team goes into the holidays drained.

At Continuum Advisory Group, we call this phenomenon the 4th Quarter Fire Drill. It is a natural consequence of bad habits. Like any bad habits, these can be unlearned and prevented.

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Trade Shortage Speech at Greater Orlando Builder Association

In Homebuilding - 0
Trade Shortage Speech

On Tuesday, June 28th, Brandon Hart (Senior Consultant) and Clark Ellis (Principal) of Continuum Advisory Group spoke to members of the Greater Orlando Builder Association on one of the industry’s hottest topics: the trade shortage.  The repercussions of the recession are still looming, and homebuilders across the country are being forced to consider the impact that constrained trade capacity may have on their long term business planning.

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