THE COST OF 1ST & 2ND ORDER CONSEQUENCES, ELIMINATE WASTE IN CONSTRUCTION, MS PROJECT CASE EXAMPLE

In this insightful video, I delve into 1st order and 2nd order consequences of construction decision while using the principles of lean construction, a methodology aimed at optimizing efficiency and reducing waste in construction projects. I explore the eight key areas of waste identified in lean construction and examine how they manifest in real-world scenarios, from transportation and inventory management to motion and waiting times.
Through practical examples and explanations, I uncover the first-order consequences of inefficient practices, such as overproduction, defects, and underutilized talent. I then delve deeper into the second-order consequences that stem from these initial actions, illustrating how they can compound over time, impacting project timelines, costs, and overall success. Using MS Project as a tool to aid in examining the cost variances to differing decisions.
Join me as I highlight the importance of identifying and addressing waste in construction projects, not only for improving productivity and profitability but also for fostering a culture of continuous improvement and innovation within the industry.
Don't miss out on this enlightening discussion on lean construction and learn how to streamline your projects for maximum efficiency and success. Subscribe now and stay tuned for more insightful content on optimizing construction practices!
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Tom Stephenson is a national award-winning professor (George Brown College, University of Toronto) and best-selling author whose background in education spans nearly three decades. His diverse teaching disciplines include construction project management, business management, human resource management, architecture, carpentry, and brick and stone masonry. As a dual-professional, Tom is called upon by industry leaders to translate knowledge, reinvigorate corporate culture, and inspire innovation in emerging and established companies across Canada. Before breaking into the academic realm, Tom acquired more than a decade of practical project-management experience, operating a mid-sized Toronto-based general contracting firm. He is also the author of the newly released Planning, Scheduling, and Control of Construction Projects with American Technical Publishers and the four best-selling editions of Understanding Construction Drawings for Housing and Small Buildings with Nelson Publishing Canada. Tom most recently received the Toronto Construction Association’s 2020 Chancellor’s Award for “helping his peers become more ethical, knowledgeable and professional.” A champion of change management, Tom takes pride in helping students and businesses navigate uncharted territories, take calculated risks and rise above the status quo. Some of the companies he’s worked with include Mattamy Homes, EllisDon, BIRD Construction, MCA, Maple Reinders, and Tucker HiRise, University of Toronto Project Managers.

[@Sinalove1]

Hi Tom, thank you so much for your wonderful videos. Can you do a session on reading rebars in pour in situ homes - a fully concrete home in say hurricane areas. I'm looking to build in the tropics.

[@TomStephensontraining]

Thanks for watching, I can do more on rebar but I’m not as familiar with building in the tropics. But never say never.

[@jaysonmarx7680]

Hi Tom, I may have mislooked, but you have tutorial for cost control software?

[@TomStephensontraining]

Not specifically, for project management I use ms project, check my playlists