Tag Archives: Peter Fabris

Coaching pays off for new managers

Study finds increased engagement and readiness for new roles.

AUGUST 13, 2019 |

Courtesy Pixabay

Those in the engineering and construction industries that undergo a coaching program are more engaged and better able to perform in new management roles, according to a new white paper by FMI.

“Executive Coaching: Driving Real Results for Leaders in the Built Environment” is based on interviews and a quantitative survey conducted with executives who were coached.

The survey found that:

— 91% of participants said that coaching increased their readiness for a new leadership role

— Nearly 88% of participants suggested that coaching increased their overall engagement in their roles

— 87% of respondents said that executive coaching has a high return on investment

— 77% of survey respondents stated that their coaching experience exceeded their expectations

Coaching made a significant impact to leaders in four main areas: serving as a sounding board for thoughts and ideas, a platform for effective leader transitions, a catalyst for engagement, and a driver of commitment and real ROI.

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Modular construction can deliver projects 50% faster

A new McKinsey report says factory-built could be next big shift in the industry.

JUNE 26, 2019 |
Modular construction can deliver projects 50% faster

Modular carries a potential cost savings of up to 20%, but there is a risk of up to a 10% loss if delivery or material costs spike, the report says.

Modular construction can deliver projects 20% to 50% faster than traditional methods and drastically reshape how buildings are delivered, according to a new report from McKinsey & Co.

Modular carries a potential cost savings of up to 20%, but there is a risk of up to a 10% loss if delivery or material costs spike, the report says. The global market is primed for the sweeping change that factory-built construction offers.  

To realize all of modular’s benefits, the building team must choose the right design and right materials as well as overcome challenges in design, manufacturing, technology, logistics and assembly; and take advantage of locations where they can achieve scale and repetition. Public sector owners and regulatory agencies are well positioned to drive the industry toward modular. 

Up to now, prefabricated housing has achieved a sustainable foothold in only a few places, including Japan and Scandinavia, the report adds. That may change as labor shortages become more acute and the industry adopts new, lighter-weight materials and digital technologies that enhance design capabilities and variability, improve precision and productivity in manufacturing, and facilitate logistics.

 

 

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