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Consistently delivering this value depends on a certain level of stability and predictability in the global market - which we haven ’ t truly had since March 2020 .

The construction industry is resilient , though . Determination and creative thinking led to the emergence of new project management strategies that enabled firms to meet schedules despite supply chain volatility caused by factors like price spikes , material scarcity , and domestic and overseas transportation constraints .

In this article , we ’ ll discuss five strategies firms can implement to reduce risk and keep their construction schedules moving forward despite supply chain instability .

1 . Accelerated scope definition

In the process of defining a project ’ s scope , time is of the essence . Even a slight delay in making a single decision can set off a chain reaction that affects your entire project timeline , putting your speed-to-market goals at risk .

Facility owners should approach new projects with clear goals and a high-level vision of the final facility , which the construction team can then help fine-tune from a feasibility and strategic planning standpoint . The faster the scope of work and design can be defined and approved , the better it will be for their project ’ s lifecycle .

In addition , the quicker these decisions are concluded ; the earlier project managers can initiate the procurement process and commence the coordination of critical disciplines and logistics . Material prices and availability are subject to constant fluctuations , so the earlier the orders can be placed , the better construction teams can adjust to unforeseen changes and stay within initial budget estimations .

2 . Proactive procurement

Traditionally , materials are purchased after the design is finalized or a minimum of 60 percent complete to mitigate modifications made during the progression of the design phase . It is imperative to focus design efforts strategically for the respective disciplines experiencing supply chain and cost fluctuations . When material shortages or costs are predicted to fluctuate significantly , it may be worthwhile working directly with suppliers to lock in material purchases . Critical materials such as electrical gear , structural steel ( joist / deck ), dock equipment and thermal supplies are prime examples of where the design effort needs to be focused earlier in the project lifecycle . The results of identifying long lead items , planning for finalizing strategic design efforts and initiating the procurement for these critical items will serve the project schedule , lock in cost , and allow focus to shift to the remaining buyout and delivery of the project . This strategy can help firms gain time on a project schedule that might have otherwise been lost .

3 . Strategic schedule resequencing

Accurate construction sequencing is paramount to ensure a seamless project execution . There are multiple factors and advantages associated with the timing and logical sequencing of tasks within a

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