TY - CONF TI - Reflections on Money and Lean Construction C1 - Berkeley, California, USA C3 - 7th Annual Conference of the International Group for Lean Construction SP - 253 EP - 262 PY - 1999 AU - Orrechia, Federico AU - Howell, Gregory A. AD - M.S., President, PIC – Produtividade Counstultora LTDA. Rua Pedro de Cunha, 65 Sao Paulo, SP, CEP 05010-020 Brazil, 55-011/3872-6595, orecchia@uninet.com.br AD - P.E., Director, Lean Construction Institute, Box 1003, Ketchum, ID 83340, 208/726- 9989, fax 208 726 0699, ghowell@micron.net AB - Money is a particularly tricky resource to manage because it comes with its own set of rules. Value is created by the application of cost concerns to choices in design. Likewise cash flow considerations during construction may lead to adjusting design to minimize risk of schedule overrun. Here again the role of money is to help clarify value for the client. In some cases the speed of the project may be limited by the rate of cash flow and while managing to assure no overrun how ever small is simplified by reliable work flow, some additional time should be added to the schedule to account for variations in cash flow. By contrast, if a precise and rapid completion date established early in the project is important to an owner, steps must be taken to insure the project is not sensitive to disruptions which might cause the project to be late. In this case, a buffer of additional money is prudent. In either case, the problem of matching cash flow to construction demands is eased by reliable workflow. KW - Money KW - financing KW - lean construction KW - lean production KW - production management PB - T2 - 7th Annual Conference of the International Group for Lean Construction DA - 1999/07/26 CY - Berkeley, California, USA L1 - http://iglc.net/Papers/Details/80/pdf L2 - http://iglc.net/Papers/Details/80 N1 - Export Date: 29 March 2024 DB - IGLC.net DP - IGLC LA - English ER -