Time to market vs. Time to delivery. Managing speed in Engineering Procurement and construction projects

Sihem Ben Mahmoud-Jouini, Christophe Midler and Gilles Garel
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Sihem Ben Mahmoud-Jouini: CRG - Centre de recherche en gestion - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique, PESOR - UP11 - Université Paris-Sud - Paris 11
Christophe Midler: CRG - Centre de recherche en gestion - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique

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Abstract: The time-to-market in NPD projects is a key factor in the competition between innovative firms. Research on concurrent engineering has shown that time can be managed as well as a delay and as a speed. Our concern in this paper is to study the time factor in the case of Engineering, Procurement and Construction (EPC) projects, where a customer initially contracts for a project from a contractor on the basis of specifications, budget and delay. Is time-to-delivery a key factor? Does its reduction represent a competitive advantage for the client and/or for the contractor in EPC projects? Is project speed a key variable to be managed, or does it result from other project parameters? We first define an analytical model to characterize a speed profile in EPC projects. We implement this model for six major construction projects developed by a large, international firm. A variety of speed profiles result. We conclude by showing the relevance of NPD project speed management in EPC projects.

Keywords: Project management; Time-to-market; Time-to-delivery; Speed; Engineering; Procurement and Construction; Speed profile; Construction; Concurrent engineering (search for similar items in EconPapers)
Date: 2004-07
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Citations: View citations in EconPapers (3)

Published in International Journal of Project Management, 2004, 22 (5), pp.359-367. ⟨10.1016/j.ijproman.2003.10.001⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00657615

DOI: 10.1016/j.ijproman.2003.10.001

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