Future Trends in Solving Problems in Project Delivery in Australia
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This research paper identifies ways in which future trends will affect project delivery in Australia. The paper introduces the concept then addresses future development in industrialization, globalization and digitalization sectors.
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Future Trends in Solving Problems in Project Delivery in Australia Name: Course: Tutor: Date:
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INTRODUCTION •Currently, the implementation of projects in Australia is faced with many challenges •The set goals, therefore, become unachievable or take longer than expected •The research paper identifies ways in which future trends will affect project delivery in Australia •The paper introduces the concept then addresses future development in industrialization, globalization and digitalization sectors •A clear connection between the developmental trends of the sectors and Australian project future delivery are discussed
INDUSTRIALIZATION •Industrialization involves the setting up of factories which produce goods in high quantities (Hendel, Messner & Thun, 2014) •The development of industries will have a significant impact on the execution of projects •There is the possibility of the projects based in Australia to perform better in future. It is because the industrialization sector is promising to perform better in future •The increased technology in industrialization will have various benefits. Amongst the benefits are increased the quality of products, production within a short period, reduced the expense of production and raised profit margins
Industrialization trends on future project delivery Incorporation of technology •The incorporation of technology will have various impacts on industries performance and hence the projects. •The following are impacts of technology incorporation in industries.
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Improved quality of products •The development of technology is experiencing a slow trend in Australian industrial sector incorporation. •However in the coming future is predictable that all companies will incorporate technology in almost all their operation •Technological advancement is directly associated with improved quality in industries •Technology improves the machines used for production. In most cases the machines are digital, and they give the best quality compared to the manual machines currently used •The production of high-quality products has several advantages to the performance of projects
•Projects delivery will be in a position to get high-quality products locally •The customer turns up will increase gradually, therefore, increasing the profit margins •. The project delivery will experience the best, and they will be in a position to register good progress. •The goals will be easily realized and will be very fruitful.
Quick goods production •According to Babu(2012), adoption of technology in industries will ensure that the production process is fastened •The technology involves the acquirement of automatic digital machines which produce goods for a short period. •Companies relying on the industry for production will not experience delays since the products will be readily available. •The wishes of customers will be met since customers prefer businesses delivering goods at their convenience. •Many Australian projects have failed to deliver due to relying on industries which are very slow in production
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•The intended future fully technology incorporation will ensure almost all Australian industries adopt the system •Projects will, therefore, be in a position of acquiring products within the intended time, therefore, avoiding inconveniences •The Australian project delivery will end up curbing the problem of slow goods supply hindering their performance
Reduced expense of production •The incorporation of technology in industries will reduce the expense incurred in production •Currently, most of the Australian industries are relying on the traditional method of production which is very expensive •Whenever the cost of production is low, the industries will offer their products at relatively low prices •With reduced expenses of productions, projects can acquire products ate relatively lower prices •The project delivery will, therefore, be in a position to be efficient and perform appropriately.
Digitalization •digitalization is the utilization of digital technologies to change the business models used and provide new revenue and value generating chances. •In other words, it the process of migrating an enterprise to digital business. •Australia is a country that runs numerous projects and faces huge difficulties in the absence of digitalization •These issues can be resolved once the country embraces digitalization among other technologies in its operations •This section of the report will explore the individual problems and a review of how digitalization will be of help in resolving them
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High project costs •This is a major problem in Australian industries because lack of digitalization forces the project management to use human labor instead of machinery (Collin, 2015). •Due to the high number of human resources within a project, a lot of capital resources are used to maintain the workforce. •. Digitalization saves the project costs in that; one machine used can perform tasks that were done by many people (Bradley & Keane, 2015). •This reduces the incurred expenses gretely
Low capital return and supply issues •The current trends used in project delivery in the Australian industries takes a long time to plow back the capital which was employed at the start of the project •The manner in which capital is supplied in the overall project is a trend that is hard to account for. •The digitalized trends take account and keep track of all project resources ensuring that they are all secure and perform their specific tasks. •Proper allocation of capital and resources ensures that the quality project delivery and services which ensure return on capital within a short period.
Lack of skilled workforce •The country uses trends with human resources with deep technical know-how in its project delivery. •This causes the quality, organization, design, and maintenance of services for a structure be poor (Buelinckx, 2013). •People lack the necessary skills which make the project delivery trend prone to failure. •Digitalization will help organizations and agencies with the Austrian industries improve the quality and operations of projects as it comes with technical support who are well trained. •Employing persons who are trained to lead in project delivery will guarantee the involved parties of a quality outcome
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Lack of safety within project sites •The trends used tracking systems of human resources and the machinery present for a given project. Lack CCTVs to help monitor the resources and machinery can result in possible loss of items within the project sites. •The trend does not ensure people safety within the project site •Digitalization helps solve this problem be employing CCTV cameras that monitor the activities being done within the entire project site •Through monitoring, the safety of resources is ensured
Corrupt management within the project •Corruption faces current trends used in the country's project delivery within the control. •This drags the system back in attaining desired project delivery as a result of mismanagement and embezzlement of resources as well as misallocation of capital by the managers (Galera, 2016). •The problem is resolved by the digital trend in that, digitalization monitors all resources and capital employed within a project
Globalization •Globalization is the process in which a business or organization develop international influence or begin operating on an international scale. •The projects delivered within the industries do not measure up to high standards like other competing projects in other regions which seem more promising. •Globalization helps organizations within the country's industries expand their market to the external competitive environment (Brioso, 2015). •The trends involved include in globalization; trade, transport, communication, finance among others.
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Trade •The current trend used by many industries in Australia trade is faced with many challenges that make it unfit to compete effectively with other industries •The liberalization saw industries within the economy that were being guarded against external competition •Their trade was faced by issues due to low-quality products that could not efficiently perform with rivals in the market (Mbamali, 2012). •Through globalization, the industries in Australia are forced to produce high-quality products that can compete effectively in the international market
Transport •Trends used in transport by industries in the Australian organizations are faced with challenges to operating economically efficient due to the poor locations and infrastructure. •They find it difficult to make their products and services reach the market in excellent time (Draper, 2015). •The other problem faced by the industrial process in transportation is the transport of fragile products that get damaged on the poor infrastructure •Globalization which provides exceptional handling and transportation of specific products (Schwalbe, 2015). •The globalization trend has dramatically improved the industrial processes of Australian industries.
Communication •The current trends used in communication used in the present industrial process are full of faults that result into miss communication •The passage of wrong information or to the wrong party may result in malfunctioning of processes within the organization (Khan & Quraishi, 2014) •Globalization resolves this issue by presenting communication channels that deliver information direct from the source to the intended person without intermediaries.
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Conclusion •The execution of project delivery in Australia is currently facing many challenges •The reason associated with the current poor performance of project delivery is a failure to incorporate the emerging trends •Some of the factors are mandatory to any project, and project delivery is based on them. •Australia is currently slow to incorporate the modern technology and emerging issues in the sectors affecting project delivery. •There exist a possibility that shortly, the sectors will fully incorporate the emerging issues thus improving the performance delivery
References •Bradley, M. and Keane, A., 2015. The Abbey Theatre Digitization Project in NUI Galway.New Review of Information Networking,20(1-2), pp.35-47. •Brioso, X., 2015. Integrating ISO 21500 guidance on project management, lean construction and PMBOK.Procedia Engineering,123, pp.76-84. •Draper, J.M., 2015.The Cool Japan Project and the Globalization of Anime and Manga in the United States(Doctoral dissertation, Appalachian State University). •Kishore, R., Arora, S., Desiraju, R., Kumar, K.R., Nibhanupudi, S. and Thyagarajan, B., 2014, May. Industry panel: globalization of IT work. InCPR(pp. 3-4).