Can construction be considered as innovative in comparison to other sectors
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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Construction is in a unique position it is one of a handful of sectors where clients demand value for money while still having a desire that project managers incorporate innovation into building projects. Studies have shown that many designers in construction for example have a desire to incorporate innovative designs into their work but are often nervous about doing this because of the negative impact of such innovations on the construction project and the business. This assignment will thus examine if construction can be considered innovative compared to other sectors, and arguing the rationale for the reasons why.
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Can construction be considered as innovative in comparison to other sectors?
1.0 INTRODUCTION
Construction is in a unique position it is one of a handful of sectors where clients demand value for money (McElligott and Norton 1995) while still having a desire that project managers incorporate innovation into building projects (Murphy et al 2011). Studies have shown that many designers in construction for example have a desire to incorporate innovative designs into their work but are often nervous about doing this because of the negative impact of such innovations on the construction project and the business. This assignment will thus examine if construction can be considered innovative compared to other sectors, and arguing the rationale for the reasons why.
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