Application of the Design Structure Matrix (DSM) to the Real Estate Development Process Using Modular Construction Methods

Released on by Steven Vincent Bonelli
preview-18

  • Application of the Design Structure Matrix (DSM) to the Real Estate Development Process Using Modular Construction Methods Book Detail

  • Author : Steven Vincent Bonelli
  • Release Date : 2012
  • Publisher :
  • Genre :
  • Pages : 114
  • ISBN 13 :
  • File Size : 20,20 MB
DOWNLOAD BOOK

Application of the Design Structure Matrix (DSM) to the Real Estate Development Process Using Modular Construction Methods by Steven Vincent Bonelli PDF Summary

Book Description: Real estate development (RED) has traditionally been a very dynamic business, where real estate developers strive to turn an idea into a real asset, by delivering a quality project on time and on budget. In recent years, Modular Construction Methods (MCM) has arisen as an innovative solution to commercial RED projects that require higher levels of the three aforementioned factors, with a special emphasis placed on time. The purpose of our thesis is to explain MCM and its impact on RED by analyzing the interdependent relationships between the different tasks performed during the course of a development. We have accomplished this by using the Design Structure Matrix (DSM), a systems engineering tool, to map out the dependencies between development tasks in a graphical manner. To develop our DSM model for an RED process that uses MCM we conducted interviews with the senior management at RJ Finlay, a New Hampshire based full service real estate firm and Keiser Industries, a modular manufacturing company that operates in Maine and is owned by RJ Finlay. To fully understand the real application of the MCM process to RED, we met with the general contractor, lead architect and project management team for 30 Haven, a commercial RED that uses MCM. 30 Haven is located in Reading, Massachusetts and has been co-developed through an integrated project delivery (IPD) process by RJ Finlay and Oaktree development, using an in-house general contractor and Keiser Industries as its modular manufacturer. Our interviews occurred weeks before the project was completed in the summer of 2012. This allowed us to interview the involved parties about the whole process from inception to construction completion. This helped us further understand the actual problems a RED process using MCM can face throughout the preconstruction and construction processes. We then developed a DSM that showcases the different stages that a RED process using MCM have to go through and the planned and unplanned iterative processes for each stage. Planned iterations are feedback loops between tasks that are meant to rework tasks that forcibly need it, while unplanned iterations reflect feedback loops that occur because of unexpected events. Our thesis has focused on proposing proactive solutions to the unexpected events (referred to as "failure modes") a RED process using MCM can face, by either eliminating them or minimizing their likelihood and impact. The DSM helped facilitate the development of both a normative model and an optimal one, where our solutions for the unplanned iterations were applied. We complemented our findings with a hypothetical financial model that uses the normative and optimal DSM models to show the difference between both in terms of the returns, time and cost for a generic multifamily RED that uses MCM.

Disclaimer: www.yourbookbest.com does not own Application of the Design Structure Matrix (DSM) to the Real Estate Development Process Using Modular Construction Methods books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Prefabricated Systems

Prefabricated Systems

File Size : 10,10 MB
Total View : 7930 Views
DOWNLOAD

For a number of years, modular construction – the use of prefabricated elements in architecture – has once again become a subject of lively discussion and d

Design Management Framework

Design Management Framework

File Size : 9,9 MB
Total View : 392 Views
DOWNLOAD

This book contains a framework and its appendices for building services installation works. Principles outlined in the model for management include work breakdo