Improve Profits by Reducing Labor Risk

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Reduction of labor risk has helped many other industries to reduce cost and improve
productivity. By controlling variation in many aspects of their work, other industries have been
able to reduce labor risk and stay competitive against international low cost producers. Variation
and its impacts on contracting are now better understood as a result of research conducted by
MCA in 2003. Variation has impact on all aspects of operation; from office work to field support,
from labor management to project management, from material management to supplier
relationship and from foreman to foreman.
By monitoring and controlling variation in a few small areas of their business, contractors can
reduce their labor risk and costs, become competitive and become low cost producers.
This course will enable participants to:

  • Identify the sources of variation in their profits
  • Select the methods that will reduce variation in operations
  • Create management tools to continually improve predictability of labor and
  • Create a Labor risk management methodology
  • Improve how the company appears to lending and bonding companies.

The seminar is based on research conducted by MCA for the construction industry.



Event Schedule Details

  • July 15, 2021
    8:00 am - October 28, 2021 - 4:00 pm
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