Helen

Building risk management strategies into the vertical construction sector

Building risk management strategies into the vertical construction sector

The construction sector has been a perennial underperformer in the New Zealand economy. The sector’s low productivity reflects very challenging operating characteristics: bespoke complex projects requiring unique approaches.

Alongside this, poor risk management can also play a part in low productivity through increased delays and errors, time-wasting, and ineffective problem-solving. Ongoing construction quality issues and high enterprise failure rates are signs that the sector is currently not managing risk as effectively as it could. We surveyed 131 construction contractors to understand how the sector manages risk, and how this impacts productivity. Our findings highlight the focus of the sector on external risks (client changing their minds and design flaws), provide insight into how contractors adjust their margins for different types of risks, and provide evidence that having good risk management practices improves productivity.

Read our full report for details and see our project page for more information about this research.

Key findings from a survey of the construction sector on risk and resilience practices

Measuring the performance of the construction sector

Measuring the performance of the construction sector

New Zealand’s construction sector is a major contributor to the country’s health, economic stability, security, and social cohesion. Identifying how to better measure the performance of the sector can make a vital contribution to driving improvements in the sector.

Through our BRANZ-funded project we have identified 12 key principles by examining performance measurement systems in international construction sectors and other industry sectors. The principles demonstrate the importance of a shared purpose and that sector members feel a sense of ownership of the measurement system. It is also important to facilitate and build capacity for sub-sector groups to design and manage measurement systems that align to their drivers. Construction businesses need to be able to see cause and effect linkages between the data they collect, the actions they take, and the performance (profitability and long-term viability) outcomes for their business.

Read the full report for details or the guide to construction sector performance measurement.
Find out more on our project page.
Key construction sector performance measurement principles
(click the image to view)

Seismic hazards on your premises?

Seismic hazards on your premises?

As we approach the 10th anniversary of the Canterbury earthquakes, we can not only reflect on the strides we have made as a nation over the past 10 years to become more resilient to seismic risk but also use this time as an opportunity for organisations to look at seismic hazards on their premises that are not related to the strength of the building itself.

Resilient Organisations and the University of Canterbury are currently funded by the Earthquake Commision (EQC) to evaluate what earthquake risk reduction activities are taking place within New Zealand organisations, and what helps and hinders their risk reduction efforts.

We are running a nationwide survey to collect information about what New Zealand organisations are doing to keep people safe at work and invite you to take part. Whether you feel like you have or have not taken enough steps to deal with seismic risk, we need your input to help us build a picture of how well prepared New Zealand is across the board. It will also tell us what is helping or getting in the way of organisations implementing earthquake risk reduction and where improvements can be made.

As part of our research all survey participants will have access to our Earthquake Risk Reduction Best Practice document which will be developed as part of our research and will be available at the end of our project.

IOD webcast: The board’s role in a crisis

Upcoming webcast: The board's role in a crisis

Date: Wednesday 9 September, 6.00 - 7.00pm

The Institute of Directors (IoD) are hosting a webcast where Erica Seville and Richard Ball will discuss the recently released report, The Board’s Role in a Crisis. They will be joined by a panel of directors, including David Meates and Dr. Rod Carr, who will provide their individual insights on being a board member during a crisis.

This event is free for IoD members, and $40 for non-members.

Job Vacancy: Business Continuity Professional

Job Vacancy: Business continuity professional

We have a client looking for an outcome-focused Business Continuity professional for a 9-month fixed term position (or part-time equivalent).

If you have strong relationship building skills, the ability to adapt BC principles to fit a complex context and an interest in working in Christchurch, please get in touch with Tracy Hatton [email protected] for an informal discussion.

Organisational resilience for critical infrastructure providers

Organisational resilience in critical infrastructure providers

There's growing interest in organisational resilience for critical infrastructure providers.

We are thrilled that our article, Measuring the organizational resilience of critical infrastructure providers: a New Zealand case study has been one of the most cited articles in the International Journal of Critical Infrastructure Protection. The article outlines a  method for assessing the organisational resilience of critical infrastructure providers using our Benchmarking Resilience Tool.

New appointment for Erica Seville

Erica Seville appointed to the Queenstown Lakes District Regenerative Recovery Advisory Group

It's fantastic to see that Resilient Organisations' Executive Director and Wanaka local, Erica Seville has been appointed to the Queenstown Lakes Regenerative Recovery Advisory Group.

Like many New Zealand tourist centres, the Queenstown Lakes area has been hard hit by the loss of international tourists visiting the region during the COVID-19 pandemic.  The new steering group will provide input into the region’s Recovery Plan, to not only mitigate the worst of the pandemic’s effects but also capture the opportunities that this time presents to move towards and achieve the community’s vision Beyond 2050 . It is great to see the region drawing on the diverse talents of those living within the local community to help shape its recovery journey.

Read more about the Regenerative Recovery Advisory Group.

Congratulations to Rabia Ijaz

Congratulations to Rabia Ijaz

Rabia has submitted and successfully defended her PhD thesis, Disaster Recovery of Small and Medium Enterprises (SMEs) – A Case of Recovery from the Canterbury Earthquakes 2010-11. Rabia’s thesis evaluated the changes SMEs instituted in their business models after being hit by a series of earthquakes in the Canterbury region of New Zealand in 2010 and 2011. Interviews were conducted with business owners and analysed using grounded theory methods.

 

Building resilience in 2020

Building resilience in 2020

The construction industry has been left reeling from the body blow delivered by COVID-19. But this will pass, and being resilient will help navigate the crisis and prepare for recovery and future opportunities.

COVID-19 has impacted every corner of society and will do so for many months to come. With most construction work initially suspended, construction companies have struggled to manage cash flow, retain staff and remain viable.

There is some light at the end of the tunnel for the sector with the government’s pledge to fund significant built infrastructure projects. The challenge is bridging this immediate crisis and positioning to excel and take advantage of the economic stimulus activities.

Continue reading the full article.

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