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.