CMAA study shows growing use of program management in construction
According to a recent study by the Construction Management Association of America and FMI, 85 percent of the biggest construction owners use some form of program management for their capital improvement programs. The study confirmed what professional construction management firms have long said - that the single most important cost driver for capital construction programs is how the program is managed. The survey broke out the use of program management by type and size of owner, and by type and size of project. Very small (less than $1 million) capital programs and moderately large (between $500 million and $1 billion) programs tend to outsource the greatest amount of services. read more…
