Time to market vs time to delivery - Managing speed in engineering procurement and construction projects
Résumé
The time-to-market in NPD projects is a key factor in the competition between innovative firms. Research on concurrent engineering has shown that time can be managed as well as a delay and as a speed. Our concern in this paper is to study the time factor in the case of Engineering, Procurement and Construction (EPC) projects, where a customer initially contracts for a project from a contractor on the basis of specifications, budgets and delay. Is time-to-delivery a key factor ?