In the McKinsey Global Institute (MGI) report, Bughin et al. (2017) stated Construction is a key industry in countries across the world, but one that has struggled to evolve its approaches as other industries have done, and one whose productivity has suffered as a result. Even while other sectors from retail to manufacturing have transformed their efficiency, boosted their productivity, and embraced the digital age, construction appears to be stuck in a time warp. For your report, you will need to identify reasons why construction productivity has lagged behind other industries. Include information from your textbook, the MGI report, and additional resources. In addition, you will need to compare and contrast how the information in the MGI is similar AND different from the textbook and course materials. Include information about the various approaches to measuring and improving construction productivity. Compare AND contrast the similarities AND different of the various approaches AND explain the benefits of each.
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