A model for work function characteristics-based prioritization of technologies for captial projects
Pragmatic construction professionals and the price-competition-oriented market inhibit the construction industry from investing in advanced technologies. The construction industry has taken advantage of new advanced technologies less frequently than other industries. However, owners, designers, and contractors have recently recognized that improving project performance and sustaining greater competitiveness are driving forces behind implementation of advanced technologies. At the same time, they have been questioning where and what they should implement first. An effective prioritization methodology helps the construction industry to increase the chance of successful investments in new technology development. The objective of this study is to build a theoretical model for identifying research and development (R&D) investment opportunities exist with high value potential. The gap between measures of technology supply and demand is used to determine the relative priorities of future technology development. The relative demand for technologies is hypothesized to be closely associated with particular work functions. This dissertation develops and tests a proof model to prove that work function characteristics can serve as an effective model for technology demand. To do so, a comprehensive list of work function characteristics is developed. After proving the value of the work function characteristics, this study applies the work function characteristics in determining the priorities for future technology R&D for capital facility projects.