SISYPHUS THE FROG AND THE IRON TRIANGLE

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Procuring facilities, infrastructure and residential assets
(FIR Assets) under the traditional legal framework imposed on
the built industry reminds me of poor Sisyphus!

Image result for sisyphus

Sisyphus, whose eternal punishment entailed pushing a rock up a
mountain everyday, only to see it roll back down to the bottom
epitomizes modern construction procurement. The absurdity
Sisyphus’s task replicates itself, too often, in world of FIR
Asset procurement. Charged with procuring the very best
planning, design and construction services at the very lowest
prices, all for delivery in accordance with most unrealistic
schedules it’s no wonder procurement professional, both public
and private, view the process as Sisyphusian! Sadly, in excess
of seventy (70) percent of all built industry projects exceed
schedule and budget and fail, in many ways, to satisfy the
owner. Why?

The Iron Triangle of Construction explains, to a large degree,
the dilemma faced by procurement professional in the built
industry. Depicted below, the iron triangle includes scope,
cost and time. Immutable connections exist between the three
points on the iron triangle, guaranteeing that adjustment of
one component impacts the other two.

Confronted with the immutable nature of the iron triangle, and
the oft repeated truism that no point on the iron triangle can
be adjusted without impacting…



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