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Turnkey Project Management (view source)
Revision as of 21:14, 6 January 2013
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[[File:Turnkey project management service.jpg|thumb|right|Turnkey Project Management]] | |||
At '''Turnkey Project Management''', companies are committed to working in partnership with each customer, as well as the local community, in designing and implementing communications infrastructure solutions which best meet our customers needs while minimizing the impact of construction on the local community. | |||
A turnkey or a turnkey project is a type of project that is constructed so that it could be sold to any buyer as a completed product. This is contrasted with build to order, where the constructor builds an items to the buyers exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it. | |||
A turnkey project provides a deliverable to the customer that is fully tested and ready to use upon delivery. This can be a tremendous advantage to the customer, since it eliminates the need for the customer to manage the project. Projects that are time- and resource-intensive can seriously impair a company's ability to continue with normal business while executing the project, since many key people are necessarily engaged in working on the project. Therefore, hiring an outside contractor to handle the project in its entirety preserves the company's time and resources for its business. Since full responsibility for the project rests upon the contractor, the number of interfaces is reduced to the one point of contact instead of a multitude of subcontractors. This gives the customer much greater visibility into the project process as well as leaving the task of coordinating all the subcontractors to the one responsible primary contractor. | |||
Turnkey projects tend to have short project execution times, rapid return on investment, and minimal delays. They have historically been highly regarded, but there are a number of aspects that must be considered when implementing them for optimal success. Since the owner or company commissioning the project turns all responsibilities for design and construction to the outside consultant, the owner must be capable of providing clear performance specifications to the contractor. | |||