Time is of the essence, today
Although there are many elaborate scheduling and schedule reporting systems now available, the capital projects industry seems to hold less respect for a projects time parameter than the parameters of cost and quality. This article examines the impact of this lack of respect and the way it undermines cost and quality standards for capital projects. It also explores the way the concept of today affects perceptions of time. In doing so, it defines today and its relationship to project activities and discusses this concept in relation to project management, project quality, and project cost. It then explains the relationship between productivity and time, detailing two factors that significantly affect project productivity. It concludes by suggesting that the capital project industry create a separate and distinct discipline for time.