Construction’s Hidden Profit Killers: The 8 Wastes Video Series Explained No. 00/9

Описание: I'm a professor of construction management and I can tell you that construction projects are filled with hidden inefficiencies that drain time, money, and resources. In this video and series of 9 videos, I introduce the 8 Wastes of Construction—a Lean Construction framework designed to help you identify and eliminate costly inefficiencies that will improve your profitability.

Each waste affects productivity and profitability, but by understanding and applying Lean principles, you can streamline workflows, reduce rework, and increase your bottom line. In this series of videos I’ll provide real-world examples and practical strategies to help you take action immediately.

This is the introduction to a full series where I break down each type of waste in detail. If you want to control costs, improve efficiency, and maximize profits, check out the video links below or the full PM Tips playlist on my channel.

📌 Watch the full series:    • Project Management Tips (PM Tips)  
🔗 Deep dive into each waste:
8 Wastes Video Series YouTube Links
Tutorial 62 8 Wastes Defects No. 1    • CONSTRUCTION & THE 8 AREAS OF WASTE PART 1...  
Tutorial 63 8 Wastes Overproduction No. 2    • Overproduction in Construction: Understand...  
Tutorial 64 8 Wastes Wait Time No. 3    • Eliminating Wait Time: The Hidden Waste in...  
Tutorial 65 8 Wastes Non-Utilized Talent No.4    • Maximizing Workforce Potential: Tackling N...  
Tutorial 66 8 Wastes Transportation No. 5    • Reducing Transportation and Supply Chain W...  
Tutorial 67 8 Wastes Inventory No. 6    • How to Reduce Inventory Waste in Lean Cons...  
Tutorial 68 8 Wastes Motion Productivity 7a    • Improve Profit & Productivity in Construct...  
Tutorial 69 8 Wastes Motion Productivity 7b    • Improve Profit & Productivity in Construct...  
Tutorial 74 8 Wastes Extra Processing No.8    • Stop Wasting Time! Fix These Extra Steps i...  
Tutorial 75 8 Wastes Series Overview No. 00    • Construction’s Hidden Profit Killers: The ...  

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Tom Stephenson is a national award-winning professor (George Brown College, University of Toronto) and best-selling author whose background in education spans nearly three decades. His diverse teaching disciplines include construction project management, business management, human resource management, architecture, carpentry, and brick and stone masonry. As a dual-professional, Tom is called upon by industry leaders to translate knowledge, reinvigorate corporate culture, and inspire innovation in emerging and established companies across Canada. Before breaking into the academic realm, Tom acquired more than a decade of practical project-management experience, operating a mid-sized Toronto-based general contracting firm. He is also the author of the newly released Planning, Scheduling, and Control of Construction Projects with American Technical Publishers and the four best-selling editions of Understanding Construction Drawings for Housing and Small Buildings with Nelson Publishing Canada. Tom most recently received the Toronto Construction Association’s 2020 Chancellor’s Award for “helping his peers become more ethical, knowledgeable and professional.” A champion of change management, Tom takes pride in helping students and businesses navigate uncharted territories, take calculated risks and rise above the status quo. Some of the companies he’s worked with include Mattamy Homes, EllisDon, BIRD Construction, MCA, Maple Reinders, and Tucker HiRise, University of Toronto Project Managers.

🚀 Take control of your projects and drive profitability! #LeanConstruction #ConstructionManagement #ProjectProfitability