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One round to go and the top six isn't secure as yet!
HKU's 'Smurf Village' retain first place even stretching their lead a little over GCU's 'Saltire' who remain in second. CURTIN's 'The Mighty Ducks' strengthen their place in top six by rising one place to third and 'Chongquing University CIOB Student Center' do even better by rising two places to fourth. HKPolyU's 'Tempe Construction' slips two paces to fifth and can't afford another slip in the next round. Back in the top six after an absence is University of Newcastle Australia's ' UoN Nobbys' who secure the sixth place rising from seventh. London Southbank's 'HK Global' slipped out f the top six. Deakin who nearly made it last year are lurking with last year's winners RMIT a bit further back. It's tight at the top and at within 5% below sixth place are all teams up to eleventh.
Looking at the complete list of teams the largest rise was of 8 places and the biggest drop was of 10 places. So there is considerable movement and if repeated with a top six team dropping and a lower one rising in the next and final round could produce some interesting changes.
At this stage it is important to get every decision sound, for example an imbalance on the spending side: if too much can drive up costs reduce profits damage overall performance; if too little can reduce outputs, delay projects, reduce cash inflows or bidding opportunities and reduce overall performance. It is critical to have disciplined decision making controlling all factors such as head office staffing, estimating effort, bids, project manager selection, project staffing, company capital, borrowings, investments, dividends, retained profits etc. They all matter. At the start the advice was to think like company directors, act like company directors, be company directors but no one said a director's job was easy. With one round to go strong leadership is required to make critical decisions those that are successful will be described as heroic and inspirational other decisions less successful might be described as foolhardy. The margin between these two outcomes is fine and that is the judgements that you face.
Period 9 results
Preliminary results, subject to change.
(Teams with a negative 100% have requested late submission or have been asked to resubmit)
Top 10
Team's improvement
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- Hits: 12095
Stasis?
An unusual stability in that HKU's 'Smurf Village', CGU's 'Saltire', HKPolyU's 'Tempe Construction', Curtin's 'The Mighty Ducks' and Chongquing's 'Chonquing University Student Center' all held the same places as the last round that is 1st, 2nd, 3rd, 4th and 6th. However the spread of the scores is marginally wider. The team out of the top six was Newcastle(Australia)'s 'UoN Nobbys' who slipped to 7th to be replaced by London Southbank's 'HK Global'. The chasing pack is still there so we expect some changes in the next two rounds.
Below the top six movements have been limited mainly to one or two places but 'RMIT CJ Team' has slipped a little more than that.
The psychology at this stage is usually interesting with the leading teams tending to get a) twitchy and b) cautious and this gives opportunities for those in the chasing pack with flair and courage to catch them. It's time to take some decisions that earlier you might have considered as risky. This is when leadership and disciplined decision making should show its value.
The ratio of turnover to company capital is an important indicator at a level of 9 times the company capital the questions start to be raised as to whether your company have enough assets to support its work load. But it also indicates that the company capital is working hard. If the ratio is much lower say 5 it indicates that the company's capital is not working hard and your Finance Director needs to consider how to respond. Grow the company's turnover, invest the capital outside the company or reduce the capital. It is not only the construction side of estimating and completing projects that determine a successful company. The financial side is equally important.
Period 8 results
Preliminary results, subject to change.
(Teams with a negative 100% have requested late submission or have been asked to resubmit)
Top 10
Team's improvement
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- Hits: 12206
Time to review strategy?
The top six remain the same but the order has changed HKU's 'Smurf Village' remains 1st, GCal's 'Saltire' are up to 2nd from 4th, 'HKPolyU's 'Tempe Construction' down to 3rd from 2nd Curtin's 'The Mighty Ducks' are up to 4th from 5th and Newcastle's 'UoN Nobby's are up to 5th from 6th, Chongquing's 'Chongquing University CIOB Student Center' are down to 6th from 3rd. Challenging the top six are teams from London Southbank, HKU, RMIT and Curtin and the points difference is not great.
Universities with teams in last year's final but not in the top six, yet, are RMIT, last year's winners, Loughborough and Greenwich. There are considerable movements below the top ten so there is still plenty of time.
It's time to review strategy.
Teams set out with a strategy, a set of objectives, a game plan how to achieve their targets. After three rounds it is a good time to review how well the original strategy is working. Evidence of good leadership is to have the strength to review your strategy and make changes if necessary. Clinging on to a strategy that isn't quite delivering results isn't good management. Real directors have their strategies continually challenged by the dynamic nature of the market, competition for work and staff, uncertainty and risks. This calls for flexibility in response.
Period 7 results
Preliminary results, subject to change.
(Teams with a negative 100% have requested late submission or have been asked to resubmit)
Top 10
Team's improvement