Fast Track Construction: A Review of Potential Risks and Strategies in Project Management

Construction Industry globally is one of the vital drivers to the economic growth and development of the nation in a country. However, today’s fast-paced world, there is an increasing pressure to complete projects within shorter timelines, and this is no exception in the construction sectors across the globe, including in Malaysia. To ensure that the construction industry in our country continues to be success and relevance, many construction projects that were previously executed through conventional methods are now adopting to a more modern approaches, with the latest technology and sustainable construction project management through a technique called fast- track construction. The high demand within the construction sectors shows that conventional method is increasingly difficult for the project management to manage through conventional ways and to make sure the projects to meet tight deadlines and adhere to the contractual agreements, regardless of the degree of complexity of the construction project. Fast – Tracking, a unique project management technique due to it overlapping activities and managing associated risks characteristics, that has significant tied each other in which might offers benefits to the owner but also introduces higher risks to contractors, if any delay occurs during the period of construction phases. This paper explores potential risks assessment and strategies of fast–tracking project management by studying literature review from previous research papers. It aims to identify and compile these risks, as well as exploring the strategies of fast – track mode of construction. There are four types of assessments where potential risks are identified: contractual and legal risks, increased design and construction errors, rework and quality risks, changes of orders, material and equipment. Additionally, this paper aims to offer in-depth insights and summarize possible practical strategies related to fast-tracking project management through the delay management, resources allocation management, and technology management to make certain that projects are completed as planned, within cost constraints, and without detrimental the quality.