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How The Cloud Is Enabling Smarter Project Management—Part 4 of 5

Viewpoint Construction Technology

Editor’s Note: This is Part 4 of a five-part series on Construction Project Management. Over the past three weeks, we’ve looked at complex construction projects, the people that run them and the technology tools they use. Having real-time data also keeps the owners and financers of the project up to date and ultimately happier.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement , project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

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Lean facility management with the Kanban system

Lets Build

It’s subsequently been adopted globally by forward-thinking businesses including construction and facilities management companies. Since then, it’s evolved into a broader signboard system, allowing sequential management of a project or process. How does Kanban apply to facility management?

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement, project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

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Top 10 ERP Solutions for Construction Firms

Construction Marketing

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. But when it comes to back-office technology, too many firms rely exclusively on elbow grease and hope—definitely not a strategy that works.

Software 196
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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports.

Cash Flow 130
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The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment

Construction Business Owner

For example, if each clash costs $3,500 per instance (PWC, 2018), it’s difficult for estimators and project managers to ensure each project is profitable during the planning phases of a project. It’s truly during the planning stage of any project where builders have the opportunity to reduce rework and avoid lost costs.

Modeling 234