The Key to Construction Project Savings? Maximizing Productivity with the Right Software
Published: 9/30/2019 1:56:29 AM
Cost overruns are one of the most serious problems facing major construction projects. The international management consulting firm McKinsey & Company issued a report with some staggering findings—large construction projects typically take 20 percent longer to finish than projected, and are commonly up to 80 percent over budget. That represents a lot of lost time and money. How do you combat those kinds of losses? The answer lies in using the right construction and real estate software.
Cutting costs can be a delicate and complex procedure. There's a lot of data to keep track of, a lot of expectations and deadlines to stay on top of, and of course communication with clients and customers is key to the successful management of expectations. Construction accounting software programs are part of the solution—being able to accurately and completely record costs associated with a project is the first step in making sure that project stays on budget.
Effectively managing construction budgets relies less on counting every penny and more on spending time and resources more efficiently and effectively. The right Enterprise Resource Planning (ERP) software empowers a construction company to harness integrated applications to effectively manage projects while automating a lot of the back-office functions necessary to facilitate large scale construction projects.
Budgeting money up-front for the right software solution is a long-term investment in cost savings, and is a great way to eliminate cost overruns before they happen. Producing a solid construction project plan that minimizes the risk of future changes is key to managing costs. Changes are much easier—and cheaper—to make during the design or pre-construction phase.
Customer Relationship Management (CRM) software is no less important. When you're collaborating with clients, it's important that everyone on your team has access to the same data, and can communicate that information effectively and accurately across different points of contacts both in your organization and outwardly to the right person on the client side. It allows for the kind of communication that keeps project estimates clear and expectations—on both sides—expressed efficiently.
Cutting costs can be a delicate and complex procedure. There's a lot of data to keep track of, a lot of expectations and deadlines to stay on top of, and of course communication with clients and customers is key to the successful management of expectations. Construction accounting software programs are part of the solution—being able to accurately and completely record costs associated with a project is the first step in making sure that project stays on budget.
ERP For Construction Company
Effectively managing construction budgets relies less on counting every penny and more on spending time and resources more efficiently and effectively. The right Enterprise Resource Planning (ERP) software empowers a construction company to harness integrated applications to effectively manage projects while automating a lot of the back-office functions necessary to facilitate large scale construction projects.
Budgeting money up-front for the right software solution is a long-term investment in cost savings, and is a great way to eliminate cost overruns before they happen. Producing a solid construction project plan that minimizes the risk of future changes is key to managing costs. Changes are much easier—and cheaper—to make during the design or pre-construction phase.
CRM For Construction Companies
Customer Relationship Management (CRM) software is no less important. When you're collaborating with clients, it's important that everyone on your team has access to the same data, and can communicate that information effectively and accurately across different points of contacts both in your organization and outwardly to the right person on the client side. It allows for the kind of communication that keeps project estimates clear and expectations—on both sides—expressed efficiently.
