Professional Documents
Culture Documents
Executive Guide Improve Business Results With Construction Project Management in the Cloud
Executive Guide Improve Business Results With Construction Project Management in the Cloud
Table of Contents
3 Why using technology is critical in today’s competitive marketplace
2
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
Numerous reports from FMI1 to McKinsey2 point to the same To truly improve project performance, it’s essential to track
conclusion: Harnessing technology and connecting workflows leading indicators, or predictive measurements 3 — and that’s where
are vital to success. That’s because traditionally construction has using technology to create connected workflows 4 comes in.
measured lagging indicators, which leads to schedule creep, cost
overruns and lost profits. “The main issue is productivity. The key challenge is that
the focus on KPIs mainly targets lagging indicators. This
In this e-book, we’ll explore how digitally connecting means that you don’t know you’re doing well on the project
workflows dramatically improves five essential KPIs: until you nearing the end. And then it’s too late,” said
1. Winning business Matt Keen, senior industry strategist at Autodesk.
2. Cost
What are the specific outcomes you should think
3. Quality about as you leverage construction technology
4. Schedule and build out your workflows internally?
3
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
1 Winning Business
Speed and accuracy are crucial • Better stakeholder engagement. “Connecting data for owners
in winning bids — and connected Technology enables visualisation
4
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
2 Cost
Costs relating to construction, • Reduction in nonrecoverable costs.
materials and skilled labour are Issues that can’t be contributed to a
third party (such as poor or missing
expected to increase by 6%, 7% and 6%
materials or lost time due to poor
respectively in Asia Pacific, showing scheduling/delays) must be covered.
that the cost of delivering projects Connected workflows show key
in the region are expected to rise.6 value metrics, including actual profit
margin versus project profit margin,
percentage of contingency attributed
Connected workflows help contractors to nonrecoverable costs, and amount of
get a true picture of performance — and nonrecoverable costs per project value.
control costs — in the following ways:
• Improved subcontractor qualification.
Assessing subcontractor performance
• More accurate forecasting. Accurate versus cost allows a contractor to
and timely reporting that gives the true mitigate costly risk. Technology
story of a project’s financial health is shows key risk metrics, such as
imperative. Staying true to forecast risk of subcontractor default and
shows good management of the subcontractors with poor track records.
business in line with senior leadership
and owner/shareholder expectations. “If you’re not managing workflows,
• Better cost controls. Cost management suddenly you have a $10 million job
of change orders and pay application with $5 million in change orders,”
processes ensures sound cash flow said Sunil Dorairajan, senior director,
management for project stakeholders.
construction industry strategy at
Autodesk. “Contractors have to ask
themselves, ‘How profitable am I
when I’m walking away from this
project?’ With connected workflows,
that answer gets better and better.”
5
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
3 Quality
A majority of rework is often caused by • Fewer constructability issues. Incomplete “Quality is one of the most
poor project data and miscommunication, design and lack of design review cause
6
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
4 Schedule
Schedule slippage results in added • More efficient resource planning.
costs from overtime/second shifts for Correct allocation and planning
of resources (labour, materials,
more than 65% of general contractors,
etc.) are essential to ensuring that
according to a Dodge/Autodesk the master program is followed.
report.8 Connected workflows address The better resources and logistics
those issues in the following ways: are sequenced, the less chance
there is of project overruns.
7
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
8
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
Having clear visibility across all projects using executive dashboards enables
business leaders to track their financial health and other performance indicators.
References:
[1] Jay Snyder. “The Role of Construction Technology [4] Grace Ellis. “Why Connected Construction [8] “The Key Performance Indicators
in COVID-19 Recovery.” Workflows Power Better Building.” (KPIs) of construction.”
FMI Corp, Jun. 2020 Digital Builder, Aug. 2021 Autodesk, Nov. 2019
www.fmicorp.com constructionblog.autodesk.com autodesk.com
[2] Maria João Ribeirinho, Jan Mischke, Gernot [5] “There’s a better way to build.” [9] Benchmarking Construction Industry
Strube, Erik Sjödin, Jose Luis Blanco, Rob DBIA Workflows - Australia and New Zealand
Palter, Jonas Biörck, David Rockhill, and Timmy www.dbia.org Autodesk, 2021
Andersson. “The next normal in construction: construction.autodesk.com
How disruption is reshaping the world’s largest [6] Pace of new construction work slows
ecosystem.” across Asia-Pacific region [10] “JB Knowledge 2020 construction
McKinsey & Company, Jun. 2020 Royal Institution of Chartered technology Report.”
www.mckinsey.com Surveyors (RICS), 2021 JB Knowledge, 2020
https://www.rics.org/en-hk/ jbknowledge.com
[3] Matt Keen. “How Autodesk Build Will Deliver on
Key Value Drivers in Construction.” [7] Pete Schott. “Construction Disconnected: The
Digital Builder, Feb. 2021 High Cost of Poor Data and Miscommunication.”
constructionblog.autodesk.com Plangrid, Aug. 2018
blog.plangrid.com
9
Executive Guide: Improve Business Results with Construction Project Management in the Cloud
Our industry requires solutions that connect their information, teams, and technology —breaking down data silos and disconnected
processes that hinder true transformation. As we navigate the ever-present push to do more with less, we need to uncover new
ways of working, enhance connected digital workflows, and incorporate advanced analytics. To support us on this journey of
transformation, we must lean into tools that connect construction — from design to plan, build, handover, and operations.
Built on a unified platform and common data environment, Autodesk Construction Cloud is a powerful and complete
portfolio of construction management products that empowers general contractors, specialty trades, designers and
owners to drive better business outcomes. Autodesk Construction Cloud combines advanced technology, a unique builders
network and predictive insights to connect teams, workflows and data across the entire building lifecycle.
LEARN MORE
10
With Autodesk software, you have the
power to Make Anything. The future of
making is here, bringing with it radical
changes in the way things are designed,
made, and used. It’s disrupting every
industry: architecture, engineering,
and construction; manufacturing; and
media and entertainment. With the right
knowledge and tools, this disruption is
your opportunity. Our software is used
by everyone - from design professionals,
engineers and architects to digital
artists, students and hobbyists. We
constantly explore new ways to integrate
all dimensions of diversity across our
employees, customers, partners, and
communities. Our ultimate goal is to
expand opportunities for anyone to
imagine, design, and make a better world.