The construction industry has a value worth more than 10 trillion and is expected to increase in the upcoming years. However, the industry is on a critical path as it faces several problems along the way. But, a notable change has started to emerge related to the use of digital tools and project management software such as the oracle primavera cloud. This is good news as there is too much at stake to stay inert against inefficiencies in a construction project.
The major difficulties of the construction industry are the following:
Lack of transparency.Lack of accountability can hurt the construction industry. The main factor behind this problem is not being able to keep close track of every single aspect of the project. In other words, you need transparency so you can learn from your mistakes, go back, and improve eventually. Otherwise, you have a profound problem on your hands.
Contractors are resistant to change. When it comes to innovation, the industry is sometimes holding back. The industry has a conservative part that may resist anything new. The good news is that the industry starts to acknowledge crucial changes and realize the importance of technological innovations like project management software.
Clients could be the contributing factors that bring change to the construction sector. This is because they are those who will make the most of the highly optimized and digitized construction process.
High waste rates. Poor data management results in terrible waste rates in construction. Building projects are becoming more complex and communication among different parties gets harder. These result in budget overruns, costly material, and workforce waste. The industry should develop a more efficient solution such as oracle primavera cloud regarding workflow information to be able to manage resources properly.
Mistrust. Miscommunication can bring about mistakes and distrust between everyone involved. It is simple yet extremely expensive for construction. Disputes will only get worse if people do not keep a detailed record of generated data and ignore the importance of sharing it among various parties.
Broken communication. One of the main hurdles in construction is broken communication. Having real-time updates about the project is a solution that can address inefficiency and allow for seamless development of the process. The use of construction software like the oracle primavera cloud can result in significant savings.
Why Use Project Management Software
The oracle primavera cloud is project management software that can help solve the inefficiencies and struggles in construction. It is the modern way to tackle your deliverables easily and avoid chaos on the jobsite.
Here are the top reasons why your company should use project management software as you work on construction projects:
Improve Process Standardization. As your company grows and you work with more and more people regularly, your processes will get more sophisticated and anyone who was not present as things developed may have difficulty catching up.
With project management software, everything becomes standardized so that when someone new joins to the team, the process is straightforward and comprehensible. My way or their way will no longer be a thing.
Better Remote Work. Most project management tools come as software-as-a-service (SaaS), which means that you can log into your tool anywhere, anytime. Now the majority of your data can be found in the project management tool such as the oracle primavera cloud, the entire team can get updated to a new project, refer to due dates, track project progress, and work from anywhere provided they have an internet connection.
In addition, these project management software solutions usually have communication and time tracking features. All this makes remote work more transparent and easy to manage.
Centralized Project Data. One of the benefits of using project management software is that no matter what project you have now, you are able to centralize project data. This results in an organized system of information, promoting transparency and adding collaboration functionality.
With this, each team member can work on the appropriate documents and make updates in real-time. Everyone working on the project will know whenever any changes have been made. No more looking inside every folder and digging through email threads for information as you juggle individual tasks at the same time.
Risk Identification and Mitigation. One thing a project management tool like oracle primavera cloud can do is show you the bigger picture of how pieces of information go together. It is easier to spot issues and take the necessary action, thanks to the variety of ways to view your data. You will want to track both risks and opportunities considering that risk management is multifaceted.
Project management software can help you chart and assess your opportunities and threats and communicate everything clearly to all stakeholders, partners, clients, and your team.
Easy Project Reporting and Analytics. Project management software not only stores your data but also offers insights into various aspects of your projects and processes. For example, the oracle primavera cloud will come with customizable dashboards for reporting task completion rates, upcoming deadlines, etc.
Project reporting is a way to target data and visualize it in a way to:
- Improve current processes to reduce budget waste and save time
- Help strategize your next move using actionable insights
- Communicate information to stakeholders in real-time
Better Team Collaboration. Project management software solutions keep team members in the loop, including the smallest details concerning the project. Since all of your data is in one place, you can enjoy document sharing features, delegate tasks, and tag members in comments.
Using software like oracle primavera cloud also prevents conversations from getting lost in instant messaging chats, email threads, or handwritten notes. Moreover, knowing who is meant to work on a specific task makes progress trackable, gets rid of confusion, and promotes timely completion of tasks. This helps organize the project planning process and prevent delays due to a lack of a system.
Greater Budget Management. Staying within budget is always a top priority in construction projects. With a project management tool like oracle primavera cloud, you can see your data and resources, how they are being used, and more. This information enables you and your team to make adjustments using file-sharing features.
The best project management tool includes budget forecasting, which sifts through data from previous projects and provides accurate estimates for present and upcoming projects. What’s more, you can customize your software to trigger alerts if you stray from the intended project budget.