Construction delivery problems in 2020 and their technology solutions

Construction industry performance issues continue to be highlighted. Recent statistics indicate that:

• Large projects typically take 20% longer to finish than anticipated and run up to 80% over budget.
• 98% of mega-projects become delayed or over budget and 70% are 40% or more behind schedule. 
• 30% of data created from design to project closeout is lost

Construction industry professionals have identified 8 business challenges that contribute to this under-performance:

1. 62% identified CAPTURING TIME/COSTS AGAINST PROJECTS as their biggest business challenge
2. 55% list PAPER-BASED APPROVAL PROCESSES 
3. 45% list RE-KEYING OF DATA 
4. 38% list LACK OF SYSTEM INTEGRATION
5. 35% list NO CENTRAL SOURCE OF PROJECT INFORMATION
6. 31% list POOR VISIBILITY OF AVAILABLE RESOURCES
7. 23% list POOR PURCHASING PROCESSES
8. 21% list NO VISIBILITY OF WORK IN PROGRESS

35% of construction professionals’ time is spent (over 14 hours per week) on non-productive activities, including looking for project information, conflict resolution and dealing with mistakes and rework

$94 trillion in infrastructure investment is needed in the next 20 years alone. 70% of contractors believe that advanced technologies can:

• Increase productivity (78%)
• Improve schedule (75%)
• Enhance safety (79%)

PMWeb capabilities address all 8 business challenges and provide a powerful platform that can be operational in less than a week via secure SaaS delivery. The PMWeb product is:

• Highly configurable and ready out of the box.
• Easy-to-use functionality, promoting user adoption.
• Similar look and feel to Microsoft Suite interfaces.
• Works on any device
• Modular-based platform allowing organisations to grow into the system as needed.
• Dynamic reports and records updated in real-time.

Download more information