Project Smart ~ Exploring trends and developments in project management today

Calendar iconNot recorded
Adobe PDF icon

Three Big Benefits Of Construction Project Management Software

~ By Sheldon Needle

Blue software box with panorama of a modern city at night and CD

Although many construction companies are still using spreadsheets and shoeboxes to manage their projects and track the volumes of details that go into a single job, the use of industry-specific project management software is becoming more prevalent. One reason for this is that more construction software providers are developing integrated project management modules to compete with the leading stand-alone project management systems.

The question is: how will your company benefit from investing in construction project management software?

Project management software delivers many benefits to construction companies, including executive level reporting for a single job or across all projects, field administration such as punch list tracking and daily report logs, change order management and purchase order management. However, this article will touch on three main features of project management software that deliver big benefits: process standardisation, document control and cost control.

Process Standardisation

Project management software provides a standardised method of managing jobs. This streamlines each step of project execution, makes it easier for new employees to learn your system and allows project staff to seamlessly move from job to job with a minimal learning curve and quick ramp-up time. Standardising project management forms (such as RFIs, submittals, transmittals, change requests and business letters) also provides a consistent look and feel to all of your documents, which presents your company in a professional manner and contributes to your brand awareness.

Document Control

Using spreadsheets and word processing documents for your project management documentation and correspondence is inherently flawed because these disconnected tools don't provide a single data repository for project information. Instead, records are often kept on the project managers' local hard drives or scattered around your company's network.

Not only does project management software provide a single source for all of your project documents, it also provides a systematic method for documenting, tracking and following up on critical issues. Having a single source for data storage provides visibility into the important details needed to make profitable business decisions. Vital project documents are never lost or misplaced and audit trails typically identify who created or modified a document and where it is at in the project management or approval process.

Cost Control

Managing costs on a project is the key to protecting profit. Project management software provides real-time cost data that helps you make profitable decisions on your jobs. The status of budgets, contracts, change orders and more are all available with a click of the mouse for instant assessment. This also provides an early warning system for issues such as cost overruns and scheduling snags, which allows you to take corrective action when needed.

Although your spreadsheet and word processing systems may be comfortable and familiar, they may not be the most profitable method for project management and, in fact, may be eroding your revenues. Whether you choose to implement a stand-alone solution for managing your projects or an add-on module that's part of your construction accounting software, the benefits of changing to a standardised method of managing jobs is worth the pain of mandating use of such a system. Process standardisation, document control and cost control are just the beginning. Many other benefits will be realised when you have standardised on a systematic method of managing jobs.


Advertisement


Comments (1)

Topic: Three Big Benefits Of Construction Project Management Software
4/5 (1)
Gravatar
Full StarFull StarFull StarFull StarEmpty Star
21st July 2014 12:45pm
Nivethitha says...
For construction companies, security is important for protecting their project plans and quotes. Most companies don't care about this, but it is a main cause of loss for companies. Getting software with full security is the only solution.

Add a comment



(never displayed)



 
1500
What is the sum of 1 + 2 + 3?
Notify me of new comments via email.
Remember my form inputs on this computer.

Project Management Maturity Model

Five maturity levels concept

The concept of a project management maturity model has evolved considerably from the software industry. Where does your organisation sit on the maturity model?

Project Planning in a Nutshell

Gantt chart

This article provides an overview of why it is important to prepare a project plan. It also shows what elements a good project plan will include.

Stealth Team Building

Four jigsaw puzzle pieces on the topic of team building

The effective project manager takes advantage of every opportunity the team gets together to develop team synergy.

Stepping Up SMART Goals

What are your goals question in vintage wooden letterpress printing blocks

Here are some strategies and six simple steps for making sure your goals will be concise, clear, and produce the results for which you are looking.

PROJECT SMART is the project management resource that helps managers at all levels improve their performance. We provide an important knowledge base for those involved in managing projects of all kinds. With weekly exclusive updates, we keep you in touch with the latest project management thinking.

WE ARE CONNECTED ~ Follow us on social media to get regular updates and opinion on what's happening in the world of project management.


Latest Comments

Duncan commented on…
PMP Exam Day Tips
- Fri 29 April 7:01am

Edward commented on…
PMP Exam Day Tips
- Thu 28 April 7:49pm

Jim Wall commented on…
The Elements of a Good Feasibility Study
- Thu 21 April 11:29pm

Latest tweets

General Project Management • Re: PRINCE2 - Is it worth it? https://t.co/qgrkS2Ppnl #pm #projectsmart about 7 hours ago

General Project Management • Re: Prince2 Agile Exam: Advice please https://t.co/iSgwIXe04Z #pm #projectsmart about 20 hours ago

General Project Management • Re: Interview Presentation - PM Scenario https://t.co/nJ4xGQu1Ub #pm #projectsmart about 20 hours ago