The growing need to be cost conscious, judicious with risk, and effective in delivering projects has driven contractors to increase efforts dedicated to controlling project performance. This often happens by adding more project control and costs control roles and resources in the execution management teams. However, despite the efforts, independent analysts report that project performance on global scale is still not improving. For the construction industry, productivity has even decreased since the 1990s!
Dedicated Software Driving Efficiency
Is project control itself a failure as a discipline? Is poor project performance something we will have to struggle for another 20 years? Surely not! The main reason for such drastic project performance issues is more related to improper tools than anything else.
A recent industry case study showed that cost analysts spend more than 60 percent of their time in low value activities, such as troubleshooting data exchange features or spreadsheet formulas and collating reports. Luckily, a quick fix exists. By implementing a new generation project control software, the amount of high value work can move up from 39 percent to 90 percent. After implementing the software, cost analysts and project control engineers could focus their efforts on analyzing data on current performance and forecasting what ETC/EAC would be, whose actions recover project performance. These are definitely more valuable tasks than verifying, locating, and troubleshooting.
With this in mind, I will be hosting a webinar called The Business Case for Project Control, which highlights how an effective software tool can dramatically increase the efficiency of project control and cost control, while generating project performance success. Join me on November 17, 10:30 a.m. (CET) to learn how to choose the right software for your project control needs and ask any questions you might have regarding project control software.
In addition, you can also download a free Project Controls Best Practices Package, including our latest webinar on Understanding Contract Management for Enterprise Project Controls.
About the Author
Maurizio M. Granata is business development executive EMIA for Materials, Costs, & Execution Management Solutions at Intergraph PP&M.