Successful projects start with accurate estimates. Boost your estimate integrity and learn to make better use of your project data in this engaging AACE webinar.
Benchmarking for Success in Construction Estimating
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In March of 1930, construction began on a project as mega as they come, The Empire State Building. Shortly over a year later, it was finished under budget. Why does this seem so impossible to us today?
Through an analysis of more than $1 trillion worth of capital projects over the past five years, McKinsey has uncovered the trend, we simply stopped collaborating well. In other words, there is a direct correlation between increasing productivity and improving basic project-management outcomes. Not only does this direction seem to offer the most promise for improving site and operational performance, but also the relationship between owners and the design construction teams themselves. It sounds simple, but the difficulty lies in how we tackle the challenge of productivity and with what tools?
Join ENR and AJ Waters, VP of Industry Solutions, InEight, and Dr. Theodore J. Weidner, Professor of Engineering Practice, Construction & Engineering Management, Purdue University, as we explore best practices and technology for improving productivity, and how these can help better align the overall interests of capital project owners and contractors alike.
In this webinar, topics covered include:
- Enhancing operational efficiencies by improving communication between owners and contractors
- Strengthening scenario planning by involving construction and procurement teams in the design phase
- Leveraging planning tools to improve operational and tactical success
- Optimizing processes with more effective change order management
- Empowering project management teams with the right technology tools at the right time
As we enter a new year, project outcomes in our industry are still being affected by the unexpected. In response, more construction professionals are turning to the proven planning that is Advanced Work Packaging (AWP) because of the impressive ROI metrics it continues to generate. But while the concepts of AWP may be well known, choosing which technology tools to integrate them with for the biggest gains remains challenging.
Join our presentation as we share fresh ideas for securing the right tech for your best AWP project outcomes in the coming year and well beyond.
Among the key takeaways will be how to:
- Use tech to overcome the most common AWP process gaps for more project wins, more often
- Enact realistic contingency ratios leveraged from actual project histories
- Capitalize on AWP-driven, top-down approaches related to your Path of Construction
- Achieve greater margin accuracy up front for more realistic cost outcomes
- Incorporate real-world applications for scheduling and modeling to improve communication and collaboration
You’ve likely heard it by now — the groundbreaking $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) includes $100 million that is dedicated to encouraging the adoption of advanced construction management technologies. This signifies a major effort by the federal government to ensure organizations are using the infrastructure funds in the most efficient and productive way possible.
Many point to this time as a once-in-a-lifetime opportunity to digitalize business processes across their organizations. The funding could help them remain competitive and successfully deliver on projects in the face of supply shortages, skyrocketing material costs and growing labor concerns. But, with your organization already constrained, where and how do you get started?
Join our panel of industry executives for a discussion on how to take full advantage of this historically unique opportunity to propel you on your journey to digitalization.
In this discussion you’ll learn:
- Why the IIJA represents a true once-in-a-lifetime opportunity to digitalize.
- Key questions to help you determine where to start.
- How to fail-proof your digital transformation efforts.
- To digitalize while avoiding disruption to your workflows.
- Why asking the question “If not now, when?” is the key to your future success.
As capital projects become more complex, there is a vast and often unwieldy amount of data that is generated across the project life cycle. Unfortunately, many project teams struggle to manage and disperse this critical information. This makes the data less relevant and unactionable resulting in rework, errors and inefficient usage of funds and time.
Only through a common data environment (CDE) platform can contractors and owners realise they can house large data sets digitally — all the way from the design and planning phases of the asset, through field production and into handover and operations. This results in true project visibility that allows diverse stakeholders to collaborate in real time, saving resources and frustration across the entire project life cycle.
In this panel discussion, we will explore how software platforms that operate within a 3D CDE are raising the bar on project visibility for owners and contractors alike.
We’ll discuss how through the adoption of a CDE you can:
- Retain and leverage the same data throughout planning, construction and operations processes.
- Permit real-time collaboration by all parties on the project or program.
- Allow for integrations to other third-party systems not part of the core platform.
- Make decisions from business analytics at any time.
- Access information throughout the life of the asset.
Join us as we discuss with AACE how to keep track of your projects' health with today's EVM.
Join us for a rundown of the latest enhancements to the InEight integrated project controls platform.
You’ll hear from InEight Chief Product Officer Brad Barth on how these innovations will help you:
- Improve your project controls through advanced EVM functionality.
- Gain complete data access across the project life cycle.
- Address increasing delivery complexity and labor challenges through advanced scheduling.