Building information modeling (BIM) has typically been seen as an effective 3D modeling process for infrastructure projects' planning, design and construction phases. Interestingly, it hasn't been widely regarded as the go-to method for managing...
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Behind the Build
Browse our collection of construction blogs written by industry experts that offer insights on the latest trends in capital project management.
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As a project’s end approaches, it’s typically the time to wrap up all the artifacts the owner will use to validate all building requirements have been met and to help manage and maintain the project well into the future. But as capital projects have grown and their sophistication and complexity have increased, there’s been a […]
With so many projects around these days, we may sometimes wonder where all the money is coming from. A lot of projects are government-funded at the state or federal level, with the aim of improving the lifestyles of their constituents — whether this is new transport infrastructure, hospitals or even new cities or business hubs. […]
Each capital project involves multiple types of financial outlay. Those expenses can fall into one of several classifications, with some of the more common ones being capital expenditures (CAPEX), sustaining capital projects (SUSCAP) and operating expenditures (OPEX). Because of the immense size and sophistication of many of today’s capital projects, how you address and manage […]
When it comes to figuring out where you stand in your scheduling and risk maturity, the considerations can be mind boggling. To help you sort it all out, we’ve chosen the four most common areas or dimensions of concern: risk, collaboration, scheduling and execution. Based on our own construction experience, customer projects and industry reports, […]
It’s no secret that having a consolidated picture of project status in the capital construction industry remains challenging. Complex projects are becoming even more complex — physically, commercially and environmentally — leaving traditional, disparate construction processes and systems struggling to keep up with an ever-growing demand for greater project certainty. With an average of only […]
For many years, studies have been reporting the relative lack of using the latest technology in the construction sector. One of the most cited reports comes from McKinsey, a global management consulting firm, where they calculate that technology can improve productivity by up to 50%.[1] They have summarized that technology can be leveraged to provide […]