Construction project risk is the elephant in the room; everyone knows it's there but hesitates to acknowledge it because its focus is typically on what can go wrong — a subject not only hard to predict but also uncomfortable to deal with. While we...
InEight Blog
Behind the Build
Browse our collection of construction blogs written by industry experts that offer insights on the latest trends in capital project management.
FEATURED:
read more
Careful project planning is the foundation for executing on a successful build. All that planning requires breaking construction down into the steps necessary to complete the project on time and on budget, all while meeting owner requirements and accounting for the seemingly infinite amount of resources it will take. Fortunately, the introduction of advanced technology […]
Schedule and cost. Though they may seem very different, in reality, it’s hard to talk about one without also referencing the other — because what impacts the timeline will have an effect on the budget, and vice versa. Yet they’ve often been treated as siloed functions, each with their own point solution. However common, this treatment […]
No matter how alike two projects seem to be, the array of possible risks and their repercussions are going to be unique to each one. Absent a crystal ball, it’s impossible to know exactly what will happen during the course of a project, and 2020 certainly taught us that. Even the seemingly same risk can […]
Risk in construction is unavoidable. Long-term capital projects, due to their sheer size and complexity, are a particular concern. While you cannot eliminate all risk, what you can do is reduce its likelihood and impact. It all comes down to planning. Today’s advanced construction scheduling software can help you to better adapt to changing conditions […]
“Technology continues to make data more accessible, and our industry recognizes that. Challenges will certainly persist as much of that available technology is disconnected both at the data and functional level.” — Tad Bungener, EVP Marketing, InEight Among the rich data captured in InEight’s recent Global Capital Projects Outlook, 2021, one particular truth has […]
In construction, “risk” is defined as anything that disrupts the budget, schedule or scope of work. The larger and more complex the projects, the more opportunity there is for risks to occur. When the COVID-19 pandemic hit — even though construction was quickly deemed an “essential service” — the pandemic all but redefined the word risk […]