6 Tips for Capital Planning Success: An Infographic

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6 tips for capital planning success

The cost of poor decision-making is high so it's imperative that you plan and execute capital projects as efficiently as possible. This infographic contains several best practices that will put your organization on the path to avoiding the most common pitfalls of an inadequate process.

#2 Process Cycle Time Reduction --6 ROI Indicators of Owner-Centric (PMIS)

There are significant cost benefits to speeding up reviews, approvals, information transmittals, payments, ...

You say risk. I say risqué.

Risk management in the construction industry is an odd thing. In most aspects of life, we try to do everyth...

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Are you winning the project management race?

6 Tips for Capital Planning Success: An Infographic

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Test your capital project management knowledge! Are you lapping the field.

You can set up a system that looks great and is easy to use, and performs your business functions exactly to your specifications, but, if no one uses it, you won’t realize 1 cent of your investment.

PMIS allows government agencies to automatically track and put controls in place to stay within and prove compliance.

Onvia, a company that delivers data, business intelligence, analytics and tools to government organizations, about the Top 10 Hotspots in Government Contracting for 2016.

In the United States alone, there are more than 13,000 school districts that spend 50 Billion dollars on school construction each year.

Owners must collaborate and engage all stakeholders inside and outside the organization—a particularly important habit as a project moves from the virtual environment to the jobsite.

The habit that best-in-class owners of capital projects have figured out is to automate as much of the things that steal their time as possible so they can reapply their time.

Best-in-class owners have driven time and overhead out of their process for getting contractors paid and are delivering funds in mere days.

Borrow from the lessons learned by military strategists for hundreds of years: empathize, adapt and overcome.

Cost forecasting can act as an early warning sign for when your projects are veering off course. Follow these simple steps to get a clear picture, at any point of a project, what the cost to complete

There are significant cost benefits to speeding up reviews, approvals, information transmittals, payments, etc.

Risk management in the construction industry is an odd thing. In most aspects of life, we try to do everything to minimize risk or avoid it all together.

These are two very different driving factors for mitigating these risks but how to mitigate the risk itself is universal.

Mobile applications specifically for Project and Construction Management bring the information of the program office to the job site.

An integrated mobile app maintains the critical requirement of a single point-of-truth about what’s going on in your construction program.

Two factors affecting the outcome of this include department organization, discussed in the last blog; and construction manager skill set and ability to execute effectively.

Meeting the capital project budget has a lot to do with the way the Design and Construction Department is organized and manages projects as well as the processes and construction delivery methods.

We’re pleased to bring you this exciting and provocative blog series by guest blogger, Tom Koulouris. In this series, he’ll focus on various owner strategies aimed at lowering capital project costs.

Continuous improvement is vital to every company’s success, regardless of size or market sector.

Government agencies will need to be prepared to handle these bonds and will need to provide full transparency into a projects status.