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...

LIVE WEBINAR Speed Matters: Reduce payment time from months to days.

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Speed builds trust - Owners and contractors steps to a successful relationship

6 Tips for Capital Planning Success: An Infographic

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A well-crafted McKinsey & Company article furthers the point that owners and Contractors must have a relationship built on trust.

A recent study from PwC also supports that poor cash flow management impacts companies from all industries, globally.

A brief by Construction Dive highlights that average payment times of 51 days to contractors cost in excess of $64 billion per year. e-Builder clients have a different story to tell.

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.