If you are a private or public sector owner that manages a program of capital construction projects, this article is for you. Studies show that 85% of owners experience cost overruns, 92% report schedule delays, and 63% show quality deficiencies on their projects. These negative performance traits lead owners to invest in dedicated Project Controls (PC) staff, along with owner-centric Project Management Information Systems (PMIS) like e-Builder.
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Occasionally we run into people that try to manage ongoing construction projects with only the data they get from their corporate financial system. This is a rookie mistake. Here’s one reason why:
Here are two more reasons why financial accounting systems can’t moonlight as construction accounting methods.
1:00:02Project complexity is increasing at the same time project budgets and schedules are tighter than ever. On top of this we are in one of the tightest labor markets in recent memory. Status quo project m
Whether a capital budget is in the billions or just one million, the goal is the same: make informed decisions about which projects to include, when to execute them and how to do so cost effectively
Customers utilize e-Builder’s AppXchange to seamlessly exchange data with Lawson (or other information technology systems) to maintain data imperative to the success of the project.
Owners must stay organized and remain in compliance with funding source requirements or risk difficult audits, penalties, or, worse, even loss of funding. Read this whitepaper to learn more.
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