The 3 Keys to Construction Project Success: Standardize, Optimize, Visualize

construction-project-management-success-3-keysAs 21st century construction projects grow increasingly complex, you may find yourself collaborating with dozens of architects, designers, contractors, and other partners.

So it’s not surprising that the tools you need to manage these projects and partners must also grow more sophisticated.

In our last post we traced the evolution of project collaboration. Our Collaboration Maturity Model started at stage 1, where most processes are performed manually, making them labor intensive, inefficient, and prone to error. We ended with stage 5, where every process from every partner is integrated into a single platform, producing a trove of actionable data that can be used to drive future business decisions.

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Five Types of Collaborators – Assess Yourself Now!

Global Construction Industry CollaborationCollaboration is essential to success, but are you doing it in a way that minimizes risk, drives your organization forward, and lets you scale? Developing a collaboration strategy and adopting a platform is only the tip of the iceberg – it’s a means to an end, but not the end itself.

This is why Aconex has established the Collaboration Maturity Model, a five-stage framework that allows each stakeholder to assess where they are and what they need to do to get to the next level. Having supported more than 16,000 projects, it’s been progressively developed over the years based on feedback from clients who are seeing real tangible benefits to the way their projects are run.

The ultimate goal: a fully digitized, deeply collaborative ecosystem that uses data to radically transform how construction and engineering projects are procured, managed, and delivered.

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Major Rail Program Information Management: Leveraging Data for Insight and Good Practice

rail-project-data-analysisManaging a major rail or infrastructure project can be a daunting task, primarily because of the sheer scope and scale of such projects. By way of example, the North West Rail Link – Australia’s largest public transport project managed by Northwest Rapid Transit (NRT) – involved more than 200 organizations and a project community that numbered nearly 2,000 participants in six different countries. As to be expected, the volume of project data generated was equally staggering.

Having facilitated NRT’s delivery of this project and more than 100 other rail programs, Aconex was interested in seeing if a high-level review of project data could provide insight, or reveal patterns, from which best practices could be formed and implemented. We analyzed 26 rail projects with 2.8 million system interactions, and came up with some interesting findings.

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4 Insights from the Project Controls & Cost Management Community

project cost managementAt the end of June, hundreds of cost management and project controls professionals converged on Toronto, Canada for the Association for the Advancement of Cost Engineers (AACE) Annual Meeting. Since we are extending the capabilities of the Aconex platform to include cost management, our team attended the event ready to listen, learn and engage with this global community.

We were excited to see over 100 companies stop by our booth, where they shared their feedback on our keynote presentation on three steps toward program control: 1) project-wide collaboration, 2) integrated cost controls, and 3) an insights- and cloud-driven platform. Attendees also participated in a survey that asked questions about their role, key challenges, and day-to-day activities. Below you can check out the four themes and findings of the survey:

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The Future of Digital Construction Technology

A look into the future of Digital Construction TechnologyThe Construction Technology Summit held on June 17 in Melbourne, Australia attracted close to 300 construction leaders and digital technology innovators to explore how the construction, infrastructure and asset management sectors are being transformed by digital innovation.

Hosted by Aconex and the state government of Victoria, with support from the Australian Constructors Association (ACA), this first-of-its-kind industry event featured a world-class line-up of speakers and panelists, which included David Banger, CIO, John Holland; Darren Scott, chief digital officer, ANZ, Cisco; Paul Bassat, co-founder, Square Peg Capital; Leigh Jasper, CEO, Aconex; and Mukund Sridhar, partner, McKinsey & Company.

Here are some of the key takeaways from the event:

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