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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Mobile Services, BIM & the Rise of Radical Transparency

bim-mobility-benefitsThere is one thing that leaders of the construction industry and good government activists can agree on: Greater transparency on construction projects benefits everyone.

During the last few years, increased transparency has had a remarkable effect on projects. Traditional adversarial relationships have become more trusting and there have been measurable gains in efficiency. But the most striking transformation is just beginning, as cloud, mobile, and now BIM technologies become embedded in every phase of project delivery.

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Innovation Through Standardization

Innovation In Construction ProjectsHave you ever had the kind of day that makes you question your sanity, as you react to one mini-crisis after the next? Truth be told, we all have those days. And, secretly, many of us even pat ourselves on the back when we’re able to improvise, solve problems, and go that extra mile to keep our projects on track. Every workplace needs a hero, right? Well, sort of.

These heroics are the tell-tale signs of a dedicated workforce. Relying upon employees to compensate for a lack of standardized processes, however, is reflective of an organization for which project success is not a given, and the quality of end products is often hard to predict. This is particularly true for companies operating in the construction, infrastructure, and energy and resources sectors.

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Tips for Successful Project Setup

Aconex Tips for Successful ProjectAconex enables clients to get up and running on our collaboration platform quickly. We break this process down into three easy steps: (1) register your organization, (2) configure your project and (3) invite new users. Steps one and three are low hurdles to clear. Step two – project configuration, however, is more involved. And, when done right, it’s the cornerstone of project delivery success.

Having participated in many configurations, I like to describe the ideal process as thorough, but not complicated. It’s important to be smart and thoughtful about how projects are configured, but it’s never good to over-complicate things. Here are six tips to follow when configuring your next project.

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