We’ve all seen the warning signs. Large projects are taking longer to complete and huge cost overruns are common.
McKinsey & Company have run the numbers and tell us: “Large projects across asset classes typically take 20% longer to finish than scheduled and are up to 80% over budget.”1 This comes at a time when the average project size is growing, the complexity is becoming harder to manage, and the need for sustainability and good business practices is greater than ever.
Building Information Modeling has brought the construction industry firmly into the digital realm.
The ability to create a 3D representation of a project that can be shared among all stakeholders – from engineers to owners to subcontractors – is driving fewer mistakes, lower costs, more informed decision-making, and faster project completion.
Little wonder then why BIM is becoming a requirement for large-scale construction and engineering projects across the globe.
There 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.
In the world of megaproject delivery, companies are continually challenged to do things better, smarter, and faster just to remain competitive. As the industry continues its gradual adoption of cloud and mobile technologies, new and more collaborative approaches to managing processes are emerging.
BIM: Leading the Way
This is particularly true for building information modeling (BIM, or virtual design and construction (VDC) in some industries), a key space and emerging competitive battleground. In a recent survey by CONJECT (an Aconex company)1, BIM-users reported the top two benefits of BIM to be faster capture and resolution of design issues and clashes, and improved understanding and visibility of design decisions. Infusing cloud and mobile technologies into BIM is further emphasizing these benefits.
The development of good habits, instinctive behaviors that allow a person to flawlessly complete complex tasks, is the key to the success of any major endeavor, from running a major corporation to overseeing a construction megaproject.
In the context of top-performing project teams, individual habits add up to project-wide processes. Teams with the most efficient processes have the most successful projects. But what happens when a process that worked great in the past becomes outdated? This is the challenge facing teams on construction projects of all sizes as the industry’s growing adoption of cloud + mobile technologies allows for new, more collaborative approaches.
“We must learn to overcome paradigms that worked in the past but that new technological, social or market contexts make obsolete,” the organizers of the European BIM Summit declared when they announced the conference last year.