In our previous blog post, 7 Deadly Project Controls Sins, we highlighted project management missteps that contribute to construction project delays and budget overruns.
Last April Oracle’s Aconex organised a Project Controls webinar series which addressed: challenges and solutions, the importance of contract administration, and the benefits of one stop solution.
Even if each project is different, the challenges faced by organizations remain the same:
- Aligning data: Companies are often using different systems that lead to disconnected data across the project.
- Integrating Cost & Schedule: Lack of consistency across these two disciplines is leading to higher risks.
- Managing change: Inaccurate reporting of a scope or variation change during the project decreases the visibility into project status.
- Disconnected environment: Project performance suffers when people, disciplines, and departments are working in isolation.
These challenges stem from various sources, ranging from the design of processes and use of systems to organizational culture. Fortunately, you can overcome these challenges by learning about today’s project controls hurdles.
Part I: Company culture has become a marketable brand— and organizations within engineering and construction (E&C) are no exception. That said, the definition of workplace culture depends entirely on whom you ask.
What’s company culture, anyway?
The workplace shouldn’t be a place that employees dread. Annual workplace market studies rate the best companies to work for, and the ‘why’ is often largely determined by company culture.
The Harvard Business Journal’s ‘When to Fire a Top Performer Who Hurts Your Company Culture’ suggests company culture acts “as a moral compass by teaching employees to not only do the right thing, but to do it the right way.”
I recently sat through a press interview with Leigh Jasper, co-founder and CEO of Oracle’s Aconex, for Construction Global magazine; you can read the article here.
The conversation drifted towards Construction 4.0 and it got me thinking about whether the engineering and construction (E&C) industry was ready for a new evolution or whether it needed to catch up with the technology advancements currently available.
There’s so much finger pointing from outside about how slow the industry is to adopt technology, but having recently moved back into the construction industry it surprised me because all I’ve seen are innovative businesses embracing digitisation.
A UK construction publication recently interviewed Oracle’s Aconex to discuss how information security has become increasingly significant in our marketplace over the past five years.
A few examples include:
- Governments and private owners are progressively moving their data to the cloud.
- More comprehensive structured data sets of sensitive buildings and infrastructure assets are being created— thanks to building information modelling (BIM).
- Mobile devices offer greater accessibility to opportunistic cyberterrorists.
As part of their Global Industry Council initiative, Oracle’s Aconex spoke with several industry experts about how organizations can move towards digital success and save $1 trillion by embracing digital transformation.
GIC members AECOM, Bechtel, Chiyoda Corporation, Fluor, Lendlease, and TAV Construction worked together to identify key challenges, outline solutions, and share examples of success.
In a recent webinar series, engineering and construction (E&C) leaders revealed how digital transformation can positively transform construction professionals’ day-to-day work.