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Discover how investing in project lifecycle management software can facilitate better decision-making to boost construction project outcomes.
When it comes to executing construction projects, many project teams face various challenges in achieving expected project milestones and performance levels.
According to the 2023 Global Construction Survey by KPMG, 87% of respondents stated that project performance is a continuous issue in construction projects. Further survey findings revealed that only 50% of project managers were meeting completion deadlines and 37% of respondents missed budget or scheduled performance targets due to lack of effective risk management.
Delays in construction projects can also be caused by unforeseen circumstances and external factors, such as site conditions, unpredictable weather, and sudden requests from clients to change project requirements. On top of this, communication breakdowns from project team members to stakeholders, further exacerbate these issues.
This is where project lifecycle management software emerges as a powerful solution. By functioning as a central hub for real-time data on tasks, budgets, and materials, this software empowers teams to proactively manage project challenges.
Let’s explore the role of project lifecycle management software in providing better visibility into construction project software.
Imagine a single, organised location for all of your project information. PLM software eliminates the need to chase down scattered documents and data, acting as a central repository. This unified view streamlines access to project progress, budgets, and resource allocation, keeping everyone informed and on the same page.
PLM software empowers project managers with dynamic dashboards that update in real time, which is a huge upgrade from static reports. These customisable dashboards provide instant visibility into key performance indicators (KPIs) such as budget variance and task completion rates, which enables immediate course correction.
PLM software helps to break down communication silos and foster a collaborative environment. The software facilitates seamless communication between team members with functionalities such as file sharing, task updates, and discussions. This ensures that every project member gains real-time visibility into project progress.
PLM software goes beyond simple reporting. It generates comprehensive reports that delve deep into various aspects of a project. These reports identify trends, highlight areas for improvement, and provide valuable insights that can be applied to future projects. This leads to better decision-making for long-term success.
At Compass Consult, we are committed to helping project management teams in the construction industry improve their cost control and budgeting efforts to ensure optimal project outcomes.
With our Oracle Primavera Unifier software implementation services, expert consultants, and your best interests at heart, we can help you manage your construction projects seamlessly, regardless of how complex your portfolio of projects is.
Contact Compass Consult today and get ongoing support to enhance your project management capabilities.
“I got trained for Primavera P6 PPM through Compass Consult. Honestly, the things that got me in were their competitive pricing and payment plans in offer. The thing that I highly admire about the training is that it is a very practical, hands-on training wherein you can learn while working on your own project. The trainers are highly experienced and fundamentally strong. I would strongly recommend the training to someone who needs hands-on experience in P6.”
“We got our Primavera P6 EPPM software and Installation done through Compass Consult. The solution that was given was a good fit for our company size and compliant for the types of projects that we do. One thing that I admire a lot is the customer service team who were very quick in resolving any queries we had and gave us full clarity of the process. I recommend Compass Consult to any company looking for a genuine solution to their Project Management needs.”
“We found Compass Consult through an online search and got competitive pricing from them on Primavera P6 implementation and consultancy. We found their delivery team easy to deal with and it was a smooth process overall with a great hassle-free experience. I would highly recommend working with Compass Consult for setting up your project controls systems and processes.”
"Compass has bent over backwards to meet the needs of SRG Global. They have been patient as we went through the process of reviewing and approving the equipment. Equipment was then delivered promptly to the location we requested. The project does not start until the new year, but given the excellent service thus far, I am highly confident it will not have any issues with the network connectivity setup."
Modern PLM software is designed with user-friendly interfaces and typically offers comprehensive training resources. Compass Consult also provides expert-led training to ensure your team can leverage the software effectively.
PLM software offers scalability, making it suitable for projects of all sizes. Scalable solutions allow you to customise features and functionality based on project complexity.
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Compass Consult is a globally recognized project portfolio management service provider. Our team comprises experienced civil engineers, risk management experts, and project controllers with outstanding track records for delivering exceptional project planning, earned value management, cost control, and schedule control services.
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