Purchase a P6 licence to boost construction project management efficiency

Successful project outcomes matter to stakeholders. Discover how acquiring a P6 licence helps project teams to achieve this.

why should project teams purchase a P6 licence?

Planning and executing construction project requirements may not be as clear-cut, as each individual project has its unique challenges. A McKinsey study estimates that 98% of large construction projects deal with cost overruns of more than 30%. This has been attributed to poor cost estimates during the planning phase, design change requests, and payment delays.

The same study by McKinsey also states that 77% of construction projects are not completed on time, with uncontrollable extraneous variables affecting project completion. This includes unfavourable weather conditions, nationwide labour shortages, and equipment failures.

One of the most challenging issues in ensuring successful project outcomes is construction businesses that are hesitant to adopt new methodologies in construction project management. However, research shows that 77% of high-performing projects have been attributed to the use of technology such as project management software.

This is why construction businesses should embrace the use of technology to boost construction project management. In recent years, the Primavera P6 software has picked up popularity among construction firms and is an ideal choice for construction projects. There are many reasons why businesses should obtain a Primavera P6 licence. Let’s explore further.

Reasons to purchase a P6 licence to optimise project outcomes

Enhanced scheduling

Enhanced scheduling

Primavera facilitates accurate cost estimation, budgeting, and monitoring throughout the project lifecycle. By tracking expenses, forecasting costs, and generating detailed financial reports, construction project teams can maintain better control over project finances, preventing cost overruns, and maximising profitability.

Efficient resource management

P6 enables construction project teams to optimise resource allocation by providing comprehensive visibility into resource availability and utilisation. Project managers can easily assign resources to specific tasks, and track their usage in utilisation. This helps to avoid overloading or underutilised resources.

Efficient resource management
Improved collaboration

Improved collaboration

Collaboration is essential for successful construction project delivery, and Primavera P6 facilitates seamless communication and collaboration among project stakeholders. The software provides centralised access to project data, documents, and communication channels, enabling seamless collaboration.

Enhanced decision-making

Informed decision-making is crucial for navigating the complexities of construction projects. P6 provides project teams with the insights they need to make data-driven decisions. The software offers real-time visibility into project performance metrics, progress, and key milestones, to measure project health.

Enhanced decision-making

Compass Consult can help you make the right choice of Primavera P6 software

At Compass Consult, we’re committed to helping construction companies streamline their project management processes using the latest technologies and solutions such as Oracle Primavera P6.

We also offer expert-led training to assist project teams in ensuring project success and maximising returns. Contact us today and learn more about the Primavera P6 software and details on pricing. Our experts will help you improve your construction project outcomes with vital insights and specialist advice on the right Primavera P6 software that suits your project requirements.

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FAQs

I want to purchase a P6 licence. Is it scalable to meet the needs of construction businesses of varying sizes?

Yes, it is a scalable and flexible solution that caters to construction businesses of all sizes and complexities. Whether managing small-scale projects or large-scale infrastructure projects, P6 offers customisable features and configurations to meet specific project needs, ensuring long-term value and effectiveness.

Is P6 compliant with regulatory requirements and industry standards?

Yes, P6 helps construction businesses maintain compliance with regulatory requirements and industry standards by providing documentation and audit trails to support project governance and accountability. By maintaining accurate records and documentation, P6 helps in demonstrating compliance, mitigating legal risks, and upholding industry standards, thereby enhancing project credibility and trustworthiness.

Does P6 assist in cost control for construction projects?

Absolutely, P6 facilitates effective cost management by allowing construction businesses to track project expenditures, analyse variances, and implement cost-saving measures. By providing visibility into project costs at every stage, P6 helps in staying within budget constraints and maintaining financial discipline throughout the project lifecycle.

Contact Compass Consult today to learn more about Primavera P6 and its licensing details.