The global construction industry is on the verge of a boom, with market value projected to reach a staggering $14.4 trillion by 2030. While this growth presents immense opportunities, many construction companies are still held back by common project management challenges. These obstacles can derail timelines, inflate budgets, and strain your team. Are you experiencing any […]
Stop for a moment—picture a front-line construction worker. Do you see someone in a bright yellow hard hat, walkie-talkie in one hand, and a thick binder of instructions, inventory checklists, and timesheets in the other? If so, you’re looking at a “disconnected” worker—a relic of the past. Now imagine a different kind of worker. Still […]
Imagine the inconsistencies, data lag, and work duplication if there was no communication and collaboration between payroll, human resource, and construction project management personnel. Now, think about your payroll, human resource, and construction project management software. Are you doing it all right? Companies spend a lot of time defining their company culture and values but […]
During social and economic disruptions such as the ongoing Covid-19 pandemic, companies turn inwards to find ways to revolutionize their systems for workplace resilience. Companies in the engineering and construction (E&C) sector that make use of this lull time to reinvent themselves will emerge stronger and go one-up on their competitive advantage. Rewind to the […]
You would never ask your personal trainer to create a workout plan based on the notes from your nutritionist. Why? Each profession is unique, and asking a professional to perform a task specific to a related profession is undesirable. The same argument holds for the construction sector too, especially when it comes to technology. Today’s […]
After being plagued by inefficiencies and complex managerial overheads for years, the construction industry is showing encouraging signs of tackling such challenges by adopting digital ways. It is expected that the market for digitization in the construction sector will be worth over $29 billion by 2027. One of the key areas in this sector where digital technology […]
Studies indicate that about 42% of companies underestimate the role of robust project management despite it being a precursor to the success of projects. The disregard for addressing the business’s challenge might hinder the enterprise’s growth consistency. After all, effective project management in construction can accrue various benefits, such as: Enhanced business growth Improved efficiency Better teamwork […]
Payroll and benefits administration is often one of the most challenging departments in any business. While a larger workforce represents a huge challenge in payroll management itself, the issue becomes complex when there is further diversification of wage codes or categorization of workforce billability. But it’s in the construction industry where the true scale of […]
Effective project management helps ensure that all the tasks in any project, irrespective is size and scale, progress smoothly. Project management makes project delivery speedier and helps create the circumstances in which better decisions are made. A study reveals that organizations lose out on at least 12% of their resources due to poor project management […]
The global construction industry is booming, with billions invested in new projects. Yet, it’s plagued by a critical problem: massive delays and stagnant productivity. A 2020 McKinsey report highlighted that while the sector accounts for 13% of global GDP, its productivity has grown by a mere 1% over the last two decades. For project managers, […]
