The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible for 14% of avoidable rework, which amounts to $88 billion in costs. The construction technology firm Autodesk released the study on September 14, 2021, with management consulting firm FMI Corporation Read more…

Monitoring, Evaluating and Reporting Real Estate Investments’ Key Performance Indicators

For real estate developers and investors, the performance of their real estate investments is not limited to the stages of planning, design, tendering, construction, and handing over the completed facilities but also extends to the operations and maintenance stage of those facilities. This is the stage where the real estate Read more…

The Digitization of Cost Management on Capital Construction Projects

Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and reporting the project’s cost is always a must requirement. This requires as a minimum to have a real-time report that provides a single version of the truth of the project’s Read more…