Benefits of Construction Management Software
When organizations get stuck in a rut using the same tried and true methods, including old school data entry, numerous spreadsheets, and projects that consistently run over budget, it’s time to try something new.
A digital construction management solution can automate tedious manual processes to save time, money, and talent for reaching other project goals. What's more, construction management software creates a centralized space for management, communication, stakeholder collaboration, and more, all while increasing positive outcomes.
Whether your construction company is new to project management and construction management software or you haven’t yet unlocked the potential of your existing program, here are the benefits of using construction management software to inspire you:
Communication is a hot-button issue for construction teams across the world. And 25% of organizations lack the technology to streamline collaboration, according to a recent study from Wellingtone. It can seem impossible to communicate effectively in an industry that requires so many team members, managers, contractors, suppliers, and resources across several locations.
Construction project management software changes how teams can communicate with each other, stakeholders, and other key decision-makers for projects with a unified platform for construction project managers.
Real-time communication and collaborative capabilities help improve the planning and coordination of construction operations. Construction PM software also allows external stakeholders to connect with project managers to provide clarity and set realistic expectations.
Accounting and financial management
Budgeting often requires the most attention from construction teams. For example, an incorrect estimate can cause issues from the outset, and improper planning can lead to excess waste and excess costs. That’s why accounting, risk, and cash flow management are one the top benefits of implementing digital construction software.
Project managers can easily monitor spending allowing organizations to minimize costs and maximize profits with budget management tools through construction PM software. A centralized database built for construction project managers can address automating materials and labor costs, developing standard proposals, and integrating analytics to improve the estimate process.
Construction companies use numerous resources that often come from all over the world. Managing resources, overstock, and waste is intricately connected with revenue outcomes. Aligning resource needs with budgets and customer expectations is not a simple task, requiring special attention, equipment, and knowledge.
Not only does construction management software streamline the procurement, ordering, tracking, and delivery process, but it can also check whether or not your resource usage matches up with original estimates. And it can even help project managers identify if there is a way to optimize project processes in the future.
Managing the productivity of countless teams is virtually impossible with spreadsheets, emails, and endless phone calls. Construction managers all have their own process for motivating their teams and creating a more productive environment.
Project management software built with construction teams in mind gives managers the ability to manage numerous processes while still allowing for the flexibility to do what works best for teams, contractors, and time constraints at a moment's notice.
Manual processes such as calling contractors, reviewing project timelines, and managing workloads take up an extraordinary amount of time. Project managers can now automate their tedious tasks and facilitate asynchronous communication to improve productivity with little extra effort.
Document sharing and control
Reporting, data storage, and standardized documents must be available to the appropriate team members when needed. Any later and costly bottlenecks are right around the corner.
Construction project management software makes it easy to share documentation across teams, contractors, shareholders, executives, and anyone who needs access to crucial project documents and plans.
When document control systems are centralized, companies gain a competitive edge. That’s why having a secure and accessible way for project managers to control documentation is critical for teams that want to see business expansion long-term.
When construction teams say that they don’t want to move away from manual processes in favor of streamlined digital tools, they really mean that they like their way of managing procedures. They don't want to adopt a whole new system that will affect operations negatively.
The nature of construction management software is that it is highly customizable so that it blends in seamlessly with your business values and management style. Since it can be tailored to meet specific industry and company needs, construction project managers can expect faster deployment time, faster company growth, and better process optimization with customization and transparency.
Finally, one of the most overlooked benefits of using construction project management software is that it gives companies the ability to organize large amounts of information, complicated processes, and complex task management.
Project managers face endless streams of information vital to project outcomes. Project management software for construction firms allows companies to store field notes, track expenses, organize contracts, and have access to the essential information that at the moment is necessary.
Companies catching the back end of the digital transformation wave may feel overwhelmed with customer expectations, industry setbacks, rising costs, and the widespread use of innovative digital construction tools. To continue building a successful construction firm one project at a time, project managers need updated tools to communicate more effectively.
The success of a construction project is all about project management. According to a recent PMI study, 67% of projects fail when companies don’t leverage project management as a strategic element to their success. Construction companies that don’t prioritize project management experience more project failures than those with robust project management software implementations.