What should Construction firms expect out of Project Management Software?

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The outbreak of one of the deadliest pandemics of this century namely the COVID-19 or the Novel Coronavirus has taken the world by storm. With both lives and livelihood having been affected in enormous proportions, the spiralling and the never-ending effects of COVID-19 has stalled the continuity of all business sectors, with the travel and construction areas most severely hit.

The golden rule that every business needs to abide by adoption of technology for digital transformation as cost cutting is the key to the continuity and sustainability of any business, and rightly so. But now let’s narrow down our focus to how civil construction firms can revive their fortunes and tap the potential of a full project management software suite. Read on to find out more on the advantages of construction management software suite:

Content Management:

Civil construction industry has copious amounts of data to deal with. Sticking to the old paperwork ways can only yield results the way it has always been. Expenditure bills and contractor agreements need to be documented properly in separate storage folders for updates and retrieval any time. This helps avoid unnecessary communication gaps and improve decision-making to a wide extent. Further, intra-department communication is facilitated, and widened significantly. A built-in content management system (CMS) will enable documentation of dynamic content that requires frequent updates and the retrieval of stored documents.

Risk Planning:

The civil construction industry is capital intensive, prone to risks and uncertainties compared to other industries. Risk assessment is critical to the continuance of any construction and building project. Project management software helps construction firms assess and monitor risks early on to avert unforeseen risks that can prove fatal later on.

Analytics:

Conventional paperwork system does not throw up reports for putting a deviated process back on track. Project Analytics is nothing but a collection of dashboards, admin panels and charts that present real-time data of actual project standing and the direction of progress. Analytics also represents predictive data which again helps reassess project status and restore normalcy in the case of any deviations in various processes including accounting, customer relationship performance and new client conversions.

Enterprise resource planning:

Though market dynamics dictate the business landscape, an ERP software suite at its best can help manage vendor or supplier relationships, plan and allocate resources effectively, and improve the overall business process. Construction firms should be looking to simplify business decisions and automate business processes especially after the COVID-19 outbreak. An ERP software-suite therefore brings the best out of an integrated business process with automation and digitalization.

Change Management:

The civil construction is a highly fluid industry driven by change requests at different levels, and thus these have to be addressed fast and effectively before it escalates into something bigger and threatening. Manual processes cannot be relied upon for change management. Only an effective cloud-based construction project management software suite can address and resolve change requests on the fly. And this is extremely important from a project management perspective.

Opportunity management (CRM):

Prospect conversion and client retention is a daunting task for any construction project firm. If the route to opportunity management is not discovered through intelligence and automation, customer relationships might take a backseat and the overall image of the brand will be one question of uncertainty. Integrated CRM software can improve collaboration and help generate more data creating the right environment for collaboration.

Integrated experiences:

Any project manager would tell you how the different modules of project management should fit into the puzzle and interact with one another. Only built-in project management software can reflect the complete picture for informed decision making and incorporation and implementation of change requests within the project scope.

Author Bio:

Shameer.S is a seasoned content writer in the area of construction project management software technology, entrepreneurship, startup business and a vivacious vocalist when he is in his elements.

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