Maximise benefits: include digital tools in construction project management

The construction boom worldwide shows no signs of ending any time soon as the industry is a major driver of economic growth globally with increasing importance. However, the sector is not immune to rising challenges that have affected construction companies and construction project managers. From supply chain disruptions to productivity levels, labor shortages, and rising material costs, the difficulties are many and complex.

One way to address major challenges in industry is to embrace new technology. Digital solutions help improve the efficiency and productivity of a construction project. They increase knowledge, help the scheduling of work phases, and enable management of the site even remotely.

For example, using project management software can help improve communication and collaboration between stakeholders, resulting in better planning, forecasting, and budgeting.

What is Construction Project Management Software?

Construction project management software is a tool that helps managers to organize, budget, and schedule the entire construction process. It enables companies to complete projects faster while keeping track of changes in real-time.

Over 50% of construction firms globally use construction project management, shows a software survey conducted by Statista. According to Grand View Research, Construction Project Management Software market will reach a value of over $8 billion by 2027, indicating a strong demand for such software.

Digitization has made companies fully embrace the changes in the construction industry. Software for project management may simplify document access and communication while also providing precise tracking of project costs and progress.

The comprehensive vertical 4Construction Business Project Management Solution based on the latest version of Microsoft Dynamics 365, was created to provide quick access to crucial points in construction project management. By using innovative software, teams can easily access and collaborate on documents, resulting in increased efficiency and production.

Furthermore, the solution also streamlines operations, assess productivity and performance, monitors inventories, and promote communication with outside stakeholders, giving them the tools, they need to make well-informed business decisions.

• The high-class business management system solution includes all phases of the building cycle, including planning, project management, tracking, exploitation, and maintenance: Document storage and management
• Cost estimation and budgeting
• Real-time data integration
• Risk management
• Reporting
• Integrations
• Enhanced scheduling and content management
• Project analytics and insights
• Budget management

If you are curious to find more, contact us to learn about the solution benefits.