Home/Tag: construction project management

Don’t get mired in the ERP customization swamp … again!

By |2020-03-30T13:45:19-04:00May 29th, 2017|Categories: Executive, Product, Technology|Tags: , , , , , , |

Recently, I was speaking with a representative from a potential customer whose story is not unlike many others in his industry. The potential client is a large engineering firm that has grown rapidly over the last 30 years, with tens of thousands of employees offering hundreds of services and managing thousands of projects around the globe. [...]

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Construction Companies Must Standardize Systems for Better Performance Management

By |2020-03-30T13:45:28-04:00March 8th, 2017|Categories: Executive, Technology|Tags: , , , , |

Continuing our McKinsey & Co. blog series on how to build better megaprojects, I’m going to delve into another reason the construction industry often fails to bring projects in on time and on budget: flawed performance management. All too often, construction firms run their business units and projects as if they were independent entities, without consistent [...]

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Real-Time Information Sharing is Key to Productivity for Construction Companies

By |2019-12-03T11:38:27-05:00February 17th, 2017|Categories: Executive|Tags: , , , , |

As I mentioned in my last post, there are a number of reasons construction companies are not as productive as companies in other sectors. In fact, construction projects often come in late and over budget, according to research by McKinsey & Co. As a rule, large projects across asset classes take 20 percent longer to finish [...]

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How to Build Construction Megaprojects On Time and On Budget

By |2019-12-03T11:40:21-05:00January 31st, 2017|Categories: Executive|Tags: , , , , |

I recently reread an article from McKinsey & Co. that I originally discovered last year that discusses productivity within the construction industry. The article posits that ever-larger capital projects are being undertaken, that most of them suffer from cost overruns and missed deadlines, and that better project management and technological innovation can improve the chances of [...]

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