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Blog:/Tag:Real time

Separation of Operations, Finance and ERP is Seriously Holding Back Project Industries

By | July 3rd, 2017|Categories: Design, Executive, Product, Technology|Tags: , , , , |

Having been involved in designing major ERP systems for more than 30 years, it still surprises me how much project industries are stuck in the early 1990s, in a pre-internet era. By project industries, I mean companies that are project oriented in nature, which includes everything from professional services to engineering/construction to ETO type manufacturing. About [...]

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What the Real-Time Economy Means for Project-Based Companies

By | April 27th, 2017|Categories: Executive, Technology|Tags: , , , , |

The new key to success for project-based companies is being able to continuously monitor their entire portfolio and react instantly when changes occur so they can deliver their projects on time and on budget. To accomplish these goals, they a need a real-time approach to managing their enterprise operations. The reason: the “Real-Time Economy”.   WHAT [...]

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Construction Companies Must Standardize Systems for Better Performance Management

By | March 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 | February 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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