Information Management > Project Management Challenge or Opportunity?

Contractors and construction professionals are increasingly realizing that their success depends on their organization’s ability to process, manage, filter, keep and leverage information.  We live in the age of information and therefore, we understand that our ability to sort through the barrage of data that surrounds us is critical.  We need to extract meaningful information from the cloud of data which surrounds us, and then use that information to achieve business advantage.  In speaking and interacting with contractors, builders, investors and industry professionals, I have found a common source of frustration that begs a very important question: How do we manage information to become better at what we do?  We cannot make sound decisions without good and timely information.  The management of information is a key driver for success in construction.  It impacts the following:

  • Estimating
  • Purchasing
  • Staffing
  • Contract management
  • Scope Management
  • Planning
  • Logistics
  • Financial Record Keeping
  • Legal and Insurance Documentation
  • Accounting and Tax Reporting
  • Sourcing
  • Materials Management
  • Scheduling
  • Quality Assurance
  • Project Closeout
  • Tracking of Lessons Learned
  • Sustainable Profitability
  • Long-term Survival

I am focused on raising industry awareness regarding information management, and ensuring that we remain sensitive to the manner in which we process, and filter information within project teams (and across project platforms).  There are significant opportunities that stem from information asymmetry in the industry.  The key is to change our mind set and recognize the fact that we are purveyors and consumers of information.

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