Professional Documents
Culture Documents
Construction
Projects at Risk?
10 Questions to Ask and
5 Tactics to Get Back on Track
Table of Contents
3 Introduction
16 Conclusion
17 About Smartsheet
2
Introduction
As construction projects continue to become increasingly complex, both in scope and number
of stakeholders involved, organizations must be able to scale their processes and operations to
maintain a competitive advantage and continue to win business. When one slip up can result
in millions of dollars in re-work, delays, and potential legal costs, it’s essential that your projects
are set up for success.
3
An Industry Hesitant to Change
In another report, consulting firm McKinsey & Company found that large capital projects
typically take 20% longer to finish and are up to 80% over budget.
The report states: “The [construction] industry has not yet embraced new digital technologies
that need up-front investment, even if the long-term benefits are significant.”
Many would argue that this choice to not embrace technology stems from the construction
industry’s traditionally conservative nature, and could be rooted in the following concerns:
4
Why Paper Will No Longer Cut It
This resistance to technology results in much of the industry defaulting back to paper-based
construction management processes. This antiquated approach doesn’t support cross-team
collaboration, efficient document management, or real-time decision making.
Even with the right technology, projects can have challenges and hiccups - it’s inevitable as
some issues can’t be avoided. But with smart planning and real-time information, these delays
and costs associated can be dramatically reduced.
5
Top 10 Questions to Determine if
Your Projects Are at Risk
6
Top 10 Questions to Determine
if Your Projects Are at Risk
One day late delivering a construction project can result in major costs. Ask yourself the
following questions to assess whether your projects are headed for costly delays.
7
Top 10 Questions to Determine
if Your Projects Are at Risk
8
Top 10 Questions to Determine
if Your Projects Are at Risk
9
Top 10 Questions to Determine
if Your Projects Are at Risk
10
Top 10 Questions to Determine
if Your Projects Are at Risk
11
5 Ways to Help Projects
Stay on Track and on Budget
12
5 Ways to Help Projects Stay on
Track and on Budget
Today’s construction managers must find ways to do more, faster. You can no longer stick to
static, disparate processes, held together by paper, email, and Excel. With the right tools and
processes in place, you can increase control and visibility and help ensure success.
Here are five ways to keep your projects on track and on budget.
1 Increase Control
Implement repeatable processes that everyone is
aware of to increase project success. With processes in
place, you’ll ensure that your team follows a consistent
workflow, so that they can quickly identify potential
issues before they occur.
13
5 Ways to Help Projects Stay on
Track and on Budget
2 Automate Work
Reduce manual effort with a tool that has built-in process
automation and dashboards to roll up all necessary documents,
status updates, and timelines. Ensure you have automated
alerts set to notify you and relevant team members as changes
occur, deadlines are approaching, or status is updated.
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5 Ways to Help Projects Stay on
Track and on Budget
5 Improve Transparency
Use a work management platform to create a single source of
project and process tracking, to keep work moving forward and
make sure everyone is in the loop. That way, no team member
is left behind, and no client is stuck in the dark.
15
Conclusion
With only one-third of all construction projects completed on time and on budget, it can feel
impossible to lead new projects to success. And with increasing project complexity, not having
consistent workflows in place can not only lead to increased costs per project, but also have
major impact on your ability to win new business.
16
About Smartsheet
Organizations need a way to get work done, not just talk about it. Smartsheet is the best
way to plan, track, automate, and report on work, enabling you to move from idea to impact
- fast. Smartsheet cloud-based work management platform empowers collaboration, drives
better decision making, and accelerates innovation for over 70,000 brands in 190 countries,
including more than 50 percent of the Fortune 500. Named by Forbes as one of the world’s top
private cloud companies, Smartsheet complements existing enterprise investments by deeply
integrating with applications from Microsoft, Google, Salesforce, Atlassian, and many others.
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