8 Benefits of Project Budget Tracking Software

Running a company can be challenging, and is even harder when your business and team are expanding at the same time. Project budget tracking software can help keep your business and projects on track, and also provides you with an advantage against your competitors. 1. Staying on budget Understanding your project processes can give you …

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Project Management: The Key to Success

“Management must manage!” ~ Harold Geneen  In the early 90’s, terms like “project” and “project management” came to mind regarding mostly only construction and buildings. Today, project management has reached almost every facet of economy and branch of industry. Writing, managing or participating on a project has become an inseparable part of everyday life, and …

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The Growth of Business Intelligence in Construction

The construction industry involves a huge amount of data. Companies that make thorough analyses to gain better insights into their projects and overall business strategies see higher efficiency. Real-time analysis is growing more and more advantageous in all areas of construction, and younger contractors especially are finding that good business intelligence helps to make better …

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6 Reasons to Implement Construction Cost Tracking Software Today

Job cost is one of the main concerns in the construction industry. If you are a construction project manager, you may already know that gaining a comprehensive and transparent overview of your project can be extremely challenging. In order to avoid a pay or bonus cut, it is wise to implement an efficient and easy-to …

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7 Significant Factors Causing Project Cost Overruns in the Construction Industry

One of the biggest challenges faced by project organizations is cost overrun, as statistics show that the larger the project, the higher the probability for overrun. There are often a number of reasons factoring in to this, although the majority of project budgets that experience overrun are due to poor planning, combined with a lack of visibility in cost …

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