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Transforming Cost Management: The Next Wave of Construction’s Digital Evolution
April 14, 2021 @ 2:00 pm - 3:00 pm
The second wave of construction’s digital transformation is here and advancing cost management is at the forefront. Explore how real-time financial tools can improve your bottom line and redefine what’s possible for construction cost management.
Over the last two decades, construction’s digital transformation has focused on digitizing drawing and documentation management, while largely ignoring cost management. Today we have drones taking progress project photos, robots surveying jobsites and contracts being executed on iPads, yet we still use the same 25-year-old forecast spreadsheets.
According to a 2017 McKinsey report, 70% of projects experience cost overruns, and that likelihood increases to 98% for megaprojects. In order for companies to endure in this unpredictable global economy and compete on tighter margins, improving cost controls and forecasting must be a priority in 2021.
Join this webinar to:
- • Understand how collaborative, real time financial management can help boost your bottom line.
- • Learn how putting financial tools in the hands of field teams can improve field-to-office collaboration and protect your profit margins.
- • attract and retain a new generation of talent;
- • Gain insight into the future of construction cost management and the need to transform project controls across technology, processes and people.