Author: Nirad Nunna, Consultant II, Bentley Systems It is common for construction projects to use multiple tens of Excel ‘trackers’ to track and monitor their projects. Many companies often make the mistake of confusing greater number and complex trackers with digitization. Is your answer to digitization more Excel trackers? World over, every industry including construction, [...]
Large construction projects are notorious for inordinate delays and spiralling costs. Keeping a project on schedule and within budget is a goal that all construction companies start with, but most never reach. Curtailing project costs is a challenge that needs a multi-pronged yet unified approach. That’s where integrated project controls come in. The Many Facets [...]
Lean manufacturing revolutionized industries across the world, and what started in an automobile company was adopted across all forms of manufacturing. Today, the concept of ‘lean’ has been adopted by the construction industry with the move towards lean construction. And while lean construction with the 8 wastes concept has the potential to revolutionize construction, there [...]
India’s construction industry provides 9 percent of the country’s GDP and employs more than 50 million people. But the sector is riddled with time and cost overruns. More importantly, the industry lacks standards and processes for proactive project controls, leading to potential governance issues. The sector has many moving parts critical to project success, making [...]
Since the arrival of the internet and mobile telephony from the mid-’90s, the world is undergoing a rapid transformation in how businesses operate or so it seems. But in reality, the transformation of businesses and ROI realization through technology is a slow process. From 1994 to 2000, the world witnessed the first wave of technology [...]
Infrastructure is critical to a nation’s growth. The better the infrastructure of a country, the higher gross domestic product (GDP) growth rate is generally. For India to become a $5 trillion economy by 2024-25, infrastructure enabling is a critical piece. The leaders of the country have promised a 1.6 lakh crore investment in infrastructure in [...]
The global construction industry has been growing by leaps and bounds – so much so that by this year, it is expected to hit a whopping value of $20 trillion. India too is no exception. From 2019 to 2024, the Indian construction market is anticipated to register a CAGR of 6%. The current government has [...]
Adoption of emerging technologies such as artificial intelligence (AI), machine learning (ML), data analytics remains low in the Indian real estate sector as compared to peer sectors like financial services, retail, travel & hospitality, and manufacturing among others. Within real estate, there has been the uptake of analytics on some functions like marketing and sales, [...]
Frequent tremors were felt in the National Capital Region (NCR), Haryana, Rajasthan, and other Northern states of India during April and May. While it stoked fears of a high-intensity earthquake, such tremors also underlined the importance of disaster-resilient constructions. Similarly, given the deteriorating air quality index in major cities of the country during the pre-COVID [...]
Real estate and infrastructure sectors in India have grown exponentially in the past few years. They have grown in size where in real estate owners and capital project developers are embarking on larger and bolder projects. The number of projects is also increasing steadily over the past few years. However, some of the basic issues [...]
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