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 [...]
Published in EPC World – By Kalyan Vaidyanathan on January 16, 2023 Along with China and the US, India will contribute heavily to the global construction industry’s estimated $15.5 trillion valuation by 2030. And given the importance of the sector in driving the nation’s growth, there is strong backing from the Indian Central Government, [...]
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 [...]
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