25 May 2019

Table of Contents for Construction & Project Management Software





Construction & Project Management Software

‘Tech’ing the way ahead

 

 

The success of any project is a result of the perfect blending of management and implementation. This has opened the gates for software technology companies catering to the project management sector. With so much happening in the construction industry, here is a list on some of the effective tools to have a successful project reports Rohan Ambike.

 

 

 

With the massive boost to the infrastructure and construction projects in India, there has been an exponential rise in the demand for the construction and project management software used that result in their completion. Projects are the lifeblood of any business organization – managing them through cost-effective, timely and productive trends is absolutely critical for any company to enhance the overall bottom line. Let’s take a look at the top three types of software that cater to the construction and infrastructure space.

 

 

 

Demand pattern

 

The business process management (BPM) in real estate market is estimated to grow from $429.1 Million in 2016 to $1,298.0 Million by 2021, at a high CAGR of 24.8 per cent. Growth of the business process management in real estate market can be attributed to the increasing adoption of BPM solutions by real estate companies. BPM solutions are implemented to automate business processes and enhance operational efficiency.

 

 

Furthermore, over the past decade, the advent of new technologies has radically transformed the way organisations engage with customers. Real estate organisations are adopting business process management solutions to cater to the growing demand of customers for optimising business processes and enhancing their presence in the market. According to Markets and Markets Research, based on component, the business process management in real estate market is divided into solutions and services. The solutions segment is projected to lead the BPM in real estate market during the forecast period. Furthermore, there has been rapid adoption of monitoring and optimising solutions in the real estate sector.

 

 

 

The monitoring and optimising solutions segment of the BPM in real estate market is expected to grow at the highest CAGR during the forecast period.

 

 

 

The services segment is anticipated to grow at the highest rate during the forecast period. High growth rate of the services segment can be attributed to the wide use of services by various enterprises to maximise efficiency of their infrastructure.

 

 

 

Similarly, BIM technology is impacting building and infrastructure design, construction and operations. Though BIM is primarily associated with creating and managing project information, 3D BIM modeling is fast evolving and is now used before, during, and after, construction.

 

 

According to Research and Markets’ ‘Building Information Modeling (BIM) Market – Global Forecast to 2022’ report, the benefits offered by integrated BIM services in the construction process such as 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power; and change management, clash management, visualisation, layout, quantity take off, scheduling, and production control are expected to propel the growth of BIM market for services.

 

 

 

Key focus areas

 

Digital transformation in the construction industry focuses on three key areas:

 

 

i) Big data: management of bulk data, allowing information sharing on transparent and accountable platforms and processes, encouraging a collaborative and inclusive decision-making process, as well as better analysis and prediction.

 

 

ii) Automation: facilitates competitiveness, reduces unpredictability that contributes to time and cost overruns, and improves resiliency to threats and interruptions.

 

 

iii) Standardization: leads to efficient resource management, simplifies operations and supply chain, minimizes waste and boost efficiency, and facilitates innovation and sustainability. The adoption leads to improved productivity; and it also enables firms that use analytics to minimise project overruns; and for those that use automation, the reliance upon unskilled labor can be reduced. Big data management enables a company to work with materials, equipment and labor suppliers in collaborative and inclusive decision-making ways. Moreover, big data capture allows for improved better analysis and prediction.

 

 

 

The use of machines, whether programmed diggers or drones, facilitates competitiveness and reduces unpredictability. In turn this helps to minimize time wastage and helps to keep control over cost overruns. Furthermore, robotics can improve resiliency to the types of threats and interruptions that can affect manual labour. With automation, drone technology is one of the tools a construction company can employ to produce digital data, such as ground-based scanning. Such data can produce 3D modelling and merging images to form a seamless mosaic.

 

 

 

Additionally, drone technology can be deployed rapidly, safely and cost-effectively. The third key lever, standardisation generates efficient resource management and it simplifies operations and the supply chain. Furthermore, the use of computers to set appropriate quality attributes helps to minimise waste and it can boost efficiency.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Integration with data analytics software:

 

It has been widely known now that data today is the king. With construction companies increasingly relying on the collection of data, it has been a crucial element for analysis to improve efficiency and productivity. Today, the companies are in a dire need of an efficient software to handle the data analytics aspect. This data is being used by managers for various tasks- RFIs, submittals, manpower logs, customer billing, project billing and estimates. To cater to this growing problem, Strategic ERP has come up with its solutions to help optimise processes and enhance revenue. Today, the infrastructure industry spends a lot of time finding solution in new architectural ideas, financing, on time management for sourcing raw materials etc.

 

 

 

Rebar detailing made easy:

 

Rebars as we know are commonly used to help concrete withstand tension forces. Deformed rebars on reinforcing steel have been a standard requirement since 1968, but plain rebars are also used in situations where the reinforcing steel is expected to slide. This is typically the case when they’re installed in highway pavement and segmental bridges. The deformed pattern on a rebar helps the concrete adhere to the reinforcing steel surface. The pattern on a deformed bar isn’t specified, but the spacing and the height of the “bumps” is regulated.

 

 

 

CADS India, the subsidiary of CADS UK, has come up with some innovations in the cutting edge technologies for analysis, design and detailing of structural steelwork and reinforced concrete buildings. The RebarCAD software by CADS India provides advanced detailing features and technical excellence, which include integration with major fabrication production software. Rebar CAD has the ability to detail any structure even those with irregular geometry. The software has been a success for all sorts of building, transportation, water, process and power projects including many precast concrete elements.

 

 

As per the recent additions to the software, the company has worked on improving the “Order Materials” dialogue. This will allow the user to create a new folder for production output. The software has been a big hit within the Fabricators fraternity as it fully exploits the stable 2D drawing environment of AutoCAD, tailoring a solution for rebar detailing and bar listing that meets the stringent requirements of the industry.

 

 

 

Enabling greater coordination:

 

As construction projects become increasingly complex with many moving parts, it is more important than ever to be able to simulate the flow of the project site from start to finish. The latest construction software, including Navisworks and Revit is enabling construction managers to have foresight into their projects before they even begin.

 

 

 

Navisworks by Autodesk is project review software that enables architecture, engineering, and construction professionals holistically review integrated models and data with stakeholders during preconstruction to better control project outcomes. Navisworks, with its clash detection and model coordination can help anticipate and reduce potential clash and interference problems before construction, minimizing expensive delays and rework.

 

 

 

A salient feature of the Navisworks is the clash detective tool. This tool enables effective identification, inspection, and reporting of interferences (clashes) in a 3D project model. With the clash detective tool, the risk of human errors during model inspection. Clash Detective can be used as a one-off “sanity check” for a completed design work, or it can be used as an ongoing audit check of the project.

 

 

 

Encouraging Signs

 

The increasing complexities in projects, growing cloud solution popularity, and increasing BYOD trend at work are thus the major drivers leading to the widespread adoption of PPM solutions in the market. The Project Portfolio Management Software Market is primarily driven by demand induced by project managers; it mitigates the risk of wrong decision-making at various stages thereby resulting in business optimisation. Thanks to the multiple functionalities and benefits, its adoption rate is high and quite promising across all industry verticals. However, there are certain factors restraining growth.

 

 

 

The major challenges faced in this market include the imperfect blending between the tools output and the decision-makers, security concerns related to adoption of cloud solutions, lack of knowledge about specific tools resulting in underutilisation of the tools which are acting as a hurdle in the growth of the market. Hence, technical skills need to be incorporated among the software user to analyse the results well. The good news is that notwithstanding the downsides the PPM market is estimated to further grow substantially in the years to come.

 

 

 

Player Push

 

If the PPM software market has remained competitive it is owing to the emergence of niche players such as Planview, Planisware, Innotas, AtTask among various others. These players provide innovative integrated software and tools thereby increasing their market bargaining capability among the large vendors.  The current market PPM market is dominated by vendors like CA Technologies, Changepoint, HP, Innotas, Oracle, Microsoft and SAP. These players are expected to develop more advanced and user-friendly solutions in order to create notable market traction in the near future. That augurs well both for the software providers and users in the construction and infrastructure sector.

 

 

 

Improving cost management in the construction projects:

 

Procedures and record keeping is a daunting task for any project manager during the implementation of a project. This is where cost control software plays a crucial role where they are not only tools to record the financial transactions of each project, but also are indicators for the progress and whistle blowers for the errors that have an effect on the project. In true sense, cost control is a process that should be continued through the construction period to ensure that the cost of the building or project is kept within the agreed cost limits.

 

 

 

Project cost estimating is a very complex task due to the inherent uncertainty and variability in construction. This is why feedback from the cost control is of crucial importance, so the cost estimating process can increase the quality of the information available in the cost plan, which will be in further use by the cost estimating process.

 

 

 

Keeping these points in mind, some of the leading industries have taken to making use of some of the globally-acclaimed cost control software. BuildSmart and Candy software by CCS have been in existence for a fairly long period globally and made an entry into India about 8-9 years back in 2011 and have created a turnaround in the construction operations, from the traditional methods of Quantity surveying, Estimating, Budgeting, costing and project tracking. Companies have move moved to a much fast and an error-free systematic mode to reach the construction data. These steps have revolutionised the MIS programs of various companies, making them informative and at the same time authentic.

 

 

 

BuildSmart Cost Control ERP solution has powerful modules of Accounts, Procurement, Plant and Payroll. Whereas, Candy Project Management solution offers classic modules such as Estimating, Planning, Forecasting, Cash Flow, Subcontract Management and Quantity Take Off.

 

 

Future Trends Of Software

 

 

The Mobile Revolution:

 

It is the age of business dynamism, and the modern project manager wants to have access to information on the move! Everyone is nowadays hooked on to their smartphones and mobile devices can now be utilized as an essential communication apparatus. The new age project management solution can now be leveraged to provide access to real-time data, while team members are traveling to office or construction sites. That is a valuable feature that saves a lot of time, keeps the productivity levels at an all-time high! Team directories, chats and discussion forums make sure all members remain connected to each other throughout the day, which enhances the quality of organizational decisions. The best project management software trends apps are loaded with sophisticated features that will keep all your project management teams working efficiently regardless of where they may be at any given time. 2018 is the year of the mobile movement and your project management teams will be able to gain access to the click of a button!

 

 

 

Artificial Intelligence Will Rule:

 

Artificial intelligence systems that have emerged in project management software trends are a great help in interpreting organisational data, and there is definitely going to be a massive boom in the internet of things implementation projects.

 

 

 

The Internet of Things, machine learning, and artificial intelligence are the buzzwords that will reign supreme in 2018 – transforming project management software trends to the highest levels of automation and efficiency! These ground-breaking technologies are going to change how project management is effectuated in a number of industries.

 

 

 

It’s going to completely automate a number of existing project management software trends processes such as matching talent to tasks, reducing calculations for level-of-effort (LOE), providing a hub spot for knowledge management, and creating reports with absolute objectivity.

 

 

 

Market trends in construction management software:

 

Research and Markets has announced the addition of the “Global Construction Management Software Market 2016-2020” report to their offering.The global construction management software market to grow at a CAGR of 14.96 per cent during the period 2016-2020.The report covers the present scenario and the growth prospects of the global construction management software market for 2016-2020. The report considers the revenue generated from the sales of construction management software and services. The revenue from services is earned from the fee charged for consulting in design methodology, and support and deployment. The revenue from maintenance is earned from the periodic fee associated with software updates.

 

 

 

A trend which has contributed to market growth tremendously is the demand for construction management software in the APAC region. The increase in growth of the construction market in China and Japan will contribute to the growth of the global construction management software market during the forecast period.




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