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You’ve got a lot going on. With interest rate hikes, supply chain issues, and labor shortages, as well as regulatory and environmental concerns, it’s even more challenging to complete projects on time and within budget.
That’s on top of having to compete against other developers who are looking to secure the same resources, such as funding, land, materials, and labor.
Clearly, there’s a lot of moving parts to manage across a variety of stakeholders including investors, regulators, architects, engineers, contractors, and subcontractors; with effective project management as the key. But have you considered how effective management of your project information impacts your delivery schedules and budget?
Project Information Management (PIM) is about having a strategy and a plan for how your teams will communicate, collaborate, and share information across stakeholders.
What’s new is the ability to integrate project information with Building Information Modeling (BIM), to provide a seamless view and access of data throughout the project lifecycle.
Up until now, it has not been easy to collaborate and share information across stakeholders. Each stakeholder has their own way of managing information, their own software platforms, and their own ideas on what information needs to be shared with who, and when.
Leverage BIM coordination to collaborate in real-time with stakeholders to prioritize action items and resolve model issues as they arise. Ask questions, make comments, examine clashes, and assign tasks that need to be completed.
Automate contract administration workflows between stakeholder systems. This eliminates manual efforts of downloading and uploading files and re-entering data. It also eliminates the time delay and reduces human error.
Share information more openly and efficiently across applications and external stakeholders
Create a culture of transparency and accountability by collaborating in real-time on issues and action items.