What is PIM?
Project Information Management (PIM) is a software solution that unifies project data and email across a variety of applications, platforms, and storage locations. PIM enables project teams to easily find and access the information needed to make better decisions and keep the project on track.
As the industry progresses towards increased digitization, the volume of data generated and managed by design, engineering, and construction teams will grow significantly. Active projects can generate in excess of 25,000 project-related emails in a single year. And architects and engineers are generating millions of project files – all subject to retention and archiving requirements.
Lack of coordination costs architects and engineers billions every year.
The average amount of time employees spend each year searching for project information *
the average length of a dispute **
of projects underperform ***
of projects miss their original project deadline ***
of projects go over budget by 10% or more while profits decrease by ~3% ***
** ARCADIS Global Construction Disputes
*** KPMG. Construction Financial Management Association, Dassault Systems, US Department of Commerce Technology Administration
Newforma’s PIM solution is designed to unite point solutions – not replace them.
Most design and engineering firms rely on multiple point solutions throughout the project life-cycle – each with their own data silo. But firms have invested heavily in these applications.