The Capital Delivery Revolution and Technology: Connecting Capital Planning, Construction, and Everything in Between
In times of economic distress, it can be easy to lose sight of the problems that have plagued the architecture, engineering, and construction (AEC) industry. But the fact remains: this industry continues to face systemic challenges with capital project delivery inefficiencies and stagnant productivity that can further endanger already slim margins during a downturn—or consume profits and reinvestment capabilities during a boom. To consistently deliver successful projects with appropriate value and return for all stakeholders, the AEC industry needs to review the personal and contractual processes, relationships, and dynamics at play among owners, contractors, designers, and the entire supply chain. Moreover, the industry must also review core enabling technology solutions and how they interact to help ensure a return on investment (ROI). This white paper recognizes three principal solution areas in the capital project delivery lifecycle: project design, project execution, and organizational governance. In particular, it addresses the area of project execution and the means available today to drive successful project delivery on a consistent basis. Finding and developing delivery efficiencies and increasing project productivity through the use of technology facilitate: proactive project management, risk management, the automation of key AEC business processes.