Construction management software is a project management platform that helps companies in processes like budget management, communication, decision-making, and job scheduling, to name a few. Its goal is to make construction business processes a lot easier through automation.
Despite its growing popularity among builders big and small, construction management software has remained a virtually untapped technology for many construction companies. The persistent question has always been what is construction management software? Aimed at making construction business processes easier, construction management software, by definition is a project management tool designed specifically for construction professionals. This kind of software offers a range of benefits to members of the construction industry, streamlining processes that used to be done manually, which include communication, decision-making, and job scheduling, among others. These are but some of the benefits that organizations can get from using construction management software. Such is the definition of construction management software. It is very much apparent that this secret is out as more and more construction firms are using this tool. In fact, the global construction management software market is forecast to grow at a CAGR of 9.19% from 2018-2022. So this effectively answers the query what is construction management software?
A notable rise in construction management software demand is seen to come from the oil and gas sector. Members of the industry have found the solution to be very helpful in their construction projects. This is owing to the fact that it helps boost transparency in brownfield, onshore, and shale construction projects. In the same manner, the software also helps in maintaining oil and gas plants and deepwater oil and gas developments. This demand is also seen to fuel the construction management software market. With this rise in the clamor for construction management solutions also comes buyer preferences in terms of features and capabilities.
As most of these tools are deployed via cloud technology, businesses have also realized the savings they can make from investing in construction management solutions. The tool enables enterprises to significantly cut operational costs and improve product development and scalability. Cloud computing practices have recently been recommended by the US Federal Risk and Authorization Management Program for its ability to reduce greenhouse gases. Such development is seen to further boost development of cloud-based software.
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More importantly than satisfying the question, what is construction management software, is to answer the query, what does construction management do? There are far more benefits that businesses can reap from the use of construction management software, making it a sound investment for these companies. The benefits of construction management software include:
Construction management tools have significantly improved the construction sector in terms of productivity, efficiency and company competitiveness. The features of construction management software typically help builders automate their work and documentation processes, which are essentially the purpose of construction management software. In this section, we do not just look at software features, we also try to give a picture of how construction management software work. Many programs integrated in such tools have taken over tasks previously held by project managers, design engineers and architects. Construction firms at one time or another have used solutions in cost estimation, accounting, scheduling and computer-aided design. These are but some of the advantages of construction management software. As vast as the features that some solutions may offer, essential functionalities that most companies need must be fulfilled. Here are some of them:
To answer the question why use construction management software?, we have collated some of the reason why these solutions can make builders better at providing services. These include:
There are many construction management software out in the market today. These solutions have their individual strengths and weaknesses. Prospective users should pick out what they think would best suit their operations. Here, we take a look at some examples of construction management software.
A web-based and mobile construction management solution, CoConstruct is designed to meet the requirements of both construction firms and their clients. The software has three modules, covering processes such as budgeting, client communication, scheduling and activity planning.
Unlike other solutions, CoConstruct does not limit companies to certain types of activities, designs or materials. It enables them to change concepts at will. This is accomplished by customization features, which allow users to modify the product in accordance to their needs. The system collates all relevant project data and stores them in a single location, giving users absolute control over information such as orders, budgets and bids.
Dedicated client portals are available to give users more control over orders, enabling them to boost service quality. The software also features a financial module for use in managing estimates, bidding and summaries. As the service is cloud-based, no complicated installations and system maintenance are required. It seamlessly integrates with a number of tools, giving users needed functionalities.
ReadTeam is a cloud-based project management and accounting software designed to help users manage and stay up to date on everything related to their construction business. Equipped with tools primarily geared for the construction industry, such as equipment management, pre-construction and accounting, RedTeam allows users to conceptualize and realize their ideas while remaining organized all throughout.
Capturing and delivering progress reports is fast and simple with RedTeam. Being a cloud-based software, all parties can easily share and access the latest information. Moreover, its mobile app makes it easy for users to share information on-site in an instant. Because everyone can get reliable real-time information, overall productivity and efficiency greatly increases.
ShapeDo is a construction management tool that helps construction companies identify and manage design changes. It does not only help users review drawing changes, the software likewise provide them with visual communication solutions and project controls. Using the tool, managers can come up with orders, review and compare drawings and revisions and collaborate with other team members to address project issues. ShapeDo simplifies and streamlines construction business processes such as budget, manpower and resource management.
The solution helps key staff avoid miscommunication by using visual tools to express instructions. This at the same time helps solve issues and problems. ShapeDo can likewise serve as a collaboration platform as team members can communicate ideas through drawings. To make things even better, all communication and correspondence are tracked and documented, allowing users to view them in an instant.
Data can be estimated using spreadsheets or existing systems. This accelerates the process, enabling users to easily work on project costs and schedules and task assignments. Construction phases can be determined, with tasks involved in such phases easily identified.
Ayoga is a construction management software that has the ability to connect project stakeholders anytime, anywhere. This capability enables users to share and exchange information using their channels and devices of choice. Using the platform, entities such as manpower, resources and cashflows can be linked, with relevant data streamlined in the process. This results in coordinated strategies and the alignment of budget, schedules and other goals with project plans.
Aside from these, Ayoga allows for collaboration among all project stakeholders. This is accomplished using a communication tool that keeps all parties constantly connected at all times across the world. With this feature, smart business decisions may be forged, which drive business growth. The software can also be instrumental in the integration of collaboration, communication and accountability into the work culture.
A powerful business management software, Archdesk is specifically designed for construction companies, integrating a range of functionalities that are tailored for members of the sector. Its scalability makes it ideal for small enterprises while the tool’s more advanced features are designed to tailor to larger companies.
The solution basically automates critical workflows and processes in construction project management, enabling builders to focus on increasing sales and growing their organizations. With Archdesk, users can view critical information such as project status, quotes, costs and progress, all in real time. It also keeps project stakeholders updated at all times. The solution comes with a client management feature that keeps all client contact information and status in a single storage. With this feature, client data can easily be accessed anytime, anywhere.
Using the software, worker, assignment and assets scheduling can be managed more efficiently, a process that is critical to any construction project. Also, the platform can help in inventory management, helping monitor service lives and come up with maintenance schedules.
While it’s true that the cost of construction management solutions can entail a lot more than conventional software that construction firms are used to, the features and automation benefits that these tools deliver can help businesses save money in the long run.
The usual point products that most companies use may cost more as more investments are required because automation tasks may vary. With construction management software, most known issues are addressed and with the range of tools that commonly come with such platform, additional software purchases are kept at a minimal.
In-house construction management software can cost companies anywhere between $10,000 to $50,000 depending on company size and functionalities that are required. This may sounds much but such investments can easily be recouped considering the cost reductions and improved biddings that come as a result of using these solution.
The global construction management software market has been forecast to grow at a CAGR of 13.7% from the year 2017 through 2021. This growth is seen to be fueled by increased demand from the APAC region, specifically the growth of the Chinese and Japanese construction markets.
Another factor that will drive market growth is the rise in the demand for construction management software in the utilities sector. Oil and gas construction projects will require such software as it has been proven to be effective in the sector. The software has become popular in the maintenance of oil and gas plants. However, such market growth is seen to be hampered by the high costs associated with the software.
With all its features and benefits, the use of construction management tools also has its downsides. These disadvantages usually impact small construction companies and are associated with software cost.
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