Is there any sector that resists changing more than the construction industry? Although the construction industry continually suffers from labor shortages, cost and time overruns, and outright project failures, it has been painstakingly slow to realize a digital future.
With the uncertainty caused by financial strain and months of suspended projects, capital delivery methodologies are continually being tested and re-evaluated. However, truly redefining capital-project delivery requires more than targeted actions to affect overall value.
Project prioritization has never been a simple task for facility managers. Planning projects in a continually changing economy only heightens the complexity of these critical decisions. With opinions mounting as to which projects really deserve focused attention, higher education projects...
Project failure happens, and it happens to everyone at some point over the course of their career. However meticulous and calculated the programming, schedule, and budget, those targets still can become seemingly unattainable.
The economy is liable to take a turn without notice. The business community is therefore, not shielded from this, which brings up the question; are we prepared for a disruptor of significant magnitude?