4 Typical Benefits of a Construction Project Management Software

If the year 2019 was about the revival of hopes and confidence-building, 2020 is all about uncertainty as every industry is literally moving into the dark. It will be a roller-coaster ride of a lifetime for many businesses and a humungous a task to sail smoothly and reach the shores safely, as more and more businesses tumble down every day due to lack of projects, scarce resources (due to migration of workers and labourers), money crunch and low investment sentiments.

A toned-down business mood means loss of jobs and livelihood, lack of innovation, creation of new jobs and undertaking of new projects and existing projects coming to a standstill. 

Lockdown after lockdowns during the ongoing crisis has stalled businesses, big or small, including manufacturing, education, entertainment and automobile. The construction and building industry are fraught with uncertainties and the future looks quite bleak with the road to recovery still a grey area.

Major issues that have crippled the construction industry include labour shortages, lack of investments, increasing labour and materials costs and finally lack of technical innovation to control increasing costs, reducing time, improving delivery and increasing transparency with the management, project sponsors and various stakeholders of the project.

A construction project management software suite is more than useful in ensuring your team is working on assigned task every day and adhere to the work schedule as there is greater control over the budget with visual reports and proposals in different formats and improved transparency in negotiating with vendors and contractors, keep clients informed of the project developments, handle team disputes and more.

These can be overwhelmingly tedious when done manually, eating up precious time and resources. This article is intended to elucidate the benefits of construction project management software.

All information in One Place

Construction project management software can track all the information required for the project to continue uninterrupted. Project management software allows you to enter contact details of all your contractors and vendors, including detailed notes about job status, performance, payment, pricing and product availability.

You can detail each client and project, in addition to profiling your employees. Typical construction management project management software comes with extensive HR tracking features that integrate employee pay, benefits, details of sick days, etc.

There is no need for separate manual filing of vendors, employees and clients in separate programs or paper files that consume space in the office.

Budgeting

Only proper budgeting strategies can help any construction project stay afloat. It is crucial to keep track of the financial information including project expenditure and details of cost overruns.

A spreadsheet program like Excel has a lot of limitations if you’re either a project manager or construction manager in the construction industry.

Project Management software has many features built to help both project managers as well as construction managers to plan, build, analyse and execute everyday tasks and programmes. These are not built into spreadsheet programs. 

Project management software can draw contractor and base vendor costs from several other budgets, create, edit and modify templates for similar or diverse projects, track work hours and costs and generate a host of other details.

You can easily create reports associated with project reports. Furthermore, the search and filter option makes the search easy, and this means you don’t have to open and search endlessly from dozens of spreadsheets, trying to figure out the correct data.

Keep Track of Tasks

Any project management software or construction ERP software is built for productivity as it comes with different productivity programs to keep track of tasks and schedules, as any construction project requires a lot of planning and organization in the order of priority of tasks.

The allocation of tasks makes life easy for the various department personals involved in a particular task or programme. It is easy to pull up a full to-do, pending and completed tasks of an ongoing project at any time of the day, week, month or even a year involving large projects.

You’ll feel a lot more organized to undertake new tasks and be prepared to complete within the time schedule assigned. Most programs contain a notes section where entering task revisions, comments, follow-up or any specific details that need to be logged becomes easy.

Information Accessibility Anywhere

Most project management software nowadays is either web-based or mobile-based having a web-based component. This means your project information is stored using the cloud for the information to be easily accessible from anywhere in the world.

Also, there is a complete backup of data you can pull up as and when required without the fear of having to lose anything. All you need to do is log in to the web-or mobile-based app with your credentials and access the platform. 

To conclude

Investing in project management software in the area of construction and building can pay rich dividends in the long run, if not immediate ROI. The takeaways of having one will far outweigh the costs associated with its adoption and maintenance, and this says it all.

Author Bio

Shameer.S is a seasoned content writer in the area of construction project management software technology, entrepreneurship, startup business and a vivacious vocalist when he is in his elements.