New technologies are rapidly transforming all stages of the construction process.
The McKinsey & Company, Capital Projects and Infrastructure Report “The new age of engineering and construction technology” highlights how the engineering and construction (E&C) industry is at the cusp of a new era. New technologies, such as weather risk management, are rapidly transforming all stages of the engineering and construction process, through advanced software, construction-focused hardware, and analytics capabilities.
Eliminating many of the problems that have dogged the E&C sector for decades
Weather is one of the top three reasons for missed milestones in the construction industry and built environment, with negative impacts costing billions of dollars. Further, McKinsey explains how innovating new technologies are “…eliminating many of the problems that have dogged the E&C sector for decades…” which includes managing weather risk — to increase the impact of positive events, and to decrease the impact of negative events.
Enable weather risk probability for each work breakdown structure (WBS), activity and task.
First, during the construction phase, scheduling technology helps to “…first, create, assign, and prioritize tasks in real time; second, track progress online; and third, immediately deliver work plan and schedule to all workers.” Leading scheduling technology integrates with WeatherBuild Enterprise custom hyper-local weather risk solution with risk management tools to enable weather risk probability for each work breakdown structure (WBS), activity and task.
Assess weather risk probability for critical-path materials and schedule resources.
Second, during the construction phase, materials management technology helps to “…identify, track, and locate materials across the supply chain.” In addition to weather, materials availability is one of the top three reasons for missed milestones in the construction industry and built environment. Leading materials management technology also integrates with weather risk solutions to assess weather risk probability for critical-path materials and schedule resources.
Assess weather risk probability for crew production and schedule resources.
And third, during the construction phase, field productivity technology helps to “…track crew deployment in real time, manage project staffing across skilled trades, and track on-site productivity at a trade and worker level.” In addition to weather, labor availability is one of the top three reasons for missed milestones. Leading field productivity technology also integrates with weather risk solutions to assess weather risk probability for crew production and schedule resources.
More in the next blog on the McKinsey & Company, Capital Projects and Infrastructure Report “The new age of engineering and construction technology”…
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