A multibillion-dollar budget. Hundreds of project employees. Dozens of contractors and subcontractors. Tens of thousands of activities. Intense public scrutiny. Five years of planning. Ten years to completion. Many would call this fictional mega-project a recipe for disaster
Here’s the trouble: it’s a common occurrence on a number of real projects managed by large Engineering, Procurement, and Construction (EPC) contractors.
As today’s construction projects grow larger, more expensive and higher profile, it introduces a host of new challenges for project owners at the same time as it raises the stakes. Early technology adopters – engineering & construction (E&C) firms which embrace cloud, mobile and project management innovations that enable them to extract and capitalize on incredibly rich data insights about real-time and future project performance – will be positioned for mega-project success.