Quelles sont les tendances les plus efficaces en matière d’estimation des coûts et de budgétisation dans la gestion de la construction ?

In my experience, several cost estimation and budgeting trends stand out in Construction Management: Parametric Estimation: I've found this to be highly effective for early-stage budgeting. It uses statistical modeling to predict costs based on key project parameters. Building Information Modeling (BIM): My use of BIM has revolutionized cost estimation. It allows for more accurate and detailed models, leading to better cost predictions and project planning. Cloud-Based Software: I've adopted cloud-based solutions for real-time collaboration and data sharing, which significantly streamlines the budgeting process. Artificial Intelligence: AI in cost estimation is a game-changer. It analyzes historical data to predict costs.

Leveraging historical data and benchmarking from previous projects is an effective strategy for cost estimation and budgeting. By analyzing similar past projects, construction managers can identify patterns, trends, and potential cost drivers, One affordable construction management solution to power efficiency across mega projects. Keep all RFIs, submittals, change orders, drawings, models and reports in one platform and work on it during each budget review to have real budget and Benefiel to your project.

Construction project Budget, by definition refers to a quantitative allocation of resources, Allocating and planning these resources at the beginning of a construction project is a must for project managers. so that every successful construction project is a combination of quality, time, and budget. While quality and time are essential to it, the project budget remains the key factor. On other hand, the contract type should be supported to constructability plan and the cash flow to assure smooth operation which will assure a control budget especially contract provision that allows for an automatic increase in the agreed-upon wages or prices if certain conditions change while the contract is in effect.

Benchmarking &Parametric estimation is a technique that uses statistical data and mathematical models to calculate the cost of a project based on its key parameters, such as size, scope, complexity, location, and quality. Unlike other methods that rely on historical data or expert opinions, parametric estimation can account for the variability and uncertainty of different factors that affect the cost. Parametric estimation can also be updated and refined as the project progresses, providing more accurate and reliable forecasts. Parametric estimation can help you reduce the risk of overruns, optimize the allocation of resources, and enhance the quality of your deliverables.

Based on my 35 years of experience in the building construction the most accurate means to cost estimation heavily relies on using past performance as long as you have continuous flow of recent projects with similar scope. The other aspect of it is how accurate the quantity off is. Often times the errors in take off , especially related to fast and numerous changes, are the main source of errors in detailed estimates.

I can't stress enough how transformative BIM has been for us. Seeing the entire project unfold in a digital space has revolutionized our cost estimation. The 3D models allow for meticulous quantity takeoffs, helping us catch potential cost issues well before they become on-site problems. It's like having a crystal ball for budget planning.

BIM's ability to provide a detailed, collaborative, and data-rich environment supports cost and budget management in construction projects by offering better visualization, accurate quantity takeoffs, lifecycle cost analysis, and facilitating informed decision-making throughout the project lifecycle.

BIM is very useful in building construction and other types of standalone construction, however, using this technique gets tricky while using in linear and diverse/dynamic projects like Railways infrastructure, etc. where parametric estimation would be much useful. The type of construction projects affects the technique that should be used for estimation.

Hoje no Brasil todas as obras de infraestrutura tanto no setor privado como em obras públicas o processo BIM é exigido. Dentro de muito pouco tempo não haverão obras sem utilização do BIM. As construtoras que não estiverem preparadas perderão muito espaço no mercado.

BIM is IT applied to building, aiding planners in listing tasks, materials, and identifying risks for smarter project management and cost estimation. Enhanced by AI, it boosts efficiency. For instance, it can auto-generate a construction schedule and foresee delays, ensuring cost-effective project completion

Cloud-based software is a game changer for construction. Obvious benefits such as seamlessly connecting the office & the field, no more scalability issues, and so on are clear to most IT managers and users. I think the most overlooked benefit of cloud software is that it comes with out-of-the-box publically available APIs. In the past, it was a nightmare and sometimes impossible to connect on-prem ERP with on-prem estimating or construction management software. This created silos in the project and within companies. Although the availability of APIs is not directly connected to being cloud-based, the two things are strongly correlated. So cloud-based software for construction means easily working together on projects rather than in silos 💪

BIM modelling has enabled accurate assessment of the built elements in construction. However, costing has proven unpredictable since Brexit and Covid. In the ideal world the industry needs to develop software to pick up the ever changing trends in both material and labour costs. Tendering accurately at this time is pretty much impossible.

Cloud-based construction management software offers advantages such as accessibility, scalability, and real-time collaboration. These platforms allow project teams to manage budgets, track expenses, and monitor progress from anywhere with an internet connection, leading to improved accuracy and efficiency in cost estimation and budgeting processes.

Thanks to cloud-based software, our team operates in real-time harmony. Whether someone's at the site, in the office, or on the go, everyone's working with the same up-to-date information. It's streamlined our communication and made collaborative budgeting not just efficient but practically seamless.

Cost estimation and budgeting are essential aspects of construction management. To ensure project success, it is important to stay updated with the latest trends in cost estimation and budgeting. These include Building Information Modeling (BIM), Data Analytics, Cloud-Based Software, Artificial Intelligence (AI), Virtual Reality and Augmented Reality (VR and AR), Parametric Cost Estimating, Life Cycle Costing (LCC), Risk Analysis and Management. By embracing these trends, construction managers can improve their cost estimation and budgeting processes, minimize cost overruns, and enhance project outcomes.

Incorporating AI into our cost estimation process has been a revelation. The algorithms analyze heaps of data, learning from each project and improving estimate accuracy over time. It's like having a virtual assistant that gets smarter with every job, helping us make more informed decisions on the financial front.

Project complexity quickly removes the ability for a human being to correlate all of the associated data that can and will impact cost. Today our construction environment does not have the data richness and length of time required to fully enable AI and allow for those correlations to be found across vast data sets with seemingly unrelated outputs. AI is only as powerful as the data used to train and maintain the outputs but once you have that information stored in ways that it can be understood by a computer, you unlock the insights that can be used to predict outcomes with much greater accuracy. Today I am using AI to help me estimate projects via drawings and OCR but in the near future it will be a driving technology in every pm toolbox

A Inteligência Artificial já é uma realidade entre nós. Dentro do processo de custos orçamentos e gestão de obra, trará grandes vantagens e muito mais agilidade. Na minha opinião a AI e o caminho natural a ser seguido em todas as áreas

Embracing the power of Artificial Intelligence (AI) in construction management is a game-changer. By enabling machines to tackle complex tasks, from precise cost estimation to automating repetitive processes, AI brings efficiency and innovation to the forefront. The result? Enhanced cost performance, improved quality, and newfound avenues for strategic and creative initiatives. The marriage of AI and construction management is reshaping industry dynamics, offering a glimpse into a future where technology elevates our capabilities and outcomes. #AI #ConstructionManagement

Manejar el Data Driven de la obras con Phyton o representarl en Power BI es la próxima tendencia en gestión de obras o a mayor en empresas 💪🏼

We've fully embraced lean construction principles, focusing on efficiency and waste reduction. Collaborative planning and continuous improvement have become second nature, translating to more accurate budgeting and effective cost control. It's a mindset shift that impacts the bottom line in the best way possible.

La misión de una planificación colaborativa es advertir y mitigar las actividades que no generan valor. Este enfoque optimiza la producción y da pie a la mejora contínua. Para garantizar el funcionamiento de esta herramienta debemos controlar sus resultados a corto plazo. Una herramienta de planificación sin control se puede transformar en una actividad sin valor.

Lean construction works to minimize waste as much as possible. Instead of tossing discarded materials into the trash, lean construction tries to find a way to reduce the project's waste of physical materials to save money

Lean construction focuses on delivering value with the least amount of waste in terms of time, materials, and resources. Effective cost estimation and budgeting play a crucial role in lean construction projects.

Lean construction is the amazing idea to eliminate waste and maximize value in the construction process. Why is not everyone embracing it, if it is that simple? Because the question of whom to maximize value for is often not clarified or put into contracts. Should lean construction optimize value for the owner or a GC - and if for either or, why should a subcontractor optimize for that? Lean construction only unfolds its potential if everyone involved in a project benefits from working in a collaborative approach. In other words, lean construction works best, independent of the lean methods used, if you optimize for project success and split the benefits fairly! among all stakeholders.

Target value design , instead of Value engineering, using digital engineering frameworks would be a good way to look at cost management in construction projects !

This is a very important question and one which has seen a lot of negative press with high profile projects going way over budget. There is a huge of skill and expertise required to interpret this properly. With a sound qualitative data then AI can do the mechanics. It’s is then about the evaluation of the RISK inherent in the project.It is unlikely that the design will be fully completed and there will be other unknowns. Identifying these and placing an appropriate evaluation on them is key. This requires judgment which will be unique. I am sure that AI will get there but for me right now a blend of SCIENCE & ART is needed. Vis it’s not just adding up the numbers.

Pandemic era has changed the construction industry outlook. With labour scarcity vs availability will define timely deliveries and thus in turn cost feasibility. So in my opinion, adoption of new technologies such as Prefab buildings, where labour requirements are comparatively less and its ultimate ROI should define the cost.

Selecting cost estimation and budgeting methods in construction management should be tailored to each project's specifics, considering scale, complexity, and client needs. Integrating various techniques like parametric estimation, BIM, AI, and cloud-based software offers more accurate results. Customization is crucial, adapting tools to project requirements and being flexible to changes. Utilizing big data for analytics and including risk management tools enhances prediction accuracy and prepares for uncertainties. Establishing feedback loops for continuous improvement and staying informed about new technologies and methods are essential for refining the estimation and budgeting process in future projects.

Effective cost estimation and budgeting trends in Construction Management include: 1. Building Information Modeling (BIM) for detailed digital project representations. 2. Modular and Prefabricated Construction to reduce costs and construction time. 3. Advanced Software and AI for precise data-driven cost estimations. 4. Sustainability and Green Building for long-term cost efficiency. 5. Lean Construction Principles to minimize waste and maximize value. 6. Integrated Project Delivery (IPD) for collaborative, accurate budgeting. 7. Risk Management Tools for early risk identification and contingency planning.