Oracle Construction and Engineering’s Post

It's back! Arcadis 2024 International Construction Cost Index (ICC 2024) was released last week. From its insights, we see a keen focus on the exploding demand for construction in the advanced manufacturing, technology, and data center sectors is necessary. These critical investments have created even more challenges for clients in these fast-moving markets so we have made the move to host a webinar to share our thoughts and recommendations. Please join our deep dive webinar for expert insights and strategic guidance. During our webinar, we will explore the insights of the International Construction Costs (ICC) 2024 report and examine how you can effectively navigate resource-constrained markets to ensure projects meet their target end date. Use the link below to secure your spot now for our panel discussion and interactive session. Hear our industry experts discuss: - Construction market prospects - insights into key regional trends - The importance of productivity-led design - enhancing project viability and delivery certainty - Discover our 5-point review framework and how it can guide you in finding opportunities to boost delivery performance on complex programs

🚀 Unlocking the Power of the 5 Case Model for Successful Infrastructure Projects! 👋 The 5 Case Model methodology - the G20 adopted best practice for quality infrastructure project preparation standards - brings a structured, disciplined, and transparent approach to planning and executing projects. 🛠️ What is the 5 Case Model? 🛠️ It's a comprehensive approach to project planning and execution, broken down into five critical components: 1. Strategic Case: Aligns the project with broader organizational goals. 2. Economic Case: Evaluates value for money by balancing benefits against costs. 3. Commercial Case: Details procurement strategies and supplier capabilities. 4. Financial Case: Outlines the financial feasibility and funding plans. 5. Management Case: Focuses on governance, roles, and monitoring mechanisms. 🔍 Why It Matters? Successful infrastructure projects aren't just about pouring concrete and steel; they are about thoughtful planning that considers: Is the project strategically important? (Strategic Case) Will it provide good value for money? (Economic Case) Can it be procured effectively and fairly? (Commercial Case) Is it financially sustainable? (Financial Case) Is there a clear plan for management and governance? (Management Case) 💪 Call to Action! If you’re involved in infrastructure projects or are thinking about initiating one, I highly recommend considering the 5 Case Model framework. It’s a game-changer in delivering successful and sustainable projects. Feel free to connect with me to learn more about how this methodology can benefit your next project! 📜 Proud to have recently earned my certification after completion of the course from Infrastructure and Projects Authority (IPA), ensuring the highest standard of competency in applying this powerful tool. #Infrastructure #ProjectManagement #5CaseModel #StrategicPlanning #EconomicValue #Procurement #FinancialManagement #Governance

The primary objective of our latest study is to close knowledge gaps in construction information management (CIM) by shedding light on the implementation and impact of digital technologies in the construction sector for effective and efficient information management. This is attributed to the need for more thorough knowledge among construction professionals on the implications and efficacy of incorporating digital tools in construction information management. The study offers valuable information for upcoming initiatives that support digital transformation through construction methods. The results instruct the government authorities to help them focus their efforts and distribute their resources more effectively. Implementing digital approaches for information management in the construction sector has the potential to promote sustainable economic growth and better resource utilisation. Read up @ https://lnkd.in/decB8wkp, Towards the Uptake of Digital Technologies for Construction Information Management: A PLS-SEM Approach. #constructioninformationmanagement #digitalisation #sustainableconstruction

On-time and on-budget: digital construction management tools make it possible. Discover how technology can streamline your project timelines and costs. #mansycom #mansycomconsultants #DigitalProjectManagement #innovation #technology #management #digitalconstruction #bimtechnology

Assessment and Need Stage: The Assessment and Need stage is the initial phase in the information delivery cycle for projects. It is regarded as the most crucial stage for effective information management. This phase establishes the foundation for all subsequent information management processes, strategies, and decisions throughout the project. It also shapes the long-term asset information strategy and, upon completion, triggers the Invitation to Tender process. What is Assessment and Need? -The appointing party (Client) are responsible for identifying and engaging with one or more individuals to undertake the information management function in respect of the project - It is essential for individuals performing the information management function to possess the necessary knowledge and skills. Key Functions: - Appoint information management functions - Establish Project Information Requirements (PIR) - Define project milestones - Establish information standards - Establish Information procedures - Establish reference information and shared resources - Establish information protocol The Assessment and Need stage establishes the foundation for effective information management, ensuring the project starts on the right track. Mistakes or oversights at this stage can have cascading impacts throughout the project lifecycle, making it crucial to prioritize a well-structured and comprehensive Assessment and Need phase. #BIM #informationmanagement #CDE #constructionmanagement #innovation #digitaltechnology #construction #AECindustry

When time and money expenditure start deviating from our predictions, construction has great ways to document the process producing bautiful dashboards to quantify the deviations. Unfortunately it is less common that we have the information readily available and usable at a granular level to understand why. What is the influence of the ground? Is my prediction wrong? By how much? Are my productivity assumptions wrong? Where am i losing the time? Is quality a problem leading to rework? This is where MissionOS comes in, recording all that details so that engineers can build the analytics and put their fingers on the source of the problems and design solutions. Look out for the MissionOS new Construction Framework rollout this year.

Our latest article is now available! Do not forget to read our newest article where we talk about digital transformation in construction management. You can also read our article on our website https://lnkd.in/gcNN74NA 💙 #constructionmanagement #constructionindustry #teamworx

Want to see how your construction business compares to your peers? Take part in an industry-wide benchmarking survey to see how you compare on things like profitability, number of successful tender submissions, and technology adoption: https://lnkd.in/dvukvv_f #construction

Did you know that thanks to the new IFC 4.3 standard, you can classify your projects entirely based on the Spatial Breakdown Structure? We can divide each project into main areas (ifcSite), then further divide these areas into smaller plots (ifcSite), and those in turn into disciplines (e.g., ifcRoad), and disciplines into parts (e.g., ifcRoadPart). Such an approach greatly facilitates the management of large infrastructure projects. In Quadri, we have developed tools that facilitate such division. Additionally, we don't need to export the entire project, which means that in our CDE, we can have the project based on the main Spatial Breakdown Structure, and depending on usage, we can extract only a fragment of our project. What do you think about managing infrastructure projects this way?

🔥 Fireside Chat: Jonathan Reinhardt, NTI Diatec and Stephen Lynam, Office of Government Procurement just explored the growing role of BIM requirements in the Capital Works Management Framework. Their discussion focused on how BIM is shaping the future of construction projects in Ireland, enabling better information management and streamlining project execution. This conversation is a must-watch for anyone involved in construction project management! #DigiCon24 #CIFSummits Construction Industry Federation (CIF)