Information Technology has brought immense efficiencies to factories and supply chains, making them faster and more responsive. IT has transformed nearly every industry one can think of and conferred real competitive advantages to its early adopters. However, those transformations and competitive advantages have largely bypassed construction.

It’s not for lack of trying. The industry spent more than $2 billion on IT in 2020 alone on “solutions” that ranged from advanced planning and scheduling to real-time data and management dashboards. But none of it is working. Information technology is yet to deliver on its promise to the Construction Industry, which is undoubtedly one of the largest industries on the planet.

Even a casual look reveals that construction projects still look a lot like they did 20 or even 50 years ago. Even today, most construction projects are often managed on gut feel instead of systematic information and insights. Too often, they’re grossly late and over budget. A lot of money is being lost in the process, and progress is stalled. It’s fair to ask the question: Why? What exactly is going on?

Source: Project Control Academy

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