In the world of high-stakes engineering, construction, and mega-projects, how you finish a project carries lasting impressions, particularly if you are an engineering firm or EPC charged with delivering “as-built” documentation.
So, you’ve got a skeleton in place for your next project: Objectives have been made clear, appropriate parties and personnel have been informed of their jobs and duties, and expectations have been set. You have in place a form of communication that works for you and you trust that all those involved are hard at work.
Though technology has rapidly advanced in the last decade, the common challenge of document control and management persists in engineering and construction projects. As project collaboration tools increase in number and capability, the global reach of our companies and supply chains creates a challenge – how to standardize, streamline, and consolidate collaboration around a single solution?
Every project has a lifecycle. From start to finish, mega projects are composed of complex operations executed by hundreds, if not thousands of individuals.
According to a report published in 2015 by McKinsey research, construction megaprojects have a 98% occurrence rate for time delays and cost overruns. Data indicates an average cost overrun of 80% of the original value and an average slippage of 20 months.
Document Organization and Control is at times an overwhelming task.
It is 2018, yet the age-old challenge of addressing the control and management of Engineering Documents persists. In many industries, ranging from new construction capital projects to revamping of existing facilities, documents are being created to enable safe asset operations.