Project managers are a primary differentiator between best-in-class companies and underperformers. Companies that understand and give their project managers the tools they need to succeed, consistently meet schedules and deliver higher profits. Learn how performance correlates with management practices and what you can improve.
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Preconstruction is a strategic lever for growth, margin enhancement and client development, not a mere estimating exercise. More than just a technical step in project delivery, preconstruction is where projects are won or lost.
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Organizations must grow strategically and not simply answer every client demand or proposal. There must be a fact-based approach to decision-making to be profitable.
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Focus on the things you and your business can control — like establishing and maintaining operational excellence. By emphasizing the fundamentals of best-in-class operational performance, you can cultivate resilience that allows you to win no matter what operating environment you’re in.
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Preconstruction is often misunderstood. While many firms still treat it as a transactional phase — a checklist of budgets, estimates and approvals — the best-performing contractors recognize it as something far more strategic.
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Having a strong QA/QC function and program is integral to successful projects. Here we outline several themes that will help you improve your internal QA/QC program and ensure that your efforts yield results.
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The best project managers often struggle once they’re promoted to project executives (PXs). While they bring world-class project leadership skills to their jobs, project executives also need new skills in their toolkits to succeed.
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In the second part of FMI's Labor Productivity Study, we dive into prefabrication. Understanding the current opportunities and challenges with prefabrication can help construction companies understand needed shifts in strategies and business models to successfully integrate it.
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As more market share trends toward collaborative delivery methods, sophisticated preconstruction services are becoming the foremost differentiator for general contractors and construction managers. Firms with strong preconstruction functions are positioned to win a greater share of the work and execute it more profitably than peers.
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Employers should make efforts to establish optimal environments through assessing and improving operational and labor practices to ensure that well-regarded talent stays with the firm during a slowdown.
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