What is construction management software?

Despite its growing popularity among builders big and small, construction management software has remained a virtually untapped technology for many construction companies. The persistent question has always been what is construction management software? Aimed at making construction business processes easier, construction management software, by definition is a project management tool designed specifically for construction professionals. This kind of software offers a range of benefits to members of the construction industry, streamlining processes that used to be done manually, which include communication, decision-making, and job scheduling, among others. These are but some of the benefits that organizations can get from using construction management software. Such is the definition of construction management software. It is very much apparent that this secret is out as more and more construction firms are using this tool. In fact, the global construction management software market is forecast to grow at a CAGR of 9.19% from 2018-2022.

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Benefits of Construction Management Software

Construction management tools have significantly improved the construction sector in terms of productivity, efficiency and company competitiveness. The features of construction management software typically help builders automate their work and documentation processes, which are essentially the purpose of construction management software. In this section, we do not just look at software features, we also try to give a picture of how construction management software work.  Many programs integrated in such tools have taken over tasks previously held by project managers, design engineers and architects. Construction firms at one time or another have used solutions in cost estimation, accounting, scheduling and computer-aided design. These are but some of the advantages of construction management software.  As vast as the features that some solutions may offer, essential functionalities that most companies need must be fulfilled. Here are some of them:

Accounting

As project cost and expenditures must be closely monitored, a project construction software must be able to integrate with other business accounting tools. This feature helps managers handle multiple projects at any given time. It must likewise be able to automate processes such as accounts receivable, payable, and payroll, among others, while being able to adjust in accordance to client preference.

Job Costing

A construction management solution must be capable of setting standard rates for company services, defining costs and monitoring time expenses. This functionality should also manage project schedules and boost productivity.

Service Management

The ideal construction management software must be able to manage and dispatch work orders, create schedules, allocate assets and resources and book jobs. Advanced solutions, meanwhile, have the capability to assign jobs to the nearest technicians as they are equipped with GPS technology.

Project Management

This feature basically automates every detail of construction project management. These include resource planning, team collaboration, project progress tracking and integration of incoming client requests. Automation of resource management across a number of projects and project schedule updating are also achieved

Job Scheduling

This functionality aids in task scheduling, equipment or worker allocation over multiple projects. It must also be able to balance workloads while being capable of immediately re-balancing when needed. Laying out project timelines and allocation of resources and manpower should also be addressed by such system.

Reporting

Construction management software should be able to give managers control over project data. Decision making and creation of data reports are also enhanced through the creation of project analytics reports. This capability produces real time, accurate data reports and can export them to third-party software. These in turn aid managers in evaluating project status and risk identification.

Document Management

 A key feature of construction management software is its ability to manage pertinent documents. Such software enables companies to create workflow data reports using a single platform. Doing so greatly helps boost productivity, workflow processes and information security. The system should also be able to integrate with other business productivity tools.

Inventory Management

Inventory management capability essentially eliminates write-offs, do quick inventories, quickly find lost inventory and monitor on site assets. It likewise assists project managers in resource and equipment distribution.

Equipment Management

This feature enables managers to not only allocate equipment across projects, it can likewise record equipment maintenance needs and identify which equipment can be deployed. It also allows for the streamlining of maintenance and schedules, ensure performance and boost efficiency. Alerts are also sent out during situations when specific equipment are required.

Mobile Capabilities

Lastly, construction management software must be able to support both desktop and mobile devices. This is usually accomplished by software deployed using cloud technology. With this capability, key personnel can access data even from jobsites. Meanwhile, web-based software facilitates review of project specifications, equipment and worker schedules and job progress, among other considerations. It can help managers make quick decisions without having to go back to the office to consult the departments involved.

Why Use Construction Management Software?

On Site Accessibility

Most cloud-based construction management tools can be accessed from virtually anywhere at anytime. This effectively eliminates worries about timely job completion and the need to go to the office to rush tasks.

Working With Teams and Other Groups

 With construction management tools, project managers can huddle with teams, subordinates, and suppliers, among other key groups. This will result in smooth workflows and accurate job estimates. Its online nature will enable much needed collaboration among those involved in a particular project.

Accurate Monitoring

Construction management solutions can accurately monitor everything about a construction business. These include suppliers and equipment and supplies that are needed to complete a job on time. This likewise leads to improved service quality by boosting team workmanship.

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