Solutioning data collection for KPI insights on construction jobsite
Construction KPIs face a practical hurdle of data collection at the job site- Technology offers a selection of tools to solve the construction project management challenges
KPIs are essential for improving construction projects; however, data capturing is a significant hurdle for most. While most industries are using metrics and other data led tools to manage projects efficiently, construction sites never seem to quite get around to embracing technology in this way.
Construction management involves moving many pieces, all set in order by project managers. Sometimes data points can be overwhelming, and the sheer volume makes interpretation difficult for PMs.The analytical process of establishing a set of KPIs is an opportunity to identify the right metrics that truly matter. Here, opting an easy to understand format is excellent for businesses to cut the unnecessary jargon; thereby ensuring the message lands. Access to advanced digital technology and data-gathering tools let construction companies gather much more information at various phases of the project life cycle. Here are a few ways or technology solutions to capture data for KPI insights:
Smartphones and tablets have made data input from construction job sites more accessible. With the help of advanced digital technology and data-gathering tools, construction companies can now gather information across various stages of the project life cycle. Mobile technology helps track site issues faster and improve work output and quality. With access to real-time site data, companies can accurately predict what key performance indicators (KPIs) are likely to reflect their project’s performance.
With their ability to record real-time site videos, drones have become a vital tool for data collection. Drones can safely collect large volumes of accurate data that would otherwise be dangerous or difficult for humans to manage. The arrival of drones has given engineers an innovative and flexible platform that can hold multi-sensory equipment like high-resolution video cameras. Drones can also help collect data rapidly - saving time and money.
Multi-tasking safety gear with sensors and cameras
Smart clothing and multi-tasking safety gear serve many different purposes on a construction site. Sensors and cameras can be attached to safety helmets or vests of onsite personnel. Construction companies can use innovative equipment such as strap-on cameras or hard hat cameras to capture raw footage. The recorded data can be analyzed using AI and processed into actionable data points.
Manual data collection processes and generic software programs such as spreadsheets or word processors usually result in delays and incomplete or inaccurate data. Getting accurate data doesn't have to be problematic. Thanks to integrated construction software, companies can collect job site information in real-time. Modern construction technologies are helping contractors experience automated data collection. Access to relevant data points makes it easy to pair site data with powerful tools that can tell contractors if there is a problem at the site or if any adjustments are required.
Historic data reference
One of the easiest ways to manage metrics is to start with ones that you already have available. While historical data points are the easiest to compile, they are also the most difficult to consolidate. It makes sense to organize your firm's Key Performance Indicators around financial and operational data to make it easier. Financial KPIs will allow you to get a final, absolute picture of how your business strategy has contributed to revenue and compare it against operating cost. Operational KPIs help you comprehend how actions impact your final margins.
Today's technology makes data capturing possible with higher accuracy and real-time, but the convenience can quickly become a cost centre. Before choosing a data collection method, consider each technology's associated costs and value. Mobile and software demand upfront cost and manual input, while drones require regular care and maintenance. IoT mesh needs a physical space for installation. Nevertheless, KPIs are a critical addition to the management toolbox now, once you choose a fitting solution.