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4 Common Project Management Challenges Faced by Modern Construction Companies

With the shrinking workforce available to the construction industry, daily reports, safety meetings, project timelines, budgets, and people to manage doubled, tripled, etc. by the number of projects you are running at any one time—multiplied by the endless challenges faced by a modern construction company can quickly become a limiting factor to a businesses success.

With the shrinking workforce available to the construction industry, daily reports, safety meetings, project timelines, budgets, and people to manage doubled, tripled, etc. by the number of projects you are running at any one time—multiplied by the endless challenges faced by a modern construction company can quickly become a limiting factor to a businesses success.

Let’s break down 4 of the most common project management challenges faced by modern construction companies:

Overlapping Timelines and Budgets

Managing multiple projects with overlapping timelines and budgets without all the data from the field in real-time. With most construction projects going over their timelines by more than 60% in 2020, knowing exactly where your project sits at all times is key.

Keeping Accurate Budgets

Keeping a budget that accurately factors labor costs, supplies, external vendor charges, and reworks is a constant battle. Add to this multiple projects with the same demands. Keeping projects under budget while having access to comprehensive cost data is essential for a construction business to maintain profitability.

Lack of Communication

Between spreadsheets shared 15x over, endless email chains, and a lack of buy-in from stakeholders, the breakdown in communication between the office and those in the field can be instrumental in any construction project’s failure. Costs due to rework, higher human error instances, and mistrust between departments quickly add up and derail your project’s progress.

Lack of Data

A successful business runs on real-time data. From budgets, timesheets, materials, equipment usage, and every other data point in between, the ability to run real-time reports to identify inefficiencies and recommend solutions is monumental. Not having this data puts you at a constant disadvantage as a business.

Luckily, these 4 common project management challenges can be easily mitigated with the implementation of mobile project management software that puts your business’s data in the hands of everyone who needs it.

As construction management tools and software continue to evolve, an all-in-one software platform like Traqspera has become a vital member of any construction business. Traqspera’s construction management solution is hosted in the cloud, allowing you to connect the office directly to the field for more accurate, timely data and decision-making abilities.

Mobile forward, cloud-based programs empower employees to work faster and smarter – ultimately making your projects more profitable. 

For more tips on solving project management challenges on your next construction site, check out our blog for more tips on streamlining your construction business. If you would like to see Traqspera in action, set up your free Traqspera demo today!

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