Eliminate Waste and Increase Profits
Global construction will grow by 67%, from $7.2 trillion today to $12 trillion in 2020. However, the industry wastes more than $120 billion annually in the United States alone because of out-of-control delays, cost overruns, and other inefficiencies. The AEC industry needs to industrialize and standardize, much as manufacturing industries did decades ago, by leveraging design collaboration, prefabrication and modularization.
The construction industry has been moving towards the industrialization of construction, based on lean construction principles and practices, to refine the end-to-end design and construction process. McGraw Hill Construction published the “Lean Construction Smart Market Report” which reported the latest Lean Construction adaption.
Lean Construction provides four key benefits. The first benefit is maximizes profits through visibility. Real time project status will identify tasks which cause lost profits. Additionally, there is a link to procurement which enhances cost control. The second benefit is improved cash flow. Better measurement of work breakdown and completion times will result in earned value approach. This, coupled with prefab delivery, will result in earlier payment. The third benefit is single 3D version of the truth. 3D visualization results in clear understanding of a complex project through a common language. Workers at all levels can understand their specific role and how that fits in the grand design. The fourth benefit is minimized waste and higher profits. Achieve Lean Construction and minimize waste with an executable and reasonable plan based on the real state of the project in real time.
Lean Construction 3DEXPERIENCE solution provides a collaboration based project backbone that enables centralized project and data management, construction simulation for better planning and execution, and the right information to be available to the right people at the right time.