Project leaders are increasingly realizing that their success depends on their organization’s ability to process, manage, filter, keep and leverage information. We live in the age of information and therefore, we understand that our ability to sort through the barrage of data that surrounds us is critical. We need to extract meaningful information from the cloud of data which surrounds us, and then use that information to achieve business advantage. In speaking and interacting with business leaders and project leaders, we have have found a common source of frustration that begs a very important question: How do we manage information to become better at what we do? We cannot make sound decisions without good and timely information. The management of information is a key driver for success in construction. It impacts the following:
Estimating
Purchasing
Staffing
Contract Management
Scope Management
Planning
Logistics
Financial
Record Keeping
Legal and Insurance Documentation
Accounting and Tax Reporting
Sourcing
Materials Management
Scheduling
Quality Assurance
Project Closeout
Tracking of Lessons Learned
Sustainable Profitability
Long-term Survival
PLG is focused on raising industry awareness regarding information management, and ensuring that we remain sensitive to the manner in which we process, and filter information within project teams (and across project platforms). There are significant opportunities that stem from information asymmetry in the industry. The key is to change our mind set and recognize the fact that we are purveyors and consumers of information. #information #projectmanagement #informationmanagement
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