Smart Buyers Guide to Construction Project Management Technology

Nov. 1, 2010

An evaluator’s guide from technology research firm, Vital Analysis, part of TechVentive, Inc.

The industry’s best Real Estate firms seek out excellent operational processes. And no matter the economy, best-in-class companies license new software technologies to achieve this. Why? Some have outgrown prior solutions. Some are looking for new process efficiencies. Some firms have acquired companies and need a more robust solution. Some need new capabilities to manage their firm.

This in-depth guide is specifically designed to provide organizations like yours with the decision making tools needed for a successful software selection.

Today’s buyer of construction project or infrastructure lifecycle management solutions is often reacting to a number of new market demands and economic realities. Firms need excellent processes as tight capital has meant a lot of competition, low margins and no room for inefficiencies or waste.

The bottom line is that to win the new work, Real Estate firms may need a better class of solution. Simple spreadsheets just won’t cut it anymore.

Download the complete Smart Buyer's Guide to Construction Project Management Solutions

This buyer’s guide is designed for property owners and any executive within an organization that is looking at new project management technology solutions to increase process efficiencies and provide more visibility into program and project data. More specifically, this guide is for construction managers, project engineers, real estate executives and line-of-business executives. It should help them equip their organization with the business and decision making tools needed for future technology success.

There is a smart way to select a construction project or infrastructure lifecycle management solution provider and this guide lays out a quick seven step process to do so. Each section highlights many of the major issues your firm should consider in making a great selection decision. At the end of each section is a checklist for your organization to complete, before moving on to the next step.

The Smart Buyer’s Guide details each of the seven steps best-in-class companies should take when evaluating and selecting software solutions.

The first two sections provide the background you need to evaluate the kind of solution you require and how you want it delivered. Vital Analysis discusses the different types of software a firm could use (e.g., from simple spreadsheets to full-blown infrastructure lifecycle management solutions). They then cover your options from licensed on-premise software to software as a service (SaaS), as well as hybrid solutions.

Next, Vital Analysis describes the preparations your firm will need to make before launching the selection process. This includes the importance of executive sponsorship and how to assemble the selection team that any successful selection effort requires. We then cover the tasks your firm must complete if it is to make a great software selection that meets the current and future needs of your business.

Vital Analysis has also included guidance on evaluating and selecting solutions, including the design and use of business case scenarios. To make that topic even more valuable, they have added a number of relevant business case scenario examples in the Appendix.

Scenarios effectively highlight how different providers’ solutions will (or will not) solve material business issues of your firm.

They have also included a short section on the software demonstration process and how you can maximize the results of that effort.

Finally, Vital Analysis has added a section that should help you communicate the selection decision to others within your firm.

In summary, this buyers’ guide:

  • Helps your firm get a software selection effort organized quickly.
  • Collapses many of the best ideas in construction project management solutions into one, easy-to-read, structured publication.
  • Accelerates your learning curve.
  • Leverages your pre-existing software purchase experiences.

To access the entire Smart Buyer’s Guide from Vital Analysis, visit the Meridian Systems Information Library: http://my.meridiansystems.com.

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