Construction project management is always going to be a complex and stressful job. There is no quick fix available to make it a simple task. However, there a few trends in the Construction industry that have the potential to be a great supplement to this task. The 21st century has already seen some remarkable innovations in this domain but 2020 is the year to look forward to for even greater evolution of the construction industry in terms of project management. So let’s have a look at the top trends in 2020 to watch for construction project management.
Construction project management software is one of the most popular tools which greatly increase the productivity and efficiency of the project by providing services such as scheduling, budgeting, transparency, and various other features. However, for the existing experienced project managers, it has always been a challenge to work with such software.
This is why the current advancement in the user interface (UI) and user experience(UX) is the trend to watch out for. By providing a more user-friendly interface, the software industry aims to achieve more acceptance from the construction industry. The advancement in UI/UX will essentially eradicate the question “What if the project manager is not tech-savvy”?
Mass Adoption of CPM Software
The construction industry has been reluctant to the adoption of new IT software and the last decade has experienced slow acceptance of project management software into this industry. But looking at the current situation, 2020 is bound to see some major transformation in this area.
While the IT sector has been working continuously towards developing better and customized solutions for the construction industry, the businesses have also started to recognize the benefits of incorporating this software into their projects. Some major businesses which are the early adopters of such software are becoming the torch-bearers for this purpose by gaining more productivity and growth.
Building information modeling
BIM or building information modeling is the process of creating 3D model structures that helps in managing and planning the infrastructure of the buildings. Furthermore, this process also helps in identifying the potential risks and creates a better presentation for the stakeholders.
In addition to its current popularity, 2020 will experience the integration of new technologies like Artificial intelligence and machine learning with BIM which is a combination to watch out for. This means that the software can automatically prepare a 3D design based on previous data of similar inputs which reduces the efforts and time of the team and allows them to focus more on optimization.
Integration of Virtual/Augmented Reality
Augmented Reality (AR) and Virtual Reality (VR) are a blessing to the construction industry. While augmented reality creates a real-world environment, Virtual reality creates a simulated experience.
With a digital visualization and a virtual experience of how things might turn out or how to complete a certain task, AR and VR provide the following benefits:
- 3D visualization of infrastructure and construction process
- Tangible pre-construction infrastructure
- Effortless and budget-friendly architectural and structural changes
- Safety training through a virtual environment
- hazard simulations
- Efficient project staging
AI and ML
Artificial intelligence and Machine learning have been the major revolutionary technologies of the last decade and are believed to be the future of every industry. The construction industry has been preparing for a major transformation through the integration of AI and ML and 2020 is the year.
The use of AI to predict possible outcomes of a project based on advanced calculations and computations made on the previous data of a similar project is a delight. While the role of machine learning is to automatically detect the areas of improvement and lead to lesser risk as compared to the previous projects. Having AI and ML will be like having a brain exclusively for your project which is thinking 24*7 about how to achieve better efficiency and productivity.
Blockchain has been the headline of many news lately including its revolutionary applications in various industries. The construction industry is also ready to experience its power. The concept of smart contracts introduced through blockchain has solved the oldest query in the book of construction businesses of how to get faster, secured agreements.
Through smart contracts, processes like buying, tracking, or paying which usually takes days for completion can now be completed in just a few seconds. Without the need for physical presence, all the parties involved in any form of decision or transaction can achieve an agreement along with the legal conditions required. This information will be contained in a document that will be digitally signed by all the involved participants and a copy of that document will be shared between them.
Apart from the obvious benefit of fast agreements, a smart contract increases transparency and trust and also eradicates the need for a third party to achieve a common legal agreement. When the organizations look back to this year in the future, they will remember the advancement in the construction project management and the integration of revolutionary technologies such as AI, ML, and Blockchain which led to the tremendous growth for the construction industry in terms of productivity and efficiency.