Everyone Likes to Pick a Winner
Risk is everywhere in business. Whether you’re a large or small company; or whether you run large or small projects – you are always running the very real risk that you’re project won’t succeed according to plan. How your business performs on a project however, goes well beyond just your own internal issues of cash flow and resourcing. The interdependencies that are inherent in construction projects means that what you do has a direct effect on your peer organizations and the owner. In other words: what you do is not just your own problem. If you blow it, you may end up blowing it for everyone around you. That doesn’t go over well – people talk. It’s in everyone’s best interest to know who delivers and who doesn’t. There are others out there watching you. Evaluating you. Building a database of metrics on you. Your company’s performance, your productivity, and your ability to deliver at a high degree of quality. You are being continuously monitored by those that are affected by you. One of the most popular features of procurement management software like 4castplus is its ability to gather historical performance metrics on vendors. Every shipment, every completed job, every item of communication from documents to emails, every milestone, every request for extension, every price change; and a ton more things are all captured and available to be reported on. Vendors get ranked. Vendors get compared and evaluated for future jobs. The owners and Engineering-Procurement organizations that are leveraging technology to collect performance information are the ones who are in a far better position to pick the winners in the crowd. It’s in their best interest to pick winners - they