There’s a difference between having construction data and using construction data.
The good news is you already have all the information you need to make improvements to your margins, scheduling and construction workforce management practices. It’s waiting for you to take action.
Data, when integrated with the processes and goals of your organization, can transform your business. Here are the 4 steps to make your construction data useful.
Step 1: Make Data Available Between Systems
You have data for all the people and projects in your company. The challenge is that it’s often locked inside the software or whiteboard you’re using to track projects. There’s no value in collecting data if you’re not going to put it to work for you.
Construction data only becomes useful when that information is available across your systems. As opposed to a physical whiteboard that is static and difficult to share, a cloud-based, digital workforce management platform gives all of the key decision makers the ability to compare completed and current projects using data that originates from your source of truth.
Step 2: Identify Your Target Goals
Once the right members of your team have access to project information, it’s time to establish a project roadmap.
The key to using your data is to establish specific goals. You wouldn’t start a project without a budget. You have to look at data the same way. It won’t be useful unless you identify the benchmarks relevant to your labor and job sites.
Step 3: Analyze Your Data
With your goals in place, you can start to critically analyze construction data to understand where you may be experiencing margin fade. With a digital workforce management platform, you can examine your company’s pipeline or break down the numbers by specific teams or projects.
One of the most common misconceptions about becoming a data-driven organization is that the data makes all of the decisions. This is not true. The power of harnessing your construction data comes from the combination of the objective truths (data) and your years of accumulated industry and company knowledge. Gut feelings have value. Take them a step further by being able to back them up.
By designing custom fields and drilling down into the construction metrics that are relevant to your success, you will understand more about your labor pool and labor spend.
Step 4: Make Data Transparent
To be effective, the people in your organization need to know what’s actually happening now and what will happen in the future.
People can’t know what they can’t see. When data transparency in an organization increases, so does the effectiveness of communication and decision making. Knowing for a fact that team members are operating off of the same base of information is critical to ensure you are moving forward, as a unit, in the same direction. Field and office staff remain aligned, morale improves, accountability becomes part of your corporate culture and uncertainty is a thing of the past.
Every day you’re collecting data. But if you don’t put it to use, you’re not taking advantage of the knowledge of your team.
LaborChart provides a blueprint for learning more about the data you have by integrating with your existing software platforms and establishing a plan for putting that data to work. Reach out and unlock the potential of your data.