Planning ahead is critical in construction, tying together all aspects of an organization, from financials to rostering. Construction workforce management (WFM) answers many of the questions associated with forecasting, such as where your people are going next, how closely you’re sticking to budget, what your backlog looks like and much more.
Let’s dive into 4 key ways cloud-based WFM supports accurate forecasting.
1. Holistic Labor Planning View
Accurate forecasting starts with a holistic view of every stakeholder, dollar and material. A solid labor plan provides a deep understanding of your people and processes. When paired with the right technology, your team is set up for success. Construction WFM makes it easier to choose the right person for the job every time by providing clear insight into who is qualified, certified, available and ready to work. A solid labor plan further informs earned value analysis and helps teams avoid margin fade.
2. Hiring, Training and Retaining with Workforce Management
When done correctly, proper construction WFM supports the understanding of where gaps exist in current workers and who needs extra training. In turn, this allows organizations to retain the right people and seek out new employees where needed. Cloud-based WFM keeps track of who has active certifications, who needs to renew them and who is ready for further development, making it easy to identify qualified employees to get the right person on the right project.
3. Staying on Budget Ahead of Time
Proper forecasting also allows teams to stay on time and on budget by looking ahead with a solid labor plan. Cloud-based WFM provides the right team members with visibility at appropriate permission levels to look into the future and make smart financial decisions. Especially during the construction labor shortage, every dollar needs to make a real impact on each project. With digital construction WFM, teams can identify down to daily burn, making every cent work to create the best project with the right people.
4. Learning From the Past to Plan for the Future
Whether teams are looking a week, a month or even a year ahead, they can learn from the past. Construction WFM allows contractors to look into their backlog and make educated decisions about future labor planning based on how their teams performed on previous projects with similar circumstances and deliverables. Whether pre-fabrication was a factor, or superintendents needing to bear in mind who’s retiring, there are a variety of aspects to consider, and cloud-based WFM is here to support every one.
To learn more about construction WFM and how it can help your organization forecast ahead, book a demo today.