Digital tech to support office operations , thereby ensuring full collaboration and oversight . The adoption of more progressive and collaborative project delivery mechanisms such as integrated project delivery ( IPD ) bodes well for digital office deployment as the interests of all parties can be aligned .
Implementing a digital office in a capital project will result in new standardized ways of working . In turn , this increases productivity , while also reducing the potential for disputes or miscommunication .
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Real-time information Organizations must consider how they select and combine various aspects of digital transformation initiatives to achieve their specified objectives . These aspects include the following : l The consistent availability of accurateand timely information across the project . l Having efficient handoffs that ensure compliance with project policies and best practices . l Total integration of all data and information from planning and design through to facility construction , activation , and operation . l Augmenting how people work by ensuring they are informed in order to exhibit consistent decision-making .
The digital office and its enhanced work processes amongst all stakeholders represents a primary means to achieve a capital project ’ s objectives . Capital project owners , their contractors and suppliers will significantly benefit by using a digital office to improve operating margins , provide proactive and real-time management of risks , and materially reduce coordination risks and delays . Taking on a large capital project has never been for the ‘ faint of heart ’, but doing so in 2023 ( and beyond ) – without the aid of real-time information enabled by a project office – risks repeating the failures of the past . ■
Ian Duncan www . fticonsulting . com
Ian Duncan is Senior Managing Director and Ross Cullen is Senior Consultant , at FTI Consulting . FTI Consulting is a global business advisory firm dedicated to helping organizations manage change , mitigate risk and resolve disputes : financial , legal , operational , political and regulatory , reputational and transactional . With more than 7600 employees located in 31 countries , FTI Consulting professionals work closely with clients to anticipate , illuminate and overcome complex business challenges and make the most of opportunities .
Dr Stephen Mulva www . tamu . edu
Dr Stephen Mulva is Research Professor at Texas A & M University . Founded in 1876 , Texas A & M University is designated as a land- , sea- , and spacegrant institution , which reflects its commitment to provide high quality and diverse research and innovation . The Department of Construction Science , the largest construction education program in the United States with more than 1100 students , integrates principles of architecture , technology , engineering , business and project management .
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