To get the desired outcome of a management or contracting process, more than planning and execution is required. It also involves careful analysis and control of the interdependent business processes involved in designing the preconstruction, procurement, construction, closeout, and commissioning the built environment. This is why business process management (BPM) is so crucial to the success of a construction project or a company.
BPM is a comprehensive, systematic approach for discovering ways of modeling, enhancing automating and continuously monitoring business processes. The aim is to align internal business functions with strategic goals. This will result in increased efficiency and profitability.
The BPM lifecycle is comprised of six phases to reach its goal: analyze, design and implement monitoring, optimizing, and redesign. The first step in the process is to look at the current process and identify https://bizdataroom.com/progress-with-virtual-data-rooms/ areas that could be improved. The next step is to develop an entirely new process that meets demands of business by implementing standardization and automation where possible. The implementation phase aims at implementing the new process model. Continuous monitoring and optimization will ensure its continuous efficiency.
Construction firms waste tens of thousands, if not hundreds of thousands of dollars each year, on manual tasks and inefficient business processes. This is a problem both in the office and the construction site. Automating these processes increases visibility, improves operational reactivity increases risk mitigation and speeds up decision-making. It can also help reduce costs, improve morale of employees, and enable better utilization of resources. To achieve this, teams need to be able to fully understand all their processes and process that drives them.