4castplus Blog

4castplus Blog

16 16, 2018

Top 5 Reasons Why an ERP Won’t Work as a Cost Management Solution

It’s not uncommon for organizations to consider the idea of using their ERP as a one-stop-solution for all their technology needs – even when it comes to managing the many-layered complexities of cost management on major projects. It’s an appealing idea: everything in one place, under the tight control and scrutiny of the finance department. The challenge with this of course, is that the target users of an ERP are in the finance department, not those who are managing the day-to-day operations of a large construction project. 

 
Construction projects have many moving parts and a colossal amount of data to carefully manage in order to keep the project running to plan. Not only that, but there are numerous different types of users that need to work collaboratively in real-time. Such as: Project managers, project controls, engineers, field staff at the jobsite, subcontractors, project owners and others, that all need to work together, sharing data and workflows, to seamlessly bring a project to a successful conclusion.  

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06 6, 2017

Top 2 Characteristics of a Good Construction Project Manager

I’m going to start with a basic assertion: to be effective and successful in their job, Project Managers need good information and the right tools. These two things are an absolute must. A bit more specifically: project managers first need current, accurate and complete project data; then secondly, they need the right tools to analyze, and report on that data.

This is especially true when managing large construction projects, where there are so many moving parts, changes, documents, contractors, costs, schedules, etc. to stay on top of. There are other things they need of course, but without these two key things, construction project managers are left feeling around in a dark room, desperately hoping to find a light switch.

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26 26, 2017
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16 16, 2017

Which is it... LEM or a Daily Field Report?

Construction contractors are increasingly adopting technology to track their daily costs and activities from the jobsite. Some will refer to this as tracking their daily LEM – which stands for Labor, Equipment and Materials – however others may call it Field Data Capture; and some may call it the Daily Field Report, or Site Superintendent Report. Although we’ve adopted an industry term, “Construction Cost Tracking” as a general name to describe the activity and process, we tend to use “LEM” as the term that describes the final document(s) that contain all the jobsite data that gets tracked.

If you’re familiar with 4castplus at all, you’ll know that the system enables contractors to track much more than labor, equipment and materials. There’s clearly much more going on than that – so a “LEM” is just a term used that encapsulates the broad variety of everything that gets tracked. Other data that gets captured in the LEM includes: labor expenses like subsistence and meals; along with 3rd party vendor expenses; material field receipts; daily log and the weather. Field personnel can also input production quantities as progressed items that are completed. It also allows field personnel to upload any number of documents into organized document repository categories. There’s additionally a very powerful Vendor LEM option to track the costs and expenses from subcontractors.

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29 29, 2016
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