05 5, 2021
Data security is a topic that is at the forefront of discussion for most businesses today. The construction industry in particular is embarking on a period of rapid digitization, with technology increasingly being embraced for project management and day-to-day operations. As they adopt more technological solutions to increase efficiency and productivity, construction companies run the risk of becoming more attractive targets for cyber attacks. In fact, for some businesses in various industry verticals, ransomware attacks - as one of several cyber security breaches - have led to the loss of confidential data, systems shutdown, and significant interruptions to accessing key information causing debilitating harm to their business. That's why at 4castplus we take the management and security of our clients' data extremely seriously. In this article, we explain some of the safeguards we have in place to ensure the privacy, reliability and security of your information is upheld to the highest standards, but first it's important to understand why cybersecurity is important for cloud-based software that provides solutions for the construction industry.
17 17, 2021
We live in a data-driven world - and as construction projects become more complex, sharing vital project information across project teams and with key stakeholders becomes an essential building block for success. Yet, many organizations that engage in construction projects continue to work in disconnected, disparate systems, causing information silos between teams that should otherwise be working collaboratively together to maximize project success. When they don’t, this leads to disjointed processes, data inaccuracies and errors. This misalignment across project teams ultimately drives up costs, delays schedules and can negatively impact information accuracy and quality, which ultimately impacts the health of a company's bottom line. By both bringing people together into the same system – or by tightly integrating enterprise systems together – organizations can create a truly collaborative environment that elevates project transparency and minimizes errors and gaps to give project stakeholders the insights they may not have otherwise had. To better understand if information silos are creating a barrier to a holistic view of your company data, read on.
02 2, 2021
Most everyone in the construction business will go through a software evaluation at least once or twice in their career, where they’re part of a multi-discipline team appointed to pick the best software solution option on the market for their business. When it’s a smaller system with a limited enterprise footprint that’s being evaluated, this can be a relatively straightforward process. If, however, the requirements for the desired construction software system are such that they are lengthy and complex – and the system impact can span multiple departments – this process can be a significant undertaking.
18 18, 2021
Construction projects are highly structured endeavors, whether that’s building Canada's largest LRT expansion project or a natural gas pipeline project. From design to planning, to scheduling and construction of the project itself, there are a lot of moving parts and people that must be precisely coordinated. Each phase and activity of a project are complicated enough by themselves but in congress with the entire project, the overall complexity grows exponentially. This puts pressure on the various members of the project team to work closely with others so that work not only gets done correctly, but it also gets done within budget and schedule. This is one clear reason why, for example, it's important for construction managers to work closely with project controls. Before we dive into this, let's first briefly explain the roles of construction management versus project controls.
01 1, 2021
It’s been fascinating to watch the stock market soar over the past 6 months while the world has continued to be stuck in one of the worst economic declines in a century. Why is it that the stock market can be so out of step with reality when there is so much uncertainty out there? I can’t say I have a clear answer for that, but my theory is that investors are confident that the pandemic is short-lived and a rebound is imminent once vaccines are rolled-out over the upcoming months. It’s also likely a case of investors shopping for bargains as price dips are somewhat routine currently. The economics of construction projects (and the project management software to run them), is not unlike other market segments in that some industries have been hit hard by the pandemic, while others have flourished.
18 18, 2021
2020 was a year like no other. The entire world underwent a transformation where people, businesses and families were forced to adapt to a challenging new reality. Despite it all, our 4castplus team rose to the challenge and continued to provide responsive and personal support to our valued customers, and continued building and growing 4castplus. Looking forward to 2021, a global sense of optimism is on the horizon as the anticipation of the end of lock-downs and a gradual return to normal promises to kickoff a strong economic recovery. It is valuable for all of us to reflect on the year that past,, so we'll take a brief moment to share a look at some of our 2020 highlights.
07 7, 2020
Leading Western Canadian midstream company Tidewater Midstream and Infrastructure reported its best quarter to date amid a global crisis. The company has built an incredible business that connects its customers and other stakeholders along the entire energy value chain, but the most recent quarterly results have put an exclamation point on its success.
03 3, 2020
For the greater part of 2020, the construction industry has held steady amidst a barrage of economic predictions. Short- and long-term projects are still being executed as construction firms proceed with building and maintenance, as permitted by the federal government, strictly adhering to the guidelines to employ ‘essential infrastructure workers.’
It goes without saying that the construction industry is a very important sector of the economy. It involves an array of activities like constructing, altering, maintaining, repairing, and demolishing of buildings. It also covers civil, mechanical and electrical engineering projects.
07 7, 2020