4castplus Blog

4castplus Blog

30 30, 2021

Unleash Project Productivity with a Unified Software Platform

It’s been proven over and over that breakdowns in communication on a construction project can lead to an abundance of unnecessary problems. Problems that can lead to confusion, frustration, unhappy clients, and can slash profitability for the contractor. When, for example, the field team is working from a different set of information than the back-office team, they’ll each make decisions on what they think is right, which may unknowingly go against what the other has decided, and cause mistakes, rework and incoherent communication to stakeholders. So, how can you avoid these common challenges of disconnected people, data and process? How can you move towards a more harmonious, collaborative environment where all team members are working with timely, accurate and complete information that they can each access from a centralized place?


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18 18, 2021

How Construction Management Works Alongside Project Controls

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.

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20 20, 2020

Video - Integrating Procurement with Project Controls

Most project controls professionals will agree that the procurement function is so essential to any construction project, it should be tightly integrated into the project team and their systems. The following video demonstrates some of the features of 4castplus that highlight how this tight connection brings enormous value and reduces project risk. 

This video is a follow-up to the recent 4castplus webinar and whitepaper on this same topic which discussed how project procurement can be successfully separated from 'corporate' procurement and embedded into the project team and systems.  It goes on to propose an integrated solution that will satisfy the needs of corporate finance and project controls so that both business units achieve their requirements for the benefit of the whole company.



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23 23, 2020

The Paperless Jobsite is Critical for Profitability

It may come as no surprise that the construction industry is one of last to embrace technology to improve productivity. According to McKinsey’s Digitation Report, the construction industry is one of the least digitized in the world (see Figure 1 below).  Many contractors, about 40% of them according to the 2018 construction technology report, are still using a paper-based solution for documents, cost tracking, reports and other field-related items. This apparent lack of willingness to adopt newer, cloud-based solutions introduces productivity bottlenecks due to information delays, errors from rekeying data, missing data, lack of collaboration and wasted effort on the jobsite and in the office.  

Figure 1 - McKinsey's Imagining Construction's Digital Future

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26 26, 2019

Forecasting Cost to Complete on Major Construction Projects


Mega construction projects withstand a level of complexity like no other. More than ever, organizations are searching for ways to increase efficiencies, reduce costs, increase productivity, collaboration and automation on their construction projects.  To achieve this, the project team needs to apply a significant level of rigor in the planning and management of projects and deliver key metrics and projections to all project stakeholders throughout its execution.  Calculating a reliable month-over-month forecast requires that the project team has not only done sufficient upfront project planning, but they’re also performing ongoing monitoring, measurement and management of the project in order to produce an accurate report for the project's financial stakeholders.

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04 4, 2015

EVM Explained: Planned Value

Many EV professionals would argue that Planned Value is one of the most important metrics in earned value analysis.  It provides the critical benchmark from which numerous other metrics are being compared.  

To give you an idea of what PV is, consider the example where you have a $1 million project that is scheduled to take 10 months to complete. An important aspect of project controls is to be able to plan out how that $1m will be spent over the 10 months. It obviously won’t be spent in one single lump. Neither will it be spent in an even, perfectly distributed rate over the 10 months.

The project spend will follow an uneven pattern – loosely following the schedule of activities and purchases that occur over the project’s duration. Planning the budget over the project’s timeline is called Time-Phased Budgeting. Planned Value is the value of scheduled project spend at a point in time of a project's duration.
Planned value is also referred to as Budgeted Cost of Work Scheduled (BCWS).

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08 8, 2015
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