It is interesting to note and analyze that a substantial number of European organizations have traditionally been leading their North American and Asian counterparts in the implementation and benefits from advanced data systems.
The question of how a company can organize and plan within the engineering-construction industry to maximize innovation and benefits is always a worthy focus. From our work with global companies, the following best practices seem to emerge:
Companies continually define measures of work effectiveness, which lend themselves to critical analysis and the push for more effective tools and work methods. Whether these measures are industry-based, such as that supported by Independent Project Analysis (IPA) or CII, or in-house metrics, is not critical, but that there is a way to measure the value of change and innovation.
Innovative ideas are rapidly rewarded with some funding, but then must support rigorous financial and organizational analysis as more expenditures are requested. Our best practice companies involve senior management in this process and it is viewed as a seminal part of their job. During this process, both financial and...
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