How Savvy Canadian Construction Companies Are Increasing Profitability In 2019.
In an economy booming with significant government investment in Canadian infrastructure, small and medium sized construction companies will be busier than ever.
But busy and profitable are not the same thing.
The opportunity to boost margins and significantly grow the business is real, but hinges on the repeatable and successful execution of complex project budgets and deadlines.
Increased success lies in optimizing project plan.
The importance of the accuracy and reliability of the project plan cannot be overstated.
With an accurate plan, the team can optimize resources, solve clashes and delays before they occur on the ground and accurately plot the critical path to project success. These practices can translate into enormous cost savings and increased profits, but hinge on a reliable plan.
For small and medium size companies who may not have full time planning staff, creating, updating and editing the project plan may fall to the project manager or foreman. At times other team members that may not have a formal scheduling background may contribute.
It’s common in the case of smaller companies especially to use inexpensive and readily available tools such as Excel, MS Project, or other project management tools to create the construction project schedule. Still other companies use hand drawn march or gantt charts.