The process of exchanging information in order to pass along a message is what we refer to as communication. The key to effective communication is being able to communicate your message in such a way that it is received and understood by the people to whom it is directed.
For any construction project to be completed successfully, clear and consistent communication is very necessary. Effective communication can help improve how well people work together and make it easier to work on projects together. If you don’t communicate well, you could end up with misunderstandings, delays, and problems further down the line.
In today’s article, we will learn about the basics of project reporting and the tools that are best for optimizing your reporting processes.
If you’re short on time and are quickly looking for a good tool for construction project reporting and analytics | Assignar could be a great choice.
What is project reporting and analytics?
“Project reporting and analytics” is, at its most basic, the process of using past and present project data to help people make better decisions about how to carry out projects.
Project analytics, in particular, are of the following types:
- Descriptive analytics: The presentation of data in the most useful way is what descriptive analytics is all about.
- Predictive analytics: Analytics that are predictive rely on data from the past to make projections about the future.
Overall, project reporting and analytics are essential activities in the administration of the project’s communication. It entails gathering and distributing project information, conveying project progress and the use of resources, and projecting future progress and status to different stakeholders, all in accordance with the communication management plan’s specifications.
During the reporting process, the results of other processes are also looked at and added to the reports. This is done so that consolidated performance reports can be generated. They are often presented in tabular or graphical forms such as charts, graphs, or tables, or, most commonly, a mix of both types of presentation styles.
Importance of reporting and analytics in construction
Reporting in the construction industry is the preparation of official documentation that provides information on significant events, phases of a project, and procedures to the appropriate parties. They are also able to characterize the condition of the project’s budget as well as the state of its separate components. In most cases, these reports take the form of written papers that include data.
Reports on construction projects must be succinct and presented in a style that is straightforward and simple to comprehend. In addition to this, they should have a straightforward navigation structure and include just the pertinent data. This is where Analytics comes into the picture.
Additionally, the data should not be repeated in any of the other reports. The construction reporting and analytics provide the project team with strong visibility and an awareness of what should be accomplished. Inaccurate reporting and analytics may have a substantial negative effect on both the timeline and budget of a project.
Top 3 Construction Project Reporting and Analytics 2023
Let’s have a look at the top three construction project reporting and analytics tools that are available on the market.
Assignar’s intuitive interface was developed to relieve you of the burden of manually managing reporting. This platform makes it easy to see the availability of your custom tags using a simple drag-and-drop interface.
Recommendations, role-based tasks, and the ability to receive actual workplace confirmations from the field are all examples of the kinds of built-in functionality for resource utilization that can be used to address a lack of available workers.
Using Assignar, you may collect information useful for all of your building projects at once. That’s why you will be able to finish jobs on time and under budget, and get forecasted revenues.
One of the many great things about Assignar is that it can be used to keep track of certifications, licenses, and service records for both employees and pieces of equipment in a centralized place. By using digital documents and records, you can safeguard your business against audits and disputes and ensure your staff is always compliant.
Assignar’s customizable dashboards make it easy to focus on the data that matters most to you, and you can pick and choose which metrics to look at and how to weigh them.
By using Procore, you will be able to take control of the results of the project, lower risk, and secure earnings. A mobile app is also available for site-specific collaboration to guarantee that everybody is on the same page about what they must achieve each day in order to meet deadlines and prevent wasteful redos.
The ability to capture and easily manage any and all communication relating to a project is available. When all of the pertinent information is gathered in a single location, the likelihood of confusion and contention is reduced.
All of the most recent information is compiled in a single location where it is easily accessible, and it is communicated in a way that can be understood by all of the people involved. The data is being continuously updated in real time, which provides everyone who is in the loop with total transparency. The elimination of dangers is also made possible by the maintenance of detailed data records.
Procore makes it easier to identify issues and quickly determine the amount of time and money those issues will cost. You will be better able to avoid unforeseen problems as a result of the increased transparency that Procore offers in the project.
The current status of the project can be effectively monitored, and the approval procedure can be accelerated thanks to the built-in overview that the tool provides.
GanttPRO is an online Gantt chart-based project management system. With GanttPRO, your projects can be divided into groups of tasks, subtasks, and milestones. Set deadlines, durations, and dependencies for tasks, then organize and schedule them accordingly. Create an online Gantt chart to establish precise estimations and manage resources effectively.
Use separate workspaces for individual activities, milestones, and team projects. You have the ability to restrict access to the critical project processes to just those who need to view them, such as your team members. The program schedules tasks for you automatically, so you can quickly plan projects and make useful Gantt charts online.
To make project management even simpler, GanttPRO allows users to drag and drop jobs and their properties directly onto an online Gantt chart to specify priorities, indents, dependencies, timeframes, and milestones. You can add resources to Gantt charts and associate them with certain activities on a timetable.
Determine the hourly cost of a resource and the time spent on project delivery. The GanttPRO’s web platform can immediately compute task, task group, and project expenses based on these inputs. Through transparent resource management, this application for project planning enables you to reallocate resources and monitor how expenditures vary.
Effective and timely choices made with the use of project reporting and analytics could be the difference between a project being finished within its set boundaries and being completed with extra cost overruns, delays, or even decommissioning.
The solutions that are discussed in the articles will most certainly be of assistance to you in achieving improved project reporting and associated analytics across your organization, which will, ultimately, translate into greater profits.