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TECHZONE
The Complete Cost &

Lals
Software GUEST ARTICLE

Services Enterprise Management

Trusted partner for Project
Solution
Management & Cost Control

Knowing that your site is running at a loss due to low productivity Rather than having several effective business departments
in a specific work area enables your business managers to make that are siloed, information of various business units should be
a quick, smart change to the labor force by the very next day: integrated on one data platform that allows anyone the same,
Low productivity addressed instantly. holistic view of a workplace scenario, at HQ or on site. Namely,
Construction companies work with an unusually high proportion “One source of truth”.
of variable costs, and extremely low fixed costs. Factors affecting When this happens, HR can understand why the workforce may
this for instance will include: be smaller, and commercial managers can plan to purchase
• Is your plant and equipment on site or off-site tomorrow? specific materials exactly when they are required. Equally,
• What size labour force do you need tomorrow vs. yesterday? procurement know exactly what the commercial managers need
• Is your concrete pump working or has it broken down? and by when. The entire organisation starts to run seamlessly,
Your ability to forecast costs to completion is critical. Being able to as one. This is what will make the difference in your margins
manage your construction site, from ‘cost to complete’ is central at the end of the project and take your company from cost to
to an optimised construction business. If you’ve had a good day, complete, successfully.
you need to be able to pinpoint where and why that was and By using specialised software to tie together Man, Machine and
be able to leverage it in the future. Equally, misinterpreting this Money, construction businesses can generate insights into their
reason could get you into a whole world of financial trouble in business that can improve their ability to build earned value
under a week. budgets; to make minor adjustments to their available resources
For cost to completion to be successful, construction businesses each day, and workforce requirements.
need to have one source of truth that creates integrated analysis Altogether, these minor adjustments can ensure businesses run
between the three levers of construction, Man, Machine, and a project from cost to complete and achieve significant profit
Money. margins at the end of a multi- year project, thanks to “One source
But interpretation of this data is key. Volumes of data about your of Truth”
site is not enough. The ability to interpret that data, knowing
exactly what happened, where and why is what will deliver For more details contact:
meaningful reports that allow your business managers to make Email: info@ccsasia.com
smarter business decisions. Website: www.lalssoftwareservices.com

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