Matt Mong, VP of Market Innovation and Category Design at Adeaca, the leader in Project Business Automation (PBA), authored a recent article in Construction Executive. Mong discussed setting up every construction project for success from the start to ensure better outcomes for customers, this depends on accurate project estimation and planning. Read the full article here.
According to Mong, “Often, business executives report quotes that don’t represent what is actually required for a project. The problem results in losing deals because they’ve overpriced projects or are losing money because they’ve underestimated. And then, when it’s time to execute a project, contractors end up having to renegotiate with the customer, add change orders and make other adjustments—when they should have had it right from the start.”
Construction Executive is the magazine for the business of construction. It reaches more than 55,000 commercial, industrial, and institutional contractors and construction-related business owners and has won more than 20 editorial awards.
Adeaca is the first company to introduce Project Business Automation (PBA), a new category of software systems built for companies who consider projects an important part of their business. Recognized by Forrester, PBA is revolutionizing how projects get done by providing the capabilities to manage and govern project processes from beginning to end.
The PBA Quick Guide provides a high-level overview on how PBA focuses on the business side of projects and how to apply new rules to improve key business drivers.
Adeaca knows the challenges of managing and delivering projects, whether external or internal, and the solutions to solve them. The Adeaca team consists of project experts who understand that many companies cannot deliver better outcomes due to three primary conditions:
- No standardized project governance
- No timely information to detect problems early enough to rectify them
- Inefficient collaboration among project team members and stakeholders
Adeaca recognizes that these problems stem from a lack of process and information integration, meaning systems run separately in silos, data are not shared, and processes are not synchronized. Without real-time data any insights are outdated, and manually compiled data are prone to error and bias. As a result, stakeholders cannot access information easily in a timely fashion, leading to poor collaboration and project outcomes.
PBA is the only solution available that puts projects front and center, integrating the business and operational aspects of projects together.
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Company Name: Adeaca
Contact Person: Shina Neo, Editorial Director and Media Relations Specialist
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Country: United States