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Unfortunately, even small planning errors can lead to significant delays and cost overruns. By being aware of common pitfalls, you can reduce delays and cost overruns while strengthening your position. What are the five most common planning mistakes to avoid?
Find out by reading blog!
Inaccurate estimates disrupt project planning
Planning issues often begin at the foundation: inaccurate estimates of time, resources, and budget. Errors in estimation quickly lead to missed deadlines and rising costs, putting the project’s progress and financial structure under pressure. Project estimates require a realistic approach that involves suppliers and subcontractors in the planning process.
Having insights from similar past projects is essential for creating realistic plans. A lack of historical data or reference projects often results in less precise estimates. Draw inspiration from the priorities within the construction "Golden Triangle". A well-founded project schedule builds confidence among all stakeholders and strengthens the foundation for successful execution.
Lack of dependency insights disrupts project progress
Dependencies are crucial in construction projects: some activities cannot begin until earlier tasks are completed. If these dependencies are unclear, problems can arise, causing delays and inefficiencies. In complex projects where tasks intersect, a clear workflow significantly impacts timelines and costs.
Analyzing dependencies from the start and regularly reviewing the workflow with various departments provides clarity. This prevents task conflicts and ensures everyone knows when specific work needs to be done. Personal contact ensures that everyone understands their responsibilities. Early identification of issues enhances project efficiency.
Unrealistic resource planning jeopardizes construction projects
A solid resource plan takes into account the actual availability of time, budget, materials, and manpower throughout the project. Many plans fail due to unrealistic expectations regarding resource allocation.
It’s also important to remain flexible and have contingency plans for unforeseen circumstances that may affect resource availability. A well-organized resource plan allows you to adapt quickly to changes and disruptions, ensuring the construction process stays on track. Historical data helps create achievable forecasts and accounts for seasonal variations.
Unforeseen circumstances delay construction projects
Projects are often delayed by unforeseen circumstances such as bad weather, material shortages, or delays in obtaining permits. Without a contingency reserve or additional budget, the project will likely face delays. Careful planning considers potential "worst-case" scenarios.With extra time and budget, you can respond flexibly to challenges and disruptions without halting the project.
A risk management plan that identifies risks and outlines strategies helps prevent delays and supports project continuity. This plan should be regularly updated and evaluated to remain effective.
Construction projects require modern project management tools
Many construction companies still rely on tools like Excel for project planning. While useful, Excel lacks the sophistication needed for complex project coordination and efficient team collaboration. A sourcing platform allows you to centralize all critical documents and project information, granting simultaneous access to all stakeholders.
Using modern project management tools specifically designed for the construction industry can significantly improve team collaboration. Providing your team with training to maximize existing tools can also enhance project planning.
Manage projects efficiently with 12Build as your sourcing platform
Avoiding common planning errors is important for any general contractor striving for efficient and reliable project execution. Accurate estimates, clear dependencies, realistic resource planning, and effective risk management contribute to a strong reputation and better project outcomes.
12Build not only offers the benefits of a sourcing platform but also provides additional features to optimize your projects. With 12Build, you gain immediate access to an extensive network of subcontractors and experts, streamlining the process of selection and documentation. This enables estimation and procurement teams to collaborate more effectively, giving you greater control over project timelines.
Want to learn more about how 12Build can benefit your construction company? Request a demo today and let us show you how we can help.
