PORTLAND, Ore. (June 5, 2017) - Industry leaders Viewpoint, BKD LLP & FMI Corporation have teamed up to perform deep research into construction productivity issues in order to make practical recommendations for areas of improvement. The lag in global construction productivity has been widely reported by a number of leading research firms and has been estimated at as much as 1.2 trillion dollars annually. Improving productivity by as much as 10 to 20 percent could make a huge impact on the construction economy, providing more funding and/or resources for critical infrastructure projects which have been traditionally underfunded.
Together these organizations will employ cutting-edge tools, including Big Data & Analytics in order to identify trends that affect productivity. “We are extremely excited to partner with BKD and FMI in this venture” said Maury Plumlee, VP Global Marketing, Viewpoint.
BKD’s Big Data team will provide the tools and expertise necessary to evaluate terabytes of data that reside in Viewpoint ERP systems. “We will be collaborating with progressive Viewpoint customers who want to unlock the power of their data in order to improve processes and performance. It’s all about raising profitability while lowering risk,” said Jeremy Clopton, BKD’s Big Data & Analytics practice leader.
FMI Corporation provides a comprehensive portfolio of management consulting services to the construction industry. “FMI is the blue-chip consulting standard in the construction industry and we are thrilled to have them on this team. FMI’s deep understanding and expertise in the areas of organizational performance, project management and productivity will be invaluable as we evaluate the data,” said Plumlee.
“We are extremely excited to provide our industry knowledge and expertise to help address construction productivity. It’s a big industry challenge, and we have the potential to provide real insights and value to contractors,” said Gregg Schoppman, principal, FMI Corporation.
Areas of potential research focus include: field productivity and performance, project risk profile assessment, collaboration and supply chain management. “We will be looking at the interplay of people, construction processes and data to uncover patterns and predictive trends,” said Plumlee. The group's goal is to deliver its first phase of research and recommendations in the fourth quarter of 2017.
