7
3.
LIMITED VISIBILITY AND TRANSPARENCY
OVER THE PROJECT
Poor data visibility hampers decision making and reporting, and often requires you to dedicate resources to gathering,
entering, and sharing data. Without visibility into key project data, both at a macro and micro level, you can't feel
confident that you know where the budget and schedule stand. And you can't respond to the pressure to reduce costs,
risk, and inefficiencies when you lack insight into the factors causing delays and cost overruns.
You're accountable for keeping teams on track and adapting to evolving conditions, but without a single source of
truth, maintaining good governance and controls is a constant uphill battle. When KPMG studied the future-readiness
of E&C firms, they found that the top 20% innovators, defined by their willingness to "constantly seek opportunities to
improve performance and anticipate change and risks," are harnessing technology to improve governance and controls.
They use technology to streamline processes and give them better control over the activities on the jobsite. Sixty-nine
percent have integrated project management systems with multiple tools for projects and portfolios and they report
that two-thirds of their projects come within 90% of their planned schedule.
