9 Ways Modernization Decreases Risk in Infrastructure Projects
Many of the risks that threaten infrastructure can be minimized or prevented by ensuring the right people have access to the right data at the right time.
1. More Accurate Cost Estimates
When you require contractors to rely on data, they can analyze actual vs. budgeted costs from previous projects and provide more accurate estimates from the get-go.
2. More Realistic Project Scheduling
Historical project data helps project managers know how long it took to complete similar projects and understand what caused delays so they can produce more realistic schedules.
3. Increase Reliability
Data from IoT devices and sensors give infrastructure operators real-time insight into the condition and performance of infrastructure components so they detect and address issues promptly to reduce the risk of unexpected failures or service disruptions.
4. Improve Communication & Collaboration
Lifecycle data captured in constructible and as-constructed BIM models, digital twins, and common data environments gives stakeholders a single source of truth and shared understanding about infrastructure projects so they can communicate and collaborate effectively.
5. Provide Transparency
Real-time data about the construction and operation of infrastructure projects makes it easy to provide progress updates, issue emergency alerts, and share information like current air quality, energy usage, and traffic conditions, all of which increase transparency by keeping citizens and other stakeholders informed.
6. Reduce Vulnerability
Data provided by remote monitoring and threat detection helps operators identify anomalies, suspicious activities or patterns, and other security vulnerabilities so they can mitigate the risks of a successful security breach or attack.
7. Improve Safety
Access to data gives contractors and subs better visibility and awareness of site safety hazards, while also improving communication and collaboration to prevent overcrowding on this site and unsafe overlaps during construction.
8. Increase Sustainability
Data makes it possible to predict potential environmental impacts at every stage of the project so better decisions can be made, such as choosing more sustainable construction materials, implementing energy efficiency measures, incorporating carbon capture and storage technologies, and using adaptive design techniques.
9. Gain Visibility & Control
Access to data across the asset lifecycle gives owners and operators visibility into project performance and the control to make proactive adjustments and improvements so they can mitigate the risks that threaten their most critical projects.
Avoid Preventable Risks by Modernizing to Connected Construction
Critical infrastructure projects are inherently risky. But the risks can be minimized when stakeholders across the asset lifecycle have access to the right data at the right time.
To meet modernization demands, you need to embrace modern ways of working. By requiring a connected approach to construction, you can enable critical data access and sharing among stakeholders—and avoid falling victim to preventable risks.