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Each year, Deltek conducts a survey of firms in the architecture and engineering industry to identify the key performance indicators, market conditions, and industry trends. Conducted for the last 41 years, the Study is developed in collaboration with industry organisations in the United States and Canada.

The Study collected responses on emerging technology trends, financial statements, business development, project management, and human capital management. The survey was developed in partnership with CMG Consulting and was fielded from January 21, 202 through March 23, 2020. Responses were collected from more than 415 companies in the architecture and engineering industry.

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Global research conducted by IDC, found that 21.3% of productivity loss in the workplace can be attributed to document management issues. Whether it’s employees being unable to find the right document, or being unable to access the document, according to Interact Source, almost 20% of business time, as much as one day per working week, is spent by employees trying to locate information in order to successfully complete their work.

In engineering firms alone, as much as 70% of the firm’s project information will not even be located within their document management systems, and might be found in desktop files or email servers. The result of this is scattered bits of information and unproductive workflows.

Migrating to a digital document management system is the wisest move, especially in an age when it’s best to go paperless, but the biggest driving factor would be the ability to access them anywhere (imagine you’re working remotely and realise the documents you need are locked away
in a filing cabinet at the office).

Get your free e-guide providing you with a step-by-step process of how to go about searching and implementing a document and email management system for your firm.

 

 

5 Reasons your Business needs Project Information Management

Make your move to effective data and information management. Emails, drawing, contracts, RFIs…

As an Architecture, Engineering or Construction firm you will produce and handle thousands of documents, but how do you effectively manage them to ensure project success? You’ll need to define and adopt clear project information management processes and systems, but finding a starting point is your first challenge.

Download our eGuide where we begin to explore the importance of managing business and project information effectively and how to get going.