WIP reporting in construction is undergoing a transformation thanks to automated dashboards that help contractors use data to make better and faster decisions.
The ProNovos October 2021 webinar “WIP Automation 101: From Static Report to Dynamic Tool” provided an overview as part of a series on WIP reporting in construction. The host was ProNovos Solutions Engineer Kevin Bright, who managed dozens of complex and high-profile projects in his 7-year career at data-driven construction firm Outside The Lines, Inc. (OTL).
“The WIP is critical because it conveys the status of your projects to all stakeholders, from internal PMs and execs, to the bonding agency and the bank,” said Bright, a financial-management MBA student at The Paul Merage School of Business at UC Irvine. “Cloud-based WIP reports update automatically, providing ‘always-on’ access and allowing contractors to run deeper analyses and create custom snapshots. It’s a big step forward from waiting on the monthly update of a static spreadsheet.”
Here are some video highlights from the presentation, which covered topics such as the basics of the WIP and cloud-based WIP automation; critical KPIs for automated WIP reporting; and the benefits of data visualization and alerts, to name a few.
