It might seem that having as much data as possible is the best way to work, but in truth, it can actually be overwhelming. Having too much data can make a construction company start to feel that there is a “right” decision and that if they just study the data more, it will come clear. Keep reading to learn the dangers of this mindset and to get some tips on how to fight it. Remember that Fund Control offers access to the perfect level of data.

The Goal is Balance

When we say the goal is to balance, we are not talking about a balance of data and action. We are talking about a balance between the essential four factors on a construction site: schedules, costs, quality, and safety. One of the issues with data is that it quickly becomes clear that what is good for schedules is not good for costs, and what is good for quality might not be good for safety. The goal is not to maximize them all – because it is frankly impossible – but rather to find the right balance.

Focus on Exception-Based Reporting

Many of the organizations that use Fund Control are looking over hundreds of jobs. They cannot possibly track every data point that is generated. The answer? Exception-based reporting that cuts through the data they do not need and ensures that the relevant data is easy to find. Analytics can make it easy to give out early warnings when metrics are deteriorating, which gives the decision-makers more time to get their project back on track.

Know What’s Important

Before you start putting stock in every piece of data you come across, make sure you are keeping your eye on what is actually important and in what context it is important. Do this without looking at data. Then look for the data that gives you the information – not the other way around. If you start by looking at all the data that is available and trying to figure out why it’s relevant, you are destined to waste time.

Let Us Show You How Our Software Works

One of the advantages of working with Fund Control is that our software can be personalized and customized in more than 800 ways, but without guidance this too can be overwhelming. We recommend that you contact Fund Control at 800-625-5972 to request a free demo. We will carefully consider what features will be most useful to your company and demonstrate exactly how they work.