Five Business-Critical Factors in ERP4Construction

Project-based industries such as construction have very different business challenges from other manufacturing or process based industries. Almost every project is unique, often with a new team, so each is a new challenge from the outset.

It can be argued that five challenges are common to all project-based businesses:

  • Risk
  • Cost
  • Cash flow
  • Time
  • Resources

The way these factors are managed, both individually and collectively, determines the success or failure of a project, and ultimately of the project-based businesses behind it. All five factors are variables that should be weighed against each other before any major decision can be made.

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