The construction industry is struggling with the impact of an unprecedented global pandemic, and is faced with numerous challenges, one of which is to find meaningful solution to the problem of project reporting. As organizations wait for the lockdown to lift, and brace to resume operations, they are faced with the overwhelming task of project reporting in order to identify the status of the project before, and after the COVID-19 impact. This colossal task is a grim reality staring both the contractors, and owners in the face as construction sites start to open up.
This exercise is akin to war photography and must be carried out in a consistent and precise manner. However, it is ironical that many organizations, after having braved the physical health emergency, and lockdown of construction sites, will be forced to drain their resources in setting up, and managing expectations around appropriate project reporting which may or may not be acceptable to all stakeholders.
In light of the upcoming challenges, a new, modular reporting framework known as MS100 can offer a range of solutions specific to the COVID-19 impact.
MS100 is an innovative reporting framework with up to 100 predefined milestones (data points) which can standardize Schedule & Cost reporting in projects. The primary enablers of this framework are standardization of data, modular data architecture, and data grouping. Developed, tested and implemented by a Canadian construction consulting and technology firm, Stoneboy Inc., the MS100 framework can be deployed by firms at the project, program, portfolio, and enterprises levels.
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