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By David Krebs, Director Mobile & Wireless Practice

The construction, architecture and engineering markets have been at the epicenter of the recent global economic recession. Following a period of almost irrational growth and investment in real estate development – both residential and commercial – the industry faces numerous challenges following the burst of the housing bubble. As a result the sector has been forced to reevaluate and reengineer its traditional business models to drive increased efficiencies in operations and improvements in bottom line performance. What is evident is that effective management of engineering and construction organizations today requires standardized business process and integrated technology systems that improve project management and drive profitability.

Today more than ever engineering and construction firms need to manage and have insight into the entire project lifecycle. Competitive success is tied to organizations that – in compliance with government and industry regulations – best control project performance and scope, provide accurate and consistent forecasts, hold suppliers and sub-contractors accountable and mitigate risk. In order to most effectively address these challenges best in class engineering and construction organizations are now more than ever investing in technology solutions.