Cracking the Code to Efficient Construction Risk Management

Every day, you wake up with that gnawing feeling in the pit of your stomach, wondering if today will be another day of unexpected delays or accidents on your construction site. We get it — you're craving a job site that runs like a well-oiled machine, with no hiccups or setbacks.

And let's face it, in the ever-evolving construction industry, clinging to the conventional ways of construction risk management isn't enough. You need something fresh, innovative, and more reliable to keep project risks at bay. But where do you start?

In this article, we're going to share some surprising and highly effective construction risk management techniques that'll have you wondering, "Why didn't I think of this sooner?" These strategies will make your life as a whole lot easier — and your construction projects even more successful. Let's dive in.

1. QA/QC: Accuracy Is a Non-Negotiable

Construction sites are constantly shifting, sometimes-chaotic environments. Precision goes beyond merely following the blueprint for component installation. Any inaccuracies or deviations, however minute, can significantly impact the construction project's outcome.

Now, what if there was a system that could compare as-built scans with the original BIM (Building Information Model) and flag any deviations? Picture this: As construction unfolds, Avvir scans the site continually, overlaying the as-built structures against your BIM. It's akin to having an AI-driven assistant on-site, meticulously inspecting every element, even pinpointing how far out of tolerance each deviated element is.

This analytical process doesn't stop at identifying discrepancies; it provides detailed insights about each trade involved in the project. It's like having a bird's eye view of your construction site, knowing precisely which elements have been built and which haven't. The emphasis shouldn’t be on fixing issues once they've escalated, but rather about catching them early and mitigating potential risks before they snowball.

2. Project Planning: No More Juggling Acts

Every seasoned construction professional knows that sticking to a schedule isn't merely beneficial — it's critical. Unexpected delays can throw a wrench in the gears, disrupting progress and, at times, impacting the bottom line. Traditional project management often feels like a juggling act, with multiple balls in the air.

But what if a platform could ingest your 4D BIM and showcase the actual progress of each trade against the schedule? That's where Avvir's Progress 4D platform steps in, bridging the gap between your project's progress and its schedule on a trade-by-trade, area-by-area basis. 

This dynamic approach maintains control and prevents critical path delays. The technology uses artificial intelligence to merge construction work in place reality capture with BIM, lending your project team an objective lens to track the progress of each trade. The result? A streamlined decision-making process that allows stakeholders to stay ahead of the curve and manage the project efficiently.

3. Budget Overruns, Be Gone

Ask any construction project manager about their biggest concern, and cost overruns are bound to be at the top of the list. Along with cash flow, the financial concerns of a project include preventing hidden rework costs that could creep up unannounced.

Avvir's Progress 5D provides the capability to use a project's existing Work Breakdown Structure or Schedule of Values, creating a clear, transparent link between finance and construction teams. This creates a shared language of budget and progress between two traditionally siloed teams.

Here's how it works: Avvir tracks the installed value for each line item against the expected value through analyzing the 4D BIM combined with your SOV against the work in place within the reality capture data. It's like a financial watchdog, keeping a vigilant eye on your project's budget. This real-time financial tracking also fosters confidence, reduces friction, and ensures a smoother, quicker payment issuance process in your construction business.

4. Decoding Safety Risks

Health and safety are never to be compromised. It's a tenet every professional in the construction industry knows and practices. A jobsite should be more than just a bustling center of activity. It needs to be a sanctuary where every team member feels secure. 

Avvir's reality analysis platform serves as a silent guardian for your project, prioritizing safety, far exceeding the role of a mere add-on tool. It enables construction companies to significantly reduce costly rework by swiftly detecting and rectifying mistakes. The platform updates the BIM in real-time, allowing your team to focus on solving issues instead of trying to track them down.

Also, by integrating a digital twin of your project, you can identify potential safety hazards before they transform into real-world accidents. It extends the reach and coverage of your existing site safety personnel through collecting all of the reality capture data into one easy-to-access, easy-to-navigate web-based portal. This ensures every inch of your jobsite is able to be viewed with boots on the ground and through virtual reviews so that your site complies with OSHA regulations and promotes overall satisfaction for every team member. The other value add to safety is that sites deploying reality capture and analysis more regularly tend to be more orderly and clean, preventing safety issues before they become issues.

Transforming Construction Sites

Whether you’re a GC or subcontractor, we understand the pressure you're under — managing risk in construction projects is a high-stakes affair, and the weight of ensuring smooth operations without delays or accidents can be overwhelming. You might be wondering how you can stay on top of all the types of risks that come your way. Well, you're not alone in this, and we're here to help.

These construction risk management techniques collectively contribute to a well-coordinated strategy, crafted to boost the safety, efficiency, and profitability of your construction project.  After all, managing a construction project isn't merely about checking off boxes. It requires anticipating challenges, implementing effective risk assessment strategies, and driving success. 

To further enhance your construction risk mitigation capabilities, explore the power of Avvir's automated risk analysis platform to eliminate costly errors, prevent delays, minimize financial risks, simplify decision making and supercharge your project's success. See how Avvir can give you complete knowledge of your build at any time with a demo.