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Construction News

06-26-2008

New FMI Research Documents the Benefits of Implementing Construction Project Management Software


Meridian Systems

FOLSOM, CA - Meridian Systems announces the availability of a new research study from FMI Corporation (FMI) that documents how organizations are using construction project management solutions to achieve qualitative business benefits and significant return on investment. This study can be downloaded from the Meridian Systems website at no charge by going to: http://my.meridiansystems.com/downloads/. Users will need to register to access the survey report.

In March 2008, Meridian commissioned FMI to conduct an independent user study to analyze the impact to organizations using construction project management software from Meridian Systems. The report titled "Utilizing Construction Project Management Technology to Create Best-in-Class Organizations," represents responses from a random sample of Meridian customers.

"Understanding the business challenges that drive organizations to adopt construction project management technology was key to this study," said Jay Bowman, director, FMI Services Group. "For most Meridian customers, the lack of document control and the need to standardize project management practices across their organizations were key drivers."

Survey results were tabulated and analyzed by FMI, and no individual responses were shared with Meridian. The report provides an overview of important buying criteria: the benefits enjoyed by companies adopting project management software, and estimated hard dollar savings as a result of implementing Meridian solutions. Additionally, customers provided in-depth interviews featuring further details on their use of construction project management technology.

The annual return on investment for survey respondents averaged more than $200,000, with savings increasing through time. For some organizations, the FMI survey data show that annual savings reached in excess of $1 million.

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