While there have long been various tools to manage each of these components, APC is different in that it helps provide precision much earlier in a project life cycle.
As a result, project stakeholders can make more informed decisions during design, taking into account considerations like costs; schedules; risk; Environmental, Social and Governance; and replacement costs before materials are even specified for the project.Another area where APC tools and analytics make a difference is in design. Not just how a project will look once completed but how every inch of space is used and constructed.
Coupling Digital Twin with advancements like augmented and virtual reality also promotes collaboration among all project stakeholders that goes well beyond two-dimensional blueprints and renderings. These immersive technologies allow every person involved in a project to visualize its completion throughout, generating consensus well before major investments are made.
Whether that is through internal research or by collaborating with a knowledgeable partner, being at the forefront of technology will increasingly determine whether a project is done on time and within budget.