Project-based industries such as real estate and construction have very different business challenges from other manufacturing or process based industries. Almost every project is unique, often with a new team, so each is a new challenge from the outset. In large organization, these challenges are intensified.
The most common challenges to all project-based businesses are: Quality, Cost, Time, Risk, Cash flow, and Resources. The way these factors are managed, both individually and collectively, determines the success or failure of a project, and ultimately of the project-based businesses behind it.
A well designed and implemented 5D Project information process will allow an organization to achieve effective control over project constrains and internal resistance to change. A 5D Project information process link design, cost, and schedule in one system.