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Moreover, the significant role that PIM plays is reducing the abandonment rate by giving better product information. [1] PIM solutions are most relevant to business-to-consumer and business-to-business firms that sell products through a variety of sales channels in a range of industries. [2] The use of PIM is generally influenced by a company's:
The Construction Project Information Committee is an advisory group, comprising representatives of major UK construction industry institutions, which provides best practice guidance on the content, form and preparation of construction production information, and disseminates this throughout the industry.
"50 Divisions" is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the United States and Canada. [5] Standardizing the presentation of such information improves communication among all parties.
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics.
As an advanced construction management technique, it has been used by project delivery teams working on larger projects. [149] [150] [151] 4D BIM has traditionally been used for higher end projects due to the associated costs, but technologies are now emerging that allow the process to be used by laymen or to drive processes such as manufacture.
Product data management is the use of software or other tools to track and control data related to a particular product. The data tracked usually involves the technical specifications of the product, specifications for manufacture and development, and the types of materials that will be required to produce goods.
The construction project manager is sometimes referred to as an "Owner's Representative." The CM's role is to represent the interests of the Owner throughout the various phases of a project beginning as early as feasibility studies and conceptual planning of the project. Construction Managers help to inform good decision making on behalf of the ...
The process approach to project management developed in the 1980s, largely in Europe. [4] The main focus of this approach is the use of structured processes throughout project execution in order to achieve its objectives. [4]