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Save $400 Billion: Optimize

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A 2013 report from McKinsey speaks directly to some of the key challenges Kinetech PM addresses. You can find the whole article here, but the key takeaway for private enterprises is that streamlining their operations is the key to $100 Billions in savings for the entire industry. In McKinsey's own words: Streamline delivery. This area presents an opportunity to save up to $400 billion annually and accelerate timelines. To streamline delivery, it will be necessary to speed up approval processes, invest heavily in the early stages of project planning and design, and structure contracts to encourage time and cost savings. Contracts can lead to costs savings by, for example, encouraging the application of lean manufacturing to construction and the adoption of advanced construction techniques such as prefabrication and modularization.

These savings will stem from: - Faster approval processes (using IT vs. paper) - Streamlining collaboration (multiple vendors accessing the same system) - Eliminating the re-keying of data - Enhanced contract management

For years these types of operational enhancements were only available to businesses with deep pockets. Now, with the proliferation of multi-tenant and single-tenant Software as a Service (SaaS) these solutions are available to business of all sizes.

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