W6._Norbert Eze_ Percentage of Projects on Which BIM ROI Is Measured

W6._Norbert Eze_ Percentage of Projects on Which BIM ROI Is Measured

By norberteze on December 4, 2012

I.      PROBLEM RECOGNITION, DEFINITION AND EVALUATION

In order to better understand the potential of BIM, many users have made formally measuring ROI a part of their internal processes. Tracking ROI on BIM projects can be a tricky proposition. Although possible, the numerous variables and unique aspects of every project typically make it a challenge to compare results of one BIM project to a similar completed project where BIM wasn’t used. Users often need to gather a wide range of data from various sources and have a sufficient library of data on similar projects that can be used for comparison. As more industry-standard metrics are developed, the ability to track ROI could improve in the coming years.

II.    DEVELOPMENT OF FEASIBILITY ALTERNATIVES

The feasible alternatives on Percentage of Projects on Which BIM ROI Is Measured:

2      Level of Measurement

3      Experience

4      Future Outlook

5       

III.   DEVELOPMENT OF OUTCOMES FOR EACH ALTERNATIVE

By surveying thousands of AEC participants in North America from the full spectrum of Percentage of Projects on Which BIM ROI Is Measured learnt by SmartMarket is graphically shown below in a snapshot:

IV.  SELECTION OF A CRITERION (OR CRITERIA)

1.      Level of Measurement

            Contractors see the highest ROI, with seven out of ten (71%) reporting positive results.

            Contractors are likely to see more tangible benefits, such as savings realized through clash detection. Because BIM was initially developed with a focus on designers, contractors as a group are relatively new to the technology and its expanding range of tools. The fact that so many contractors see positive results today suggests that additional value could be realized in the future as they gain more experience.

2        Experience

            Owners are as likely as contractors to see a high ROI with seven out of ten (70%) reporting positive results. As the ultimate client, owners realize the combined benefits from all team members that experience positive ROI. The fact that a large majority of owners believe BIM yields positive results bodes well for expansion of BIM use in the coming years. Team

            members say client demand is the primary driver for adoption of BIM. If owners ask for it, team members will follow.

2.      Future Outlook

            Around six in 10 architects (58%) using BIM see positive ROI. As designers, they experience less of the direct cost savings seen in the field and realize many intangible benefits such as improved coordination of drawings and documents.

V.    ANALYSIS AND COMPARISON OF THE ALTERNATIVES

Based on survey of thousands of AEC participants in North America from the full spectrum of Percentage of Projects on Which BIM ROI Is Measured, SmartMarket learned that tracking ROI on BIM projects can be a tricky proposition. Although possible, the numerous variables and unique aspects of every project typically make it a challenge to compare results of one BIM project to a similar completed project where BIM wasn’t used. Users often need to gather a wide range of data from various sources and have a sufficient library of data on similar projects that can be used for comparison

VI.  SELECTION OF PREFERRED ALTERNATIVE

Experts prove that, as users gain proficiency, they will find ways to leverage the technology to their benefit. As more industry-standard metrics are developed, the ability to track ROI could improve in the coming years.

VII. PERFORMANCE MONITORING AND POST-EVALUATION OF RESULT

Through the statistically market survey will enhance the performance monitoring and post-evaluation of result of Percentage of Projects on Which BIM ROI Is Measured.

References:

1.      McGraw-Hill Construction. (2009). SmartMarket…Report Design & Construction Intelligence. The Business Value of BIM…Getting Building Information Modeling to the Bottom Line, (pg 7). Retrieved from http://books.google.com/books/about/BIM_handbook.html?id=IioygN0nYzMC&redir_esc=y

2.      Purdue OWL APA style. (2011). APA formatting and style guide, pg (10). Retrieved from http://owl.english.purdue.edu/owl/resource/560/19

3.      Sullivan, W. G., Wicks, E.M., & Koelling, C.P. (2012). Engineering economy, (15th ed.)  (Chapter 1) (pp. 29)