W7._Norbert Eze_ Value of BIM on the Horizon

W7._Norbert Eze_ Value of BIM on the Horizon

By norberteze on December 10, 2012

I.      PROBLEM RECOGNITION, DEFINITION AND EVALUATION

A majority of BIM users say they see value in BIM today, but the full potential of its benefits has yet to be realized. Very few BIM users say they are getting everything out of BIM that they believe it can provide. Most of the remaining users are evenly split between those saying they are getting a great deal of value out of BIM but believe there is more to be gained (45%) and those who believe they are just scratching the surface of what BIM can provide to them (48%). Experience weighs heavily in users’ accounting of the business value of BIM. Eighty-eight percent of experts believe they are either getting everything out of BIM that they can, or that they are getting a lot of value compared to only 9% of beginners.

II.    DEVELOPMENT OF FEASIBILITY ALTERNATIVES

The feasible alternatives on Value of BIM on the Horizon:

·         Contractor

·         Owner

·         Architect

·         Engineer

III.   DEVELOPMENT OF OUTCOMES FOR EACH ALTERNATIVE

By surveying thousands of AEC participants in North America from the full spectrum of Value of BIM on the Horizon learnt by SmartMarket is graphically shown below in a snapshot:

IV.  SELECTION OF A CRITERION (OR CRITERIA)

1.    Contractor

A majority of contractors (52%) already see value in BIM and believe more can be gained. They are the most likely group to believe this.

2.    Owner

Although seven in ten owners say they are experiencing positive ROI today, a majority of them (61%) believe they are just scratching the surface when considering the value of BIM. They are the most likely group to believe this.

3.    Architect

Six in ten architects report seeing positive ROI on BIM. A third of those claim returns in the 10-25% range, and half claim greater than 25%. Only 2% feel they are currently experiencing its maximum value.

4.    Engineer

Engineers are the most pessimistic about the value of BIM, with 12% saying they see no meaningful value from it. Around three in five engineers say they are just scratching the surface when considering the value of BIM. In part, this represents the struggle of engineers to find sufficient BIM content or functionality of software for their purposes. As software development catches up with demand, this attitude would likely change.

V.    ANALYSIS AND COMPARISON OF THE ALTERNATIVES

Based on survey of thousands of AEC participants in North America from the full spectrum of perceived ROI of experience which SmartMarket learned that Experience weighs heavily in users’ accounting of the business value of BIM. Eighty-eight percent of experts believe they are either getting everything out of BIM that they can, or that they are getting a lot of value compared to only 9% of beginners.

VI.  SELECTION OF PREFERRED ALTERNATIVE

A majority of contractors (52%) already see value in BIM and believe more can be gained. They are the most likely group to believe this.

VII. PERFORMANCE MONITORING AND POST-EVALUATION OF RESULT

Through the statistically market survey will enhance the performance monitoring and post-evaluation of result of Value of BIM on the Horizon.

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 6-7). 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)