New FMI Research Documents the Benefits of Implementing Construction Project Management Software
Meridian customer study details how businesses realize ROI from using project management solutions from Meridian Systems
FOLSOM, Calif. (June 24, 2008) – Meridian Systems, a software solutions leader for improving capital program and construction project performance, announced today the availability of a new research study from FMI Corporation (FMI) that documents how organizations are using construction project management solutions to achieve qualitative business benefits and significant return on investment. This study can be downloaded from the Meridian Systems website at no charge by going to: http://my.meridiansystems.com/downloads/. Users will need to register to access the survey report.
In March 2008, Meridian commissioned FMI to conduct an independent user study to analyze the impact to organizations using construction project management software from Meridian Systems. The report titled “Utilizing Construction Project Management Technology to Create Best-in-Class Organizations,” represents responses from a random sample of Meridian customers.
“Understanding the business challenges that drive organizations to adopt construction project management technology was key to this study,” said Jay Bowman, director, FMI Services Group. ”For most Meridian customers, the lack of document control and the need to standardize project management practices across their organizations were key drivers.”
Survey results were tabulated and analyzed by FMI, and no individual responses were shared with Meridian. The report provides an overview of important buying criteria: the benefits enjoyed by companies adopting project management software, and estimated hard dollar savings as a result of implementing Meridian solutions. Additionally, customers provided in-depth interviews featuring further details on their use of construction project management technology.
The annual return on investment for survey respondents averaged more than US$200,000, with savings increasing through time. For some organizations, the FMI survey data show that annual savings reached in excess of US$1 million.
About FMI
FMI is the nation’s largest provider of Management Consulting and Investment Banking to the worldwide construction industry. Founded in 1953 by Dr. Emol A. Fails, FMI delivers innovative, customized solutions to contractors; construction materials producers; manufacturers and suppliers of building materials and construction equipment; facility owners, managers, and developers; engineers and architects; surety companies; and industry trade associations. For more information, visit http://www.fminet.com.
About Meridian Systems
Meridian Systems, a Trimble Company (NASDAQ: TRMB), provides software solutions that improve capital program, project and facility performance. Meridian product and service offerings enable building owners, construction firms, and public agencies to streamline the plan-build–operate project lifecycle, reducing construction costs, schedules, and project risk. Meridian has been ranked the market share leader for project management software by Constructech magazine,1 and by the CFMA among general contractors larger than $101 million in revenue.2 For more information, call Meridian Systems at (800) 850 2660, or visit: www.meridiansystems.com.
12008 National Construction-Technology Survey, Constructech Magazine.
2CFMA’s 2008 Information Technology Survey for the Construction Industry, seventh edition.
Meridian Contact
Tamara Kaestner, Marketing Programs Manager
(916) 294 2375,
tkaestner@meridiansystems.com
