Project Management in every industry has its challenges and the Construction Industry is no exception. The adoption of Electronic Signatures is proving to be incredibly effective in overcoming traditional challenges and contributing to successful project delivery. Here are 5 key factors for successful Project Management in Construction and how Electronic Signatures (e-Signatures) can play a pivotal role in each.
1. Meticulous planning: The key is ‘meticulous’ and that takes time. Electronic Signatures help by streamlining the signature collection process, eliminating the need for printing, signing, scanning, distributing and tracking down documents. Saving time and reducing delays, allows project managers to focus on other aspects of planning so key to successful project delivery.
2. Effective communication: Studies show that communication is the number 1 reason for project failure. Electronic Signatures can improve communication by allowing stakeholders to sign documents from anywhere, at any time, and on any device, keeping all participants on the same page. Collaboration is easier, turnaround times are improved, and everyone loves the convenience.
3. Risk management: Fraud and disputes are Project Managers’ worst nightmares. Electronic Signatures are especially effective in addressing risk management. Audit trails record who signed a document, when they signed it, and from where. Electronic Signature solutions ensure that only authorized individuals are able to sign documents and their electronic verification confirms that the signatures are valid.
4. Attention to detail and error avoidance: Excellence is in the detail. Electronic signature solution version control provides a clear record of who has signed what and helps ensure all stakeholders are working from the same version of a document, reducing the chances of misunderstandings and miscommunication.
5. Cost management: Cost overruns are a key factor in construction project failure. This is where Electronic Signatures truly shine. Cost savings are real by reducing paper and printing costs, eliminating the effort to chase down lost paper documents and associated delays in approvals. Electronic Signatures will be your silent partner in successful on-budget delivery.
So simple yet so effective. Who would have thought that electronic signatures could be so effective in arming construction project managers for success!
SignatureMaster™ is an electronic signature solution that offers all these benefits. Our Construction Industry clients have not looked back after adopting the SignatureMaster™ platform. For more information and a quick online demo, contact us at info@xenex.ca to see how easy it is to equip your project managers with this powerful tool.