Monthly Archives: August 2014
Posted on August 28, 2014 by FMI CorporationConstruction projects are always unique and carry uncertainty, making risk analysis and management key in the project management success of corporate projects. Adding to the challenge is that the construction market has changed. Good, bad or indifferent, the recession has painted a new landscape with tighter margins and less room for error.
This post was posted in Consulting, Millennials and was tagged with Offensive Risk Management Strategy, Defensive Risk Management Strategy, Risk Management Strategy in the Construction Industry, Construction Risk Management Strategy
Posted on August 18, 2014 by Phil WarnerThe great man of letters and champion of reason, Voltaire might have been talking about climate change when he wrote, “Men argue. Nature acts.” Men and women argue about climate change and global warming, but nature does what nature does, be it drought, doldrums, snow, rain and hurricanes. Argue as we will, we inevitably enjoy and suffer the acts of nature. Much the same can be said about the economy. Pundits and politicians argue—incessantly—and the economic climate changes in spite of argument and often in reaction to climate change. For instance, nasty winter weather and a continuing drought in the West are among the key explanations for a slowing economy in the first quarter.
Posted on August 11, 2014 by FMI CorporationFor those of you that do not know Cynthia Paul, professionally, Cynthia is a managing director with FMI's Management Consulting group. Cynthia has worked at FMI for 31 years, where she supports industry organizations to position them to capture market share and grow profitability. In addition, Cynthia is a devoted wife and mother, and rumors have it that last year she shot a moose!
Posted on August 11, 2014 by FMI CorporationToday’s business environment is very different from six years ago when the pace of economic progress seemed unstoppable. With fewer prospects for growth and expansion, today’s design and construction companies are forced to fact-gather and research their markets, existing and potential customers, as well as competitors, ever-more carefully – failure to pay attention to changes in old markets or new opportunities could cost them their existence. Understanding client behavior – what makes them tick, how they make decisions, how they buy work and so forth – has become a critical element in today’s business dealings, particularly in the design and construction industry where people and relationships are key.