The construction industry is a key pillar of Australia’s economy. Previously contributing around 8-9 per cent of our GDP and employing over 1.3 million Australians, the industry has been suffering because of skyrocketing operating costs, severe labor shortages and growing skills gaps. These pitfalls continue to apply pressure to project timelines, resulting in increasing financial
Australia’s construction industry is navigating uncertain waters. While there has been robust growth with new projects and an uptick in building approvals, significant challenges remain in staying afloat and delivering projects on time and within budget. Higher capital requirements due to inflation, supply chain disruptions, and shortages of essential materials such as cement and timber,
1. Define organizational learning Organizational learning is the process of acquiring, sharing, and applying knowledge within an organization to achieve its goals. It involves creating and updating mental models, routines, and norms that guide behavior and decision-making. Organizational learning can enhance the adaptability, efficiency, and creativity of an organization, as well as its competitive advantage.
Maintenance, Repair, and Overhaul (MRO) organizations across commercial and defense sectors are facing mounting challenges that are only exacerbating existing labor shortages. It’s time to meet the challenges with digital technologies, AI, and innovative workforce strategies. Aging workforces and the resulting skilled labor shortages are the biggest challenge currently facing MROs. Over a third of commercial
For most service desk agents, the average day is unpredictable. The phone can ring at any time, about any type of issue. It could be a minor issue. It could be a catastrophic system failure which is impacting business revenue by the minute (Gartner estimates the average cost of network downtime at $5,600 per minute). The stakes are high and analysts know it. Being
1. Clear Goals Setting clear goals is essential for aligning team efforts and ensuring everyone is moving in the same direction. By articulating objectives with precision, you can eliminate confusion and give your team a concrete understanding of what needs to be achieved. This clarity empowers team members to prioritize tasks effectively and fosters a
What is IT operations management (ITOM)? IT operations management (ITOM) is a set of processes responsible for building, managing, and maintaining an organization’s IT infrastructure and is one of the main functions of Service Operation in the ITIL framework. Its related tasks revolve around the capacity, cost, performance, security, and availability of key technological components and
Estimating in Construction Estimating in construction can really be considered the basis of all project processes, it has an impact on everything that subsequently follows during the project. The estimate leads to the budget preparation, which leads on to the project budget, then the actual quantities and costs and so on… Estimating in construction is the process
1. What is digital transformation? Digital transformation is the process of using technology to create new or modify existing business processes, products, services, and customer experiences. It’s not just about adopting new tools or platforms, but about reimagining how you deliver value to your customers and stakeholders, and how you optimize your operations and capabilities.
Three years ago, sustainability goals were important but not necessarily business critical. Today, they’re non-negotiable. What changed? Economic pressure, regulatory requirements, and environmental accountability have transformed remanufacturing from a ‘nice to have’ into a competitive advantage. Remanufacturing isn’t just about restoring used products; it’s about creating sustainable competitive advantage in an increasingly circular economy. By
