I’m constantly observing project owners and client-side project management firms having issues 😭 developing and implementing internally developed software systems and performance controls across projects and programs.
Whether it is a spreadsheet, SharePoint or even custom software the struggle is real for owners and client-side consultants who aren’t specialised in this capability. The result is:
Given the project-driven nature of the property, engineering and construction industry, nearly all client-side PM firms and owners are competitors 🏃♀️🏃♂️. As a result, an inherent lack of trust is the norm. Firms are reluctant to share innovations or info with each other, fearing a loss of competitive advantage
From this standpoint alone, it’s clear that the system should not be the property of, and therefore controlled by, an existing single party in the transaction. For all parties to benefit, the system should be operated by a neutral third party 👮♂️.
This method has been demonstrated through history
“Other owners and client-side project management firms won’t trust using a system owned by a competitor”.
A neutral, independent system not owned by consultants or owners
From history its clear that an independent capital project, program and portfolio management platform is inevitable and benefits all parties. An independent platform can enable trust and efficiencies of scale to drive the successful management of an owner’s capital and infrastructure project. Projects should use a platform that is operated by a neutral third party — not owned by a single stakeholder in the project ecosystem.
Users of the system needn’t worry about how, when, and by whom their data is accessed or controlled. The system is transparency and necessary information easily shared between the parties for the benefit of the project, program, and portfolio. This is fair and treats all participants equally in every form of information exchange 😇
Owners and client-side PM firms can save time, save money and increase the bottom line by using neutral systems. Those who have have discovered this have stopped competing and start benefiting from the significantly higher levels of efficiency that a licenced, independent Saas platform offers
Considering a system? A few concluding points
If you are an owner or client-side PM firm evaluating a system for your project, program or portfolio consider:
Mastt — a neutral platform for all owners and client side PM firms to benefit
At writing of this article Mastt is approaching nearly $10bn of projects, programs and portfolios using the platform.
Mastt, has been specifically built to handle complex capital & infrastructure management tasks that typically spans across owners and consultants, from Assistant PM’s to Program and Portfolio Managers.
Being neutral, Mastt offers our biggest clients huge efficiencies of scale as we are independent and instead work with all of industry to develop a system for industry.
Owners and consultants can save time and money by not investing in systems and rather moving onto Mastt.
All of this is backed by unmatched client service that ultimately drives user adoption and insights, maximizes return, mitigates risk, and promotes project success.
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"Mastt provides software that is currently at the forefront of owner/client-side project management for the construction industry and continues to change the way we operate for the better."