Plans are often predicated on best-case scenarios that don’t always recognise the contribution of past experiences. The effects are exacerbated by placing significant reliance on initial budget expectations, the anchor.
So, How Can a Digital Approach Reap Better and More Predictable Outcomes?
Faithful+Gould has developed a market-leading, holistic, approach which embraces the power of digital. We are experts at supporting our clients to implement a digital approach at corporate, capital planning or asset management stage. We have developed a new digital approach to strategic asset planning, delivery and operations that harnesses both existing and new data sources.
We have developed Envision to assist with the capital investment planning process at portfolio or project level. We can demonstrate the effect of decisions made at master planning or the briefing stage and that’s helping our clients visualise the impact. Instantly. Envision provides a digital detailed brief that directs design development rather than merely costing design outcomes. It alleviates waste in re-work, re-design and reduces change and by reducing contingency held across a portfolio, clients are creating significant reinvestment opportunity.
It’s a structured approach and by applying advanced analytics, we are harnessing the power of data to develop unique insights into whole-life decision-making.
Envision brings numerous data channels together to help us interpret and advise on the unique factors that influence viability, profitability and successful delivery. We can generate alternative scenario-based outcomes in real time allowing us to guide and articulate the whole life project brief; and provide a framework to drive the design for successful project delivery.
Bringing our digital tools together is fundamental to project success and helps form the foundations for strategic portfolio planning. Retrospective Building Information Modelling - Retro-BIM – is providing a fantastic platform to capture asset details, insight from post-occupancy evaluation and costs-in-use data. Asset Predictor helps shape and prioritise the investment strategy; providing focussed expenditure across the existing portfolio.
So, if we’re all predisposed to succumb to the ‘planning fallacy’ and ‘anchoring’ biases, the quality of the data and interpretive tools we use are critical if we’re to make sound, rational decisions.