Accruent continues to release best-practice templates for our project management software solution — exclusively for customers. Our goal for creating these templates is to equip customers with access to proven methodologies learned from partnering with industry-leading companies to manage over 100,000 site openings and remodels.
As the market leader in construction project management, we at Accruent have deep expertise in helping companies increase workflow effectiveness so that they can solve business challenges, open stores more quickly, reduce costs and increase revenue.
COVID-19 Has Changed the Game
COVID-19 has disrupted the retail landscape, impacting market segments in very different ways.
According to an IDC presentation entitled COVID-19 Retail Industry Impact, grocery, pharmacy and convenience stores have seen demand increase by more than 40% since the pandemic declaration. In contrast, apparel, specialty and department stores have lost nearly all their store business, accounting for 80% of revenues on average. Regardless of segment, COVID-19 is changing the way retailers do business in their stores.
Among the changes expected in various retail segments are wider aisles to reduce human contact, new merchandising formats to facilitate contactless product exploration, and increased space dedicated to curbside pickups.
In the wake of COVID-19, retailers are faced with the challenge of reformatting stores to ensure that customers feel safe and complying with government mandates. However, many organizations may be relying on reduced staff to manage these projects, making project management technology as crucial as ever.
Watch the webinar “Retail’s Ever Changing Needs and How a Project Management Solution Can Help.”
How Accruent's Construction Project Management Templates Can Help
A lack of coordination and efficiency in workflows is a common source of delays and financial waste - including higher expenses, project delays and ultimately reduced profits. Knowing what is working for leading companies and what is endorsed by industry experts can help stem the tide.
In order to ensure customers have access to this knowledge, Accruent combined in-house expertise with techniques recommended by the American Institute of Architects (AIA) to create a series of best-practice templates.
These templates provide suggested workflows for:
- Improved cost and project tracking to give visibility and assist project managers in avoiding project cost overruns
- Optimized change order processes to minimize any financial impact and delays due to plan changes
- Effective schedule management to manage multiple project deliverables and contingencies
- Improved request for information (RFI) process management
- Streamlined management of competitive bidding, including soliciting, collecting, and managing bids, to improve communication and tracking of this information
- Best practices for utilities tracking for electric, water, gas, sewer, and trash services to easily manage disconnection dates, meter numbers, deposits, and more
The addition of these task-specific templates will help new users quickly maximize success and minimize waste like the most sophisticated software users.
Find out how Genesco achieved success with our Lx Projects solution.
A Modern, Efficient Project Management Solution
Accruent's project management software solution enables users to shorten timelines, control costs and improve collaboration between teams. Accruent offers an end-to-end retail lifecycle software platform, which assists retailers in all aspects of facilities operation — including site selection and planning, construction project management, lease administration and accounting, contract management, project tracking and facility management. Accruent platforms currently serve more than half of the 100 largest retailers in the United States.