CONNstruction - Winter 2017 - 23

What you may not realize, however, is how
much you're limiting yourself and your construction company by adopting this mindset.
Just as a company's policies and procedures
define how the company will function, a company's IT strategies help define how a company will grow. While resistance to change
is common, our ever-changing technological
world demands that companies adapt to
new developments and new strategies. An
IT strategy is essential, as it provides a living
document that can grow and change to keep
pace with the company's growth.
Utilizing stagnant or outdated technology in today's environment will only inhibit
a company's operations and bottom-line
success. It is necessary to bear in mind
that your competition is seeking its own
competitive edge; the IT strategy is a tool
that can be used to gain advantage in the
marketplace - not only in terms of growth
and competition, but also as a way to protect
the company, as risks are addressed within
the IT strategy document.
Developing and implementing an IT strategy will require time, resources, and funds;
yet, it will also serve to create efficiencies
in the future and increase your company's
technological return on investment. Every
piece of a company uses IT - from marketing
to finance to project management to design
to the job site - therefore, an IT strategic
plan will serve every facet of the company
and its users.

technology, including the risks inherent to
these items, and evaluating these against
the company's long-term goals, business
strategy, and capability for growth.

Summary
The idea of strategizing is not groundbreaking; however, strategizing your construction company's technological needs
and risks is more important now than ever.
Without a clearly defined and well planned IT
strategy, you may be limiting your company's

ability to grow in the market, as well as its
true potential.
To learn more about how CohnReznick
can help you develop an IT strategy that
is customized to the operations of your
construction company, please contact
Rebecca Lyman, manager, at 959-200-7074
or Rebecca.lyman@cohnreznick.com. Visit
CohnReznick's Construction Industry
Practice at www.cohnreznick.com for additional information.

Call
Before
You Dig

21/12/13 12:07 AM

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Practical Implementation
Any construction company is capable
of developing an IT strategy. Nevertheless,
some may find they lack the tools and
resources to successfully do so. Further,
some companies may find that the internal
resources needed to draft and implement
the IT strategy have competing priorities
related to their existing job responsibilities,
leaving them unable to divert from their daily
responsibilities. In such case, relying on an
external party could afford a company additional specialized knowledge, resources,
and manpower to effectively draft and implement an IT strategy - one that is suited to
the company's unique needs. The process
generally involves performing an assessment of the current systems, resources, and

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CONNstruction / WINTER 2017
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Table of Contents for the Digital Edition of CONNstruction - Winter 2017

Being Productive
The AGC of Connecticut Foundation: Serving the Industry’s Needs Through Charitable Giving
Productivity, Costs and the Future of Machine Control
Diving Into Unmanned Aerial Systems
Looking to the Future: How Technology will Disrupt and Improve the Construction Industry
Improve Operational Efficiency, Mitigate Risk, and Foster Growth with a Defined IT Strategy
2017 AGC/CT Industry Recognition Awards & Dinner
2017 CRBA Annual Fall Dinner Meeting
2017 Diggers Mixers Fixers: Jim Langlois Memorial Golf Outing
YCF Fall Membership Meeting
Index to Advertisers/Advertiser.com
CONNstruction - Winter 2017 - Intro
CONNstruction - Winter 2017 - cover1
CONNstruction - Winter 2017 - cover2
CONNstruction - Winter 2017 - 3
CONNstruction - Winter 2017 - 4
CONNstruction - Winter 2017 - 5
CONNstruction - Winter 2017 - 6
CONNstruction - Winter 2017 - Being Productive
CONNstruction - Winter 2017 - 8
CONNstruction - Winter 2017 - The AGC of Connecticut Foundation: Serving the Industry’s Needs Through Charitable Giving
CONNstruction - Winter 2017 - Productivity, Costs and the Future of Machine Control
CONNstruction - Winter 2017 - 11
CONNstruction - Winter 2017 - Diving Into Unmanned Aerial Systems
CONNstruction - Winter 2017 - 13
CONNstruction - Winter 2017 - 14
CONNstruction - Winter 2017 - 15
CONNstruction - Winter 2017 - Looking to the Future: How Technology will Disrupt and Improve the Construction Industry
CONNstruction - Winter 2017 - 17
CONNstruction - Winter 2017 - 18
CONNstruction - Winter 2017 - 19
CONNstruction - Winter 2017 - 20
CONNstruction - Winter 2017 - Improve Operational Efficiency, Mitigate Risk, and Foster Growth with a Defined IT Strategy
CONNstruction - Winter 2017 - 22
CONNstruction - Winter 2017 - 23
CONNstruction - Winter 2017 - 2017 AGC/CT Industry Recognition Awards & Dinner
CONNstruction - Winter 2017 - 2017 CRBA Annual Fall Dinner Meeting
CONNstruction - Winter 2017 - 26
CONNstruction - Winter 2017 - 2017 Diggers Mixers Fixers: Jim Langlois Memorial Golf Outing
CONNstruction - Winter 2017 - 28
CONNstruction - Winter 2017 - Index to Advertisers/Advertiser.com
CONNstruction - Winter 2017 - 30
CONNstruction - Winter 2017 - cover3
CONNstruction - Winter 2017 - cover4
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