Article
Prevent Cost Overruns: 3 ways Procore's Resource Management drives project success
The construction industry faces unprecedented challenges with rising costs and workforce shortages, making efficient resource management more critical than ever. Global construction spending is expected to reach $22 trillion by 2040, requiring contractors to maximize their existing resources while dealing with a 41% workforce retirement rate by 2031.
Procore's Resource Management solution offers three key innovations that help contractors prevent cost overruns and maintain project profitability. By integrating equipment management, labor planning, and time tracking capabilities into a single platform, contractors can optimize resource utilization and control costs to drive project success.
Chapter 1
Integrated Equipment Management
Procore Equipment Management enhances how contractors manage heavy equipment, on-road vehicles, and high-value tools with a centralized, digital solution. Procore enables contractors to easily track availability and forecast equipment needs with powerful scheduling tools for better project planning. Equipment data connects with other tools such as Inspections, T&M Tickets, Timesheets, Daily Log, and Budget so contractors have accurate and updated information. This centralized approach provides real-time visibility into equipment location, utilization, and costs across projects, helping contractors optimize their fleet management and reduce unnecessary expenses.
“We're all in a labor shortage and running lean. We can feel more comfortable running lean if we can understand where our people are, how long they're going to be there and what that strategy looks like.”
Teryn Lamoreau
Operations Support Director
Jaynes Corporation
Chapter 2
Enhanced Labor Planning and Forecasting
Procore Resource Planning transforms workforce scheduling through an intuitive digital platform that replaces traditional whiteboards and spreadsheets. Contractors can strategically build teams and develop their workforce through comprehensive visibility into availability, certifications, and skill sets. Using drag-and-drop Gantt charts, contractors can efficiently manage projects, assignments, and resource requests from a single interface. This streamlined approach enables more precise planning and forecasting, helping prevent resource conflicts while optimizing workforce utilization.
“And so now, instead of one person keeping track of 100 people's time over the course of a week, we're able to keep track of one person keeping track of 6 to 8 people's time every day.”
Eric L. Rickabaugh
Chief Project Officer
Reinicke Athens
Chapter 3
Streamlined Time Tracking and Reporting
Procore Resource Tracking streamlines resource tracking through easy-to-mobile tools that enable workers to quickly capture time, materials, and equipment used on projects. Procore automatically sorts timecard hours into regular, overtime, and double-time categories, reducing administrative burden and avoiding potential errors. With T&M Tickets, field teams can easily capture, document, and track out-of-scope work so office teams can quickly generate a change request. Leveraging real-time insights into their labor costs, contractors can better identify at-risk scopes of work and act fast to protect their projects’ budget and profitability.
“We can quantify exactly how our jobs are going and where the labor hours are being spent. That type of work wouldn't have been possible without Procore.”
Mike Van Eerde
Director of Construction
Classic Fire and Life Safety
In today's construction industry, where resource optimization directly impacts project success, Procore's comprehensive Resource Management solution empowers contractors to maintain profitability and prevent cost overruns by consolidating equipment management, resource planning, and resource tracking into a single platform.
Transform your organization's resource optimization and improve your project outcomes by exploring Procore’s Resource Management solution today.