Page 7 - _Q3_2023 Corp Newsletter_Final
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HOW DO WE DETERMINE THAT THE TOOLS,                        points to compare against, especially when integrating new

                                                                 processes or comparing performance across several projects.
      SYSTEMS, AND PROCESSES (TSP) WE PUT                        In construction, even with the same project, the data is


      IN PLACE ARE PRACTICAL?                                    rarely static and directly comparable, so standardizing the
                                                                 collected data points enables a way to compare a project’s

      The answer to this question comes in a variety of ways. First   outcome against its goals and with other projects.”
      and foremost, we learn from feedback from our employees, our
      customers, and our results. We operate in an environment of   According to Fred Meeske, Senior Vice President,

      constant change.  The demands of our customers and the fluidity   Rosendin collects a lot of standardized data for both active


      of the markets we serve require us to focus on continuous   projects and as metrics for measuring the performance
      improvement in all aspects of our business. For these reasons,   of processes. These metrics allow us to understand the
      our TSPs are never a finished product but only the most current   performance of projects related to their stated goals.





      iteration. The next evolution will need to be more efficient and   “There are countless examples of the use of data throughout
      of a higher quality than the last, and if something isn’t working,   Rosendin. Within the BIM department, it has enabled the
      we can’t be afraid to scrap it and create something better.   implementation and use of new conduit routing software,





      Over the last two years, Rosendin's Operational Excellence Team   hanger placement processes, and interdepartmental
      has presented dozens of ideas for TSPs. Six of these have been   reviews and discussions,” says Meeske. “One of the main



      evaluated, approved, completed, and implemented. These new   differentiators that Rosendin pioneered is connecting

      TSPs are constantly being reviewed to assess their effectiveness   multiple data sources into a single funnel, which allowed us




      and practicality.                                          to have insights that span multiple departments and business
                                                                 units, which would have previously been impossible.”
      It is understood that no two projects are alike, so what may be an


      effective TSP on one project may not work for another. Personnel   Meeske continues, describing how we gather, interpret, and

      changes, project circumstances, and team experience can all   apply the data. “First, Rosendin collects standardized metrics
      impact how a new TSP applies across the company. Rosendin is   about its internal processes, especially when considering



      gathering the data surrounding these new TSPs to help refine   changing or updating them with new tools and software. It
      and perfect them.                                          is easy to fall for ‘the magic trick‘ or the cool factor behind
                                                                 introducing new solutions. Standardized metrics allow for more



      HOW ARE WE USING THE DATA THAT THE                         direct, analytical, and objective analysis and feedback, allowing
                                                                 us to improve and quantify the improvement continuously.


      TECHNOLOGY AND ANALYTICS AND FINANCE                       “Secondly, for teams starting to build data standards and


      TEAMS ARE GATHERING TO MAKE BETTER                         processes, it is essential to keep two things in mind: First,
                                                                 create an interdisciplinary team focusing on easily achievable
      DECISIONS AS A GROUP?                                      goals. This will enable you to learn while still providing




      As we continue to see rapid growth across the company, a   immediate value. More intricate questions with more effort
                                                                 and time requirements can have a more significant impact,



      solid data strategy is more critical than ever. The Technology   but nothing beats the immediate impact when starting. The

      and Analytics team collects massive amounts of data from   team can start tackling more challenging questions once



      all business areas. When using it properly, we can identify   momentum is built and the questions are well-defined.



      trends and gain insights into our operations and customers.
      In turn, we can identify inefficiencies and correct them to



      help reduce costs and highlight areas of opportunity that          “Second, and more importantly,
      can drive top-line revenues and improved profitability.



      Collecting the right data, organizing it well, and displaying       build the metrics to be flexible.”

      it in real-time allows us to make better decisions faster.


      As Jad Chalhoub, Director of Business Analytics, notes, “It   There is a misconception that data is very stringent and static,


      is important to remember that standardization in general,   but in reality, data is very fluid, especially from where it can be



      especially data standardization, is a tool, not a goal. Data   collected and generated.

      standardization is important in allowing comparisons
      when repeated measurements with single variate changes     It is essential to connect as many distinct data pieces as possible




      are impossible, which can uniquely benefit construction.   to enable more interconnectedness and deeper insights in


      Standardization has provided several benefits for Rosendin,   the future. Remember that good foundations will save you

      depending on where it was applied. For example, standardizing   significantly more time and effort in the long run, instead of



      the data points we collect allows us to create reference   repeating things multiple times. 



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