Framework for Pursing Innovation

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Suffolk Construction Company, Inc. 1 Framework for Pursuing Innovation Providing Focus and Alignment To Drive Both Growth and Transformation

Transcript of Framework for Pursing Innovation

Page 1: Framework for Pursing Innovation

Suffolk Construction Company, Inc.1

Framework for Pursuing Innovation

Providing Focus and Alignment To Drive Both Growth and Transformation

Page 2: Framework for Pursing Innovation

Suffolk Construction Company, Inc.2

INNOVATION IS DRIVEN BY CULTURE

Our objectives are to enhance the culture of innovation

• Idea Generation/Capture – Identify, evaluate and pursue initiatives from around the company

• Build Awareness/Drive Engagement – Ensure everyone understands what is happening across the company and is active participating in initiatives

• Build the Organization’s Strength – Integrate innovation-related development activities with our L&D processes

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Suffolk Construction Company, Inc.3

FRAMEWORK USED TO DRIVE INITIATIVES

Pursue initiatives aligned with creating value now and in the future

• Experience – Maximize the value in every interaction

• Plan – Drive predictability throughout the entire process

• Control – Ensure alignment with the plan

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Suffolk Construction Company, Inc.4

INITIATIVES: FOCUS ON THE VALUE POTENTIAL BOTH IN THE IMMEDIATE AND LONGER TERM

Sustaining(Necessary to Compete)

Disruptive(Within the Company)

Transformative(To the Industry Overall)

Experience

Improve the efficiency and effectiveness of our teams through the use of next generation technology

Change how we communicate internally and externally with the use of virtual reality

Change expectations of owners and improve efficiency by using new processes and technologies which enable true mainstream integration of VR and AR

Plan

Drive efficiency and visibility into the projects through integration of the Model and Schedule

Change the way we plan and respond to changes in real time through integration of the Model and Materials

Deliver greater value and position the company to provide ongoing facilities management through a standardized approach to the owner turnover process

Control

Improve efficiency and effectiveness through Reality Capture and Real Time Tracking on jobsites

Change how we monitor and assess jobsite performance through more timely and integrated monitoring of jobsite information aligned with the Model

Change the way building is done to improve safety, productivity, and ongoing maintenance by employing “smart” solutions, full lifecycle integration of activities and data, and real time tracking across all jobsites

This is WHY

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INITIATIVES: TECHNOLOGIES + ABILITY TO SCALE = INCORPORATION INTO OUR TOOLBOX

Sustaining(Necessary to

Compete)

Disruptive(Within the Company)

Transformative(To the Industry Overall)

Experience Collaboration ToolsVirtual Reality Rollout and Adoption

Advanced Visualization using Virtual and Augmented Reality

Plan 4D Modeling 5D Modeling6D Modeling including ongoing Facilities Management

ControlSystemic use of Reality Capture using current technologies

Reality Capture and Monitoring integrated with the Model

“Internet of Things” integrated with the Model represented with Augmented Reality

This is WHAT