Search Results for: budget

A quarter of projects don’t meet their stated goals – but that’s not because of remote working

A quarter of projects don’t meet their stated goals – but that’s not because of remote working

by • Business, Flexible working, News

A quarter of all projects do not meet the business goals that their organisations set for them but remote working is not a major factor in outcomesA quarter of all projects do not meet the business goals that their organisations set for them, according to research published by the Project Management Institute (PMI) in the 15th edition of its Pulse of the Profession report – The Future of Project Work. The newly released report, based on the responses of over 2,000 project professionals and 300+ senior leaders around the world, paints what the report says is a concerning picture of project outcomes across various industries globally. The report also highlights the reasons for this and excludes remote working as a major factor. (more…)

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

by • News, Public Sector

The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029.The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029. The statement focuses on public sector productivity because the government says it is “an alternative to accepting an ever-increasing bill for public services as [it] sticks to its plan to move on from the high spending and high tax approach that was necessary to get the UK through the shocks of Covid and Russia’s invasion of Ukraine. A new focus is needed on the long-term decisions required to strengthen the economy and give people the opportunity to build a wealthier, more secure life for themselves and their family.” (more…)

“Security-by-design” aims fall short, and building costs spiral as a result

“Security-by-design” aims fall short, and building costs spiral as a result

by • Architecture, Facilities management, News, Property, Workplace design

A report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix issuesA new report from Brivo claims that, while security is a new priority in building design, a mismatch between ambition and reality can lead to spiralling costs. The results of its research into integrated physical security in building design by Architecture, Engineering and Construction (AEC) practitioners have been published in a report called The State of ‘Security-by-Design’: Is Security an Afterthought in Building Design?[registration]. The report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix security issues, risking dire retroactive effects. (more…)

Firms want to embrace AI, but bewildered by range of options

Firms want to embrace AI, but bewildered by range of options

by • AI, News, Technology

The vast majority of Chief Information Officers plan to increase AI tool spending in 2024, but say their teams are overwhelmed by the number of apps on the marketThe vast majority of Chief Information Officers plan to increase AI tool spending in 2024, but say their teams are overwhelmed by the number of apps on the market. As a result, 77 percent are concerned about application sprawl adding to their complexity and security risks. That is according to a new report from Canva which includes insights from more than 1,360 CIOs on their priorities, opportunities and the challenges of managing their IT amid the AI boom. The company commissioned Harris Poll to survey CIOs from the UK, US, France, Germany, Spain, Brazil, Mexico, India, and Australia to understand how they’re managing application sprawl and making decisions about workplace tools in the AI era. (more…)

Return to office mandates linked to higher business travel costs

Return to office mandates linked to higher business travel costs

by • Flexible working, News, Technology

a key finding in new research by Uber for Business  which claims to reveal a resurgent demand for business travelThe majority of UK travel managers (89 percent) say travel is a growing business priority in 2024, anticipating increased budgets driven by return-to-office policies, inflation and ESG requirements. This is a key finding in new research by Uber for Business  which claims to reveal a resurgent demand for business travel. The research, drawing insights from over 250 corporate travel managers across the UK, sets out to explore the top business travel trends and challenges to watch in 2024. In this landscape of shifting dynamics, where emphasis on ESG requirements is intensifying, there is an increasing need for innovative travel management solutions, the firm says. (more…)

Lab rats – how the UK life sciences sector is struggling to find space to work

Lab rats – how the UK life sciences sector is struggling to find space to work

by • Features, Premium Content, Property

The UK wants to build on its already successful position as a globally important player in the life sciences and pharma sectors. Yet it is struggling to create enough space for growth in the right places and having to rethink wher research and innovation takes place In November 2023, plans to turn part of a golf course next to a motorway into a £340 million science park were refused by South Oxfordshire District Council. Although now classified as greenbelt, the location was the site of a landfill as recently as the 1990s and is just a stone’s throw from both the A40 trunk road and M40 motorway. The developers are expected to appeal. Whatever the details of this story, it is an example of how challenging it can be to meet demand for lab and life sciences space in the so-called Golden Triangle of London, Oxford and Cambridge in the South of England. This lack of supply is acting as a brake on the UK Government’s dream of making the country a “science superpower”. (more…)

Over one quarter of employees do not trust their CEO to be honest and transparent

Over one quarter of employees do not trust their CEO to be honest and transparent

by • News, Workplace

A new poll claims that over one quarter (26 percent) of employees in the UK do not trust their CEO to be open and honest, while 24 percent do not trust their senior leadership to do the same. According to the survey of 2,000 employees in the UK from Personio, transparency and employer-employee communication are pivotal to a positive employee experience and trust in the workplace. The research suggests that feeling unheard by leadership could be fuelling employees’ distrust. Over a quarter (28 percent) of employees surveyed say that they are not given a chance to share feedback to leadership on their experiences. Meanwhile, less than half (46 percent) of employees feel that leadership in their organisation actually listens and acts on any feedback when given from staff. (more…)

Understanding how to project financials for a startup business

Understanding how to project financials for a startup business

by • Company news

Launching a startup can be an exciting endeavor that requires thorough planning and preparation. One of the most essential and challenging aspects of planning a startup is projecting the financials. To make credible financial forecasts, it is crucial to have a solid understanding of the fundamental aspects of projecting financials. In this article, we delve into the art of projecting financials for a startup business. (more…)

The challenge for fit-out firms is to deliver best value despite supply chain challenges

The challenge for fit-out firms is to deliver best value despite supply chain challenges

by • Comment, Facilities management, Property, Workplace design

Whilst industry supply and demand dynamics may have found a level of equilibrium since the pandemic, geopolitical tensions, economic disruptions, and an unstable domestic policy environment continue to have an impact on the office fit-out marketThe past year has been a challenging one for London’s commercial fit-out market. Whilst industry supply and demand dynamics may have found a level of equilibrium since the pandemic, geopolitical tensions, economic disruptions, and an unstable domestic policy environment continue to have an impact. In tandem with this, the commercial fit-out market is adapting to changing needs; from accommodating hybrid working models to growing demands for sustainability and reuse, the workplaces of today are ever changing. (more…)

Firms are throwing resources at AI knowing they are likely to fail

Firms are throwing resources at AI knowing they are likely to fail

by • AI, News, Technology

three quarters of UK businesses are gearing up to invest in AI over the next 12 months without really knowing what they are doingDespite a recent track record of failure when implementing digital strategies, more than three quarters of UK businesses are gearing up to invest in artificial intelligence over the next 12 months without really knowing what they are doing. Nearly three-quarters (73 percent) admit to being ill-prepared for the integration of the technology into their operations, according to new survey. The report [registration] from tech consultancy Infinum  suggests that over two-thirds of UK businesses that invested in digital products over the past five years have faced failure and are about to invest in AI knowing of their own poor track record. (more…)

Real estate tech strategies advance AI, workplace and sustainability

Real estate tech strategies advance AI, workplace and sustainability

by • AI, News, Property, Technology

Commercial real estate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global Real Estate Technology Survey. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue. In fact, real estate tech budgets are set to grow faster than investments in?headcount, footprint and operating budgets, the report suggests.  (more…)

Projects from Portugal, Belgium and France winners of the 2023 ULI Europe Awards for Excellence   

Projects from Portugal, Belgium and France winners of the 2023 ULI Europe Awards for Excellence   

by • Architecture, Company news

Three built environment projects that have, respectively, restored an historic market building in Porto, delivered 182 individual school projects in Flanders, and created a hybrid, mixed use flagship development in Paris, have been announced as winners in the 2023 Urban Land Institute (ULI) Europe Awards for ExcellenceThree built environment projects that have, respectively, restored an historic market building in Porto, delivered 182 individual school projects in Flanders, and created a hybrid, mixed use flagship development in Paris, have been announced as winners in the 2023 Urban Land Institute (ULI) Europe Awards for Excellence. The awards set out to recognise outstanding built environment projects in the private, public, and non-profit sectors, celebrating excellence in land use practice across the entire development process, from planning and construction to economics, management, sustainability and resiliency, community impact, and architecture and design. (more…)

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