While BIM is increasingly becoming a necessity in architecture, it is still difficult to quantify the benefits it is bringing to the industry. Currently, there is no industry-standard method for calculating BIM’s Return on Investment (ROI) and, due to the complexities of the calculation, many firms have not adopted any consistent measurement practices to determine the monetary benefit that the technology has brought to their practice. The difficulty centers upon the fact that traditional analysis of ROI is unable to represent intangible factors that are important to a construction project such as avoided costs or improved safety.
Therefore, as the leading providers of BIM technology, Autodesk was interested in researching the subject. Their study, “Achieving Strategic ROI: Measuring the Value of BIM,” reveals that the role of ROI in technology decision making is shifting in that leading firms are seeking a more nuanced view of ROI to inform their strategy of investment and innovation.
Transcending the traditional “profit versus cost” calculation, companies are looking into different dimensions of the company to develop well-informed quantifications of their ROI for BIM.
