Future Construction Industry Trends | Page 52
Statistical Analysis - Statistical analysis is a component of data analytics. In the context of business
intelligence (BI), statistical analysis involves collecting and scrutinizing every single data sample in a set
of items from which samples can be drawn. Statistical analysis can be broken down into five discrete
steps, as follows: Describe the nature of the data to be analyzed; Explore the relation of the data to the
underlying population; Create a model to summarize understanding of how the data relates to the
underlying population; Prove (or disprove) the validity of the model; Run un scenarios that will help
guide future actions. The goal of statistical analysis is to identify trends. Source:
www.whatis.techtarget.com
Statistician - Use statistical methods to collect and analyze data and help solve real-world problems in
business, engineering, the sciences, or other fields. Source: www.bls.gov
Supply Chain Management - Supply chain management (SCM) is the management of the flow of goods.
It includes the movement and storage of raw materials, work-in-process inventory, and finished goods
from point of origin to point of consumption. Source: Wikipedia
Sustainability - The endurance of systems and processes. Source: Wikipedia
Systems Development & Integration - System Development – Insuring that the system to be developed
will fit correctly in the customer’s infrastructure, that the technology used is consonant to that used by
the organization, and that maintenance will not represent a burden to the operation. Systems
Integration –Systems can no longer perform independently, the information infrastructure of any given
organization will be most valuable when it acts as one, as though one set of information traverses from
domain to domain (system to system) seamlessly, reducing the end-user’s effort on maintaining
“multiple systems”. Source: NCR
Team building - A philosophy of job design in which employees are viewed as members of
interdependent teams instead of as individual workers. It is said to have benefits of self-development,
positive communication, leadership skills and the ability to work closely together as a team to solve
problems. Source: Source: www.businessdictionary.com
Team building skills - Team building is an ongoing process that helps a work group evolve into a
cohesive unit. The team members not only share expectations for accomplishing group tasks, but trust
and support one another and respect one another's individual differences. Examples of skills to Building
an Effective Team: Establish your leadership with each team member; Consider each employee's ideas
as valuable; Be aware of employees' unspoken feelings; Act as a harmonizing influence; Be clear when
communicating; Encourage trust and cooperation among employees on your team; Encourage team
members to share information; Delegate problem-solving tasks to the team; Facilitate communication;
Establish team values and goals; evaluate team performance; Make sure that you have a clear idea of
what you need to accomplish; Use consensus; Set ground rules for the team; Establish a method for
arriving at a consensus; Encourage listening and brainstorming; Establish the parameters of consensusbuilding sessions. Source: HumanResources.com
Teamwork - The combined action of a group of people, especially when effective and efficient. Source:
Wikipedia
Technical writing - Technical writing is any written form of technical communication used in a variety of
technical and occupational fields, such as computer hardware and software, engineering, chemistry,
aeronautics, robotics, finance, consumer electronics, and biotechnology. Source: Wikipedia
Technology Applications - Use technology-related terms, concepts, data input strategies and ethical
practices to make informed decisions about current technologies and their applications. Source:
http://www.businessdictionary.com
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