Infrastructure Bill: Spending efficiently and making the most of your new budget

We always think project prioritization will be easier if we had ‘just a little more room in the budget’. In reality, we know that is a fool’s wish: there will always be more projects than budget and we will always be wanting or needing more.

The infrastructure bill has passed and you can now put your wish list to the test. Many projects that have been on the “want, but not need” or the “urgent, but not emergent” lists will finally get approved. How do you make the most of this influx of funds and maximize the number of projects that you can finally incorporate? How can you minimize individual project costs and maximize your teams’ efficiency?

Our recommendation: Start with tech.

Identify your inefficient processes by asking some of these questions:

  • Where are you still using paper?
  • Where are there silos and confusion?
  • Where do you have scanned information that isn’t searchable?
  • Where do you need to go through a specific person to access data?
  • Where can you increase access to information and improve the accuracy of that information?
  • What processes can be automated or have increased accuracy?

In McKinsey’s article, “Infrastructure productivity: How to save $1 trillion a year,” they state that streamlining delivery could equate to $400 billion annual savings. Starting or furthering your digital transformation could significantly contribute to your efforts to streamline delivery and start seeing those savings.

In the 70’s, the normal process for finding information was to travel to the library, use a card catalog, look up a topic in the book index, and repeat. In 2021, we simply ask our phones and they read us an answer. What parts of your department still look and behave like the 70’s?

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To read more about the infrastructure bill and tech, we recommend reading this article from Tech Crunch and the fact sheet from The White House.