In the first days of 2019, the modernist Standard Highline Hotel in the trendy Meatpacking District of New York was taken over by Enstoans from every corner of the world, all gathered for an event they hotly anticipate —Enstoa Spark. At this 3-day event, Enstoa CEO Jordan Cram revealed some key details about the company’s strategic plans for the New Year and beyond. Perched above the mile-and-a-half-long “park in the sky,” it was the perfect location to learn about Enstoa’s vision of the future.
The leaders of a large healthcare system had a challenge ahead of them. They had adopted an ambitious new strategy of expanding into several communities, but the department that would be overseeing that expansion hadn’t updated its business processes in a very long time.
One of the biggest challenges was simply how to manage the scale of the planned expansion. With the new plans in place, the department’s typical annual budget had increased tenfold, so overrun risks had suddenly become much higher.
In construction, doing an early stage feasibility assessment is—of course—an absolutely critical first step. That’s why it’s so surprising that it’s often still such a manual, time-consuming process. Compared to how things are done in other industries, it seems of a different era.
During an early stage feasibility assessment, a builder will typically engage an architectural office to develop a few different building plan options. After that, the builder will choose one or two to develop in more detail.