UC-526
Improve Estimate and Progress to finish work faster and on time
Fills the Controls page in GULF LENS: what this job should cost, and what it has really earned.
TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue
The Challenge
The opportunity is to eliminate Percent complete that means nothing, an estimate nobody checks, and four reports from one sheet. The proposed workflow is source-linked, but the current operating baseline and financial value remain illustrative until validated with the client.
How It Works
- One engine holds the estimate, the work breakdown, the hours booked, the deliverables issued and the changes raised.
- It produces the progress measurement and the earned value from them automatically.
- It forecasts the finish cost from progress actually recorded rather than from percent complete typed in, and writes the outturn back so the next estimate is better.
What It Removes
- Percent complete that means nothing
- An estimate nobody checks
- Four reports from one sheet
Input Data RequirementsQuotes, estimates, contracts, cost history, labour and material rates, actuals and win-loss outcomes
Output FormatDashboard showing what this job should cost, and what it has really earned.
“The estimate, the progress and the forecast all come from the same numbers.”