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Industry · EPCFunction · Knowledge Management
UC-516

Use Project Precedents to find proven answers faster

Fills the Projects page in BURNS LENS: the twenty projects most like this one, and what each really took.

TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue

The Challenge

The opportunity is to eliminate a team starting from nothing on known work, the same lesson learned twice, and a precedent only one person remembers. 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 indexes every project the firm has delivered by scope, client type, discipline mix, location, size and outcome.
  • Given a new pursuit, it returns the twenty most similar ones, what each was estimated at, what each really cost and took, what changed and what went wrong.
  • It feeds the estimating engine and the pursuit team from the same index.

What It Removes

  • A team starting from nothing on known work
  • The same lesson learned twice
  • A precedent only one person remembers
Input Data RequirementsRelevant operational records, contracts, transactions, schedules, documents and outcome history named in the source proposal
Output FormatDashboard showing the twenty projects most like this one, and what each really took.
“I can see the twenty most similar projects we have already delivered, in a minute.”
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