Successful projects start with accurate estimates. Boost your estimate integrity and learn to make better use of your project data in this engaging AACE webinar.
Benchmarking for Success in Construction Estimating
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As a construction professional, you are already aware of the crucial role accurate forecasting plays in your capital projects. You know that a well-executed forecast can protect funds and guard against lost revenue, ensure compliance with protocols and contractual requirements, and give you greater control over delivery costs and project payments. But short of a crystal ball, forecasting can be frustrating at best and disastrous to a project if you get it wrong. It may be tempting to just “leave it to the experts.” However, that’s not your best course of action, and here’s why.
In truth, everyone on a construction project uses some element of forecasting, whether dealing with cost or revenue, scope or duration, or labor and resource allocation. Therefore, everyone should aspire to be a great forecaster. But where do you start, and what does superior forecasting look like?
Join InEight’s Product Director, John Upton, and Client Success Director, Megan Siefker, plus special guest, certified Superforecaster and CEO of Good Judgement, Warren Hatch, as they explore and explain what it takes to become a great forecaster no matter where you are in your construction journey.
In this webinar, topics covered will include:
- How looking into your project’s “rearview mirror” can lead to your best future outcomes
- Avoiding the dreaded optimism bias by realizing that your data doesn’t lie
- Why accounting for the future always means accounting for costs within time-phased forecasts
- The best way to integrate scope, cost, and schedule for timelier, smarter decisions
- What it means to be a Superforecaster, and how you can start using their best techniques now
Organizations that excel at project management driven by Advanced Work Packaging (AWP) have demonstrated significant improvements in field productivity and overall project certainty. AWP better aligns execution across all stakeholders to drive a more collaborative approach, ultimately facilitating an orderly Path of Construction.
For these reasons, AWP is being touted by many as next-generation project planning. And while increased adoption of this methodology represents an incredibly positive shift for the construction industry, the benefits are amplified when paired with today’s most advanced technology.
InEight’s cloud-based AWP solution provides a Digital Thread that ties together project data across stakeholders, and across key roles such as engineering, work planning and procurement. Hear from a panel of experts how this innovative solution can quickly deliver dramatic results, with a before-and-after view of AWP from our leading industry and solution experts.