With its influence on accountability, accuracy, and tighter project oversight, Earned Value Management (EVM) offers great potential for better managing capital construction. But getting it right matters – even a 1% variance in percent complete can significantly affect project forecasts.
InEight Resources
Webinars
UPCOMING WEBINAR
2/20/2025 | 2:00PM EST
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Join us for a discussion on InEight's third annual Global Capital Projects Outlook as we focus on the dynamic world of the construction industry. Our panel of industry experts will share their insights on the report and the industry's current landscape and future prospects. They’ll also explore the key trends, emerging technologies and strategies that will shape the next three to five years in capital project management.
Key Learning Objectives:
- Discover why construction professionals showcase unshakeable confidence and resilience amidst challenges like supply chain disruption, inflation and labour shortages.
- Learn about the untapped potential of leveraging more sophisticated technologies beyond project management and controls software to achieve a more astute balance between project scope, cost and schedule.
- Gain insights into how shared risk and greater collaboration will become more important with the adoption of newer project delivery models and best practices.
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
Join us for an insightful discussion on managing bias in the built environment.
In today's world, data gathering has made managing bias more achievable. From organizational to human bias, managing bias is crucial in areas such as project estimates, plans, risk management, and execution. With the help of available tools, the industry can now manage bias more effectively, providing a more realistic view of each project.
In this talk, we will explore the biases present in the industry today and how data can aid in managing them. We will delve into the various tools available to manage bias in a more automated manner, making the process simpler and more efficient.
Among the key takeaways will be:
- Discussion on what bias we see in the industry today.
- Gain ideas and methods to help manage bias immediately, which can help how your project or organization deals with it in the long run.
- Discuss where the industry is headed when it comes to managing bias.
- Exposure to current solutions to manage bias.
In March of 1930, construction began on a project as mega as they come, The Empire State Building. Shortly over a year later, it was finished under budget. Why does this seem so impossible to us today?
Through an analysis of more than $1 trillion worth of capital projects over the past five years, McKinsey has uncovered the trend, we simply stopped collaborating well. In other words, there is a direct correlation between increasing productivity and improving basic project-management outcomes. Not only does this direction seem to offer the most promise for improving site and operational performance, but also the relationship between owners and the design construction teams themselves. It sounds simple, but the difficulty lies in how we tackle the challenge of productivity and with what tools?
Join ENR and AJ Waters, VP of Industry Solutions, InEight, and Dr. Theodore J. Weidner, Professor of Engineering Practice, Construction & Engineering Management, Purdue University, as we explore best practices and technology for improving productivity, and how these can help better align the overall interests of capital project owners and contractors alike.
In this webinar, topics covered include:
- Enhancing operational efficiencies by improving communication between owners and contractors
- Strengthening scenario planning by involving construction and procurement teams in the design phase
- Leveraging planning tools to improve operational and tactical success
- Optimizing processes with more effective change order management
- Empowering project management teams with the right technology tools at the right time
As we enter a new year, project outcomes in our industry are still being affected by the unexpected. In response, more construction professionals are turning to the proven planning that is Advanced Work Packaging (AWP) because of the impressive ROI metrics it continues to generate. But while the concepts of AWP may be well known, choosing which technology tools to integrate them with for the biggest gains remains challenging.
Join our presentation as we share fresh ideas for securing the right tech for your best AWP project outcomes in the coming year and well beyond.
Among the key takeaways will be how to:
- Use tech to overcome the most common AWP process gaps for more project wins, more often
- Enact realistic contingency ratios leveraged from actual project histories
- Capitalize on AWP-driven, top-down approaches related to your Path of Construction
- Achieve greater margin accuracy up front for more realistic cost outcomes
- Incorporate real-world applications for scheduling and modeling to improve communication and collaboration
You’ve likely heard it by now — the groundbreaking $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) includes $100 million that is dedicated to encouraging the adoption of advanced construction management technologies. This signifies a major effort by the federal government to ensure organizations are using the infrastructure funds in the most efficient and productive way possible.
Many point to this time as a once-in-a-lifetime opportunity to digitalize business processes across their organizations. The funding could help them remain competitive and successfully deliver on projects in the face of supply shortages, skyrocketing material costs and growing labor concerns. But, with your organization already constrained, where and how do you get started?
Join our panel of industry executives for a discussion on how to take full advantage of this historically unique opportunity to propel you on your journey to digitalization.
In this discussion you’ll learn:
- Why the IIJA represents a true once-in-a-lifetime opportunity to digitalize.
- Key questions to help you determine where to start.
- How to fail-proof your digital transformation efforts.
- To digitalize while avoiding disruption to your workflows.
- Why asking the question “If not now, when?” is the key to your future success.