Estimate: Forecasting Overview
When it comes to predicting the future and forecast your construction projects, it isn’t as simple as looking in a crystal ball. You need to be able to determine the success of your project easily and efficiently. As a project controller, engineer, business manager, project manager, or contract administrator, you must be sure that your forecasting is as accurate as possible. Traditionally, forecasting has been a difficult task to perform successfully because it’s an area with one of largest margins for error within general project controls.
We know that one of the major struggles you faced with forecasting is that difficult for project personnel to anticipate future conditions or market fluctuations.
It’s challenging for them as well to foresee any unexpected events which may have a large impact on the final cost and hours expended in completing any particular project task. Projects must also have a workflow and approval process around their forecast data to ensure its accuracy. Now, what if I told you there was a solution that could provide this level of forecast for your projects.
Introducing InEight’s Forecasting solution. It gives you the power to work within a single source of truth To anticipate and perform necessary financial and resource planning, respond to areas of concern, observe your schedule and budget trends, ensure the success of your project. If you’d like to learn more about this and other InEight solutions, contact us. We’ll be happy to schedule a free demo.