Perspectives from the AACE International Conference 2017 in Orlando
Every year, interest in capturing project cost history grows among the attendees at the annual AACE International conference. This year was no different.
Most folks collect and analyze project history for benchmarking, conceptual estimating, and trend analysis purposes, but everyone who stopped by our booth was interested in improving their processes and tools. A common story we heard was how experienced business development and estimating people leave the organization and take decades of valuable knowledge with them. We also heard that most use Excel cheat sheets to store their historical cost data.
Attendees were pleased to discover that not only has Eos succeeded as a trailblazer with their support for the use of project cost history in the software market, but they have also released Cortex, their second-generation solution. Eos Group’s Cortex, which was well-received at the conference, runs on a browser or tablet, in the cloud, or on premise. It makes massive data accessible and useful to estimators, project cost engineers, and managers.
Borrowing a theme from one of the conference’s keynote speakers, Frank Abagnale (author and subject of Catch Me If You Can), consider the following:
- Is your project history secure? Don’t let years of knowledge walk out the door only to be used by your competitors.
- Is it useful and easy to maintain? Prepare and organize your history consistently across projects.
- Do you struggle to find and make your project history meaningful in a short amount of time? Don’t get caught digging around for data when you need it right away.
- Are your risks well-understood? Capture, track, and communicate project risks based on real project results.
At Eos Group, we understand the advantages that today’s technology offers to making project history work for you. Visit us on our website or contact us if you would like to discuss alternatives for your project history.