When benchmarking a new project against past projects, it’s critical to level the playing field. Cortex calls this normalizing the data. In the Administration module, you can set up many different types of factor tables to adjust:
Eos Group | Blog
Common ground. Common source. Common basis. We use these words interchangeably when we talk about our data, but few companies have achieved it.
It’s impossible difficult to make good decisions as a team if you don’t agree on the data.
Topics: Eos Group, Cost Estimating, Estimating, Preconstruction, Nick Papadopoulos, KPIs, WBS Code, Data, Data Analysis, Benchmarking Solution, benchmarking, Estimating Software, Cost Management, Project Management
The annual AACE International conference is next week, June 24–27th in San Diego, CA. Our own CEO, Nick Papadopoulos will be there along with our Senior Consultant, Tony Colburn. Be sure to stop by their booth, #208 and learn more about Eos Cortex Project History, our next-generation benchmarking solution.
Topics: Eos Group, Estimating Software, Nick Papadopoulos, Cost Estimating, Project History, Project Controls, AACE, AACEI, benchmarking, Eos Cortex, Cortex, Cortex Project History, Project Analysis, Project Analytics, Tony Colburn
Programs pose a unique challenge for estimators hoping to capitalize on project history. Projects constructed as part of a group or program are often executed in fundamentally different ways than their stand-alone counterparts, which offers economies and efficiencies that do not exist for stand-alone projects.
Topics: Eos Group, Estimating Software, Cost Engineer, Cost Estimating, Cost Estimating Solution, Project Analysis, Cortex Project History, Project History, Benchmarking Solution, benchmarking, Eos Cortex, Cortex, Estimating
Topics: Cost Estimator, Eos Group, Estimating Software, Cortex, Eos Cortex, benchmarking, Benchmarking Solution, Project Analysis, Conceptual Estimating, Trend Analysis, Cortex Project History, Project History
Slashing infrastructure investment risk, a new global coalition aims to transform construction cost system
The International Construction Measurement Standards (ICMS), a new high-level benchmarking and reporting framework for international cost classification, reporting, and comparison, was launched yesterday, July 24, 2017. ICMS aims to provide greater global consistency in classifying, defining, measuring, analyzing, and presenting construction costs at a project, regional, state, national, or international level.
Topics: Cost Estimator, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Cortex Project History, Project History, Cortex, benchmarking, Conceptual Estimating, Trend Analysis, ICMS, International Construction Measurement Standards, Construction
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.
Topics: Cost Estimator, Sage Estimating, Sage Timberline, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Cortex Project History, Project History, Cortex, AACE, AACE International, AACEI, benchmarking, Conceptual Estimating, Trend Analysis
It's that time of year again! The annual AACE International meeting kicks off on June 11 in Orlando, FL. Our own Nick Papadopoulos will be there presenting our new benchmarking solution, Cortex Project History, on Tuesday, June 13 at 9:30 am.
Let’s face it. We are all biased. Bias stems from our past and our current environment. It influences our future. Bias shapes the way we feel, the way we think, and our behavior. It drives our decision-making process more than we care to admit.