Eos Group | Blog
It’s common during the preconstruction or feasibility phase to receive a request for a rough order of magnitude forecast for a theoretical future project. These requests have different names: initial budgets, preliminary proposals, first price responses, feasibility-stage estimates, or best guesses. There are also more colorful names, but I digress.
When I witness confusion in the markets we serve, I try to bring clarity to improve the decision-making process. Education is vital to advance our knowledge and improve our systems.
Topics: Nick Papadopoulos, benchmarking, Project History, Cost Estimating, Estimating, Cortex Project History, Benchmarking Solution, Project Delivery, Process Management System, Project Estimate, Historical Data Management, Operational Management System
Eos Group has received requests for an automated mapping feature in Cortex and plans to add this functionality in the future. In the meantime, here’s how you can use Google Maps to create a map in just a few easy steps!
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:
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: Cost Management, Nick Papadopoulos, benchmarking, Cost Estimating, Eos Group, Estimating Software, Estimating, Benchmarking Solution, Preconstruction, KPIs, WBS Code, Data, Data Analysis, Project Management
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: benchmarking, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Estimating, Cortex Project History, Cost Engineer, Cortex, Benchmarking Solution, Project Analysis, Eos Cortex
Topics: Cost Estimator, benchmarking, Project History, Eos Group, Estimating Software, Cortex Project History, Conceptual Estimating, Trend Analysis, Cortex, Benchmarking Solution, Project Analysis, Eos Cortex