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.
Eos Group | Blog
Topics: Project Controls, Nick Papadopoulos, benchmarking, AACEI, Project History, Cost Estimating, Eos Group, Estimating Software, AACE, Cortex Project History, Cortex, Project Analysis, Eos Cortex, Project Analytics, Tony Colburn
The owner develops an estimate. The engineer develops an estimate. While both are right, they’re rarely close and often worlds apart.
Aerospace contractors, private spaceflight companies, and NASA all maintain libraries of history and benchmarks for their spacecraft and equipment. They use this data to justify and validate current project costs or compare past projects (or elements within projects). However, with the exponential technology advancement curve they undoubtedly operate under, I can imagine how hard it is to keep this data current, much less collect and calibrate the volume of data necessary to achieve a meaningful analysis.
Without a doubt, this is true for engineering, architectural, and contracting firms building Spaceship Apple, the technology giant’s new corporate headquarters targeted for completion at the end 2016.
Most cost estimating systems connect to one or more content data sources, even those based in Microsoft Excel. Without them, the estimating system is just a spreadsheet. Content data is hard to develop and maintain. Without standards for development and maintenance, consumers lose trust in the data and you are back to spreadsheet estimating.