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The power of metrics in the Construction Industry
Apples and pears, both are a part of the category “Fruit”. Can we compare them? The weight of an apple and a pear might be comparable. Still, the nutrients per gram will differ since we are talking about two different types. Therefore, this comparison will not give relevant information about…
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The 3 best cost control software tools
Cost control software tools aren’t always easy to select for organizations. Which one suits you best depends on your needs and requirements, but even if you know what you are looking for, there exist a lot of tools on the market to choose from. To help you out, let’s look…
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Managing project costs with metrics and benchmarking
Project metrics allows you to benchmark a single project or a portfolio of projects, as well as further increase the quality of your estimating and cost control processes.
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Triple Constraint Triangle: enhancing project performance
In this blog we discuss how the usual project KPI’s are related to the Triple Constraint Triangle and the importance of the correct cost management tool. Read more.
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Construction Industry Project Benchmarking: 3 Best Practices
Project benchmarking is used to improve the cost performance of companies. There are different methods of benchmarking: internal, competitors and strategic.
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Implementing project controls software: How to avoid risks
Project controls software is a tool that is used to measure and control cost and productivity throughout a project life cycle. It allows you to track the actual performance of the project and to compare the actual performance to the project estimate. If the actual performance shows significant deviations from…
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Stay within time and budget with construction cost management software
Despite the fact that many estimators still use simple spreadsheet tools, the last years brought us advanced cost estimating software to the market. When integrated in your business, it enables you to better stay within time and budget. Cost estimating models A modern data software tool allows you to perform regression…
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Project closure: the importance of closeout reports
Although often forgotten or rushed through, proper project closure is crucial. It allows you and your future colleagues to learn from the mistakes and successes of a specific project.
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5 cost estimation techniques supported by Cleopatra's software
Learn which project cost estimating techniques you can apply with an advanced software tool to develop more accurate cost estimates for your projects.
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Create a Cost Management Plan with these 4 tips
Imagine you are managing a large construction project. You have set a budget, but as the project progresses, unexpected costs start piling up—materials are pricier than expected, labor costs rise, and delays add to the expenses. Before you know it, your budget has ballooned, causing financial strain, unhappy stakeholders, and…
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