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A cost controller supervises a project, using project controls software dashboards to monitor key project EVM metrics

Accurate forecasting for smarter project decisions

Forecasting is a cornerstone of effective project delivery, enabling organizations to anticipate costs, schedules, and resource needs based on historical data, current performance, and emerging trends. As emphasized by AACE International’s Total Cost Management (TCM) framework, accurate forecasting keeps projects aligned with strategic objectives.

Cleopatra Enterprise brings forecasting to life by integrating advanced techniques, historical insights, and predictive analytics into project controls to transform data into confident and actionable decisions.

Up to 35% increased budget performance

Enhanced decision making

Up to 20% increase of overall productivity

Source:

Project Cost Management Survey

Forecasting challenges

Despite its importance, forecasting in large capital projects can be difficult. Project professionals often face challenges such as incomplete data, rapidly changing market conditions, and the complexity of integrating cost, schedule, and scope. These issues can lead to unreliable predictions, resulting in budget overruns and delayed project delivery.

An earned value management software dashbaord that includes CPI, SPI, detailed WBS information, and a planned vs. actual spending graph

Key benefits of forecasting with software

Using project controls software solutions like Cleopatra Enterprise for forecasting helps you overcome these challenges by enabling data-driven and actionable insights. It enables you to:

  • Make informed decisions based on real-time performance data
  • Identify cost and schedule deviations early
  • Gain transparency and confidence in stakeholder reporting
  • Support continuous improvement with consistent, standardized methods

How Cleopatra’s forecasts improve project controls

Cleopatra combines proven techniques, historical insights by means of a dedicated database, and predictive analytics into a project controls and forecasting solution. By integrating seamlessly with enterprise data, it enables project teams to generate forecasts that are not only accurate but also actionable. This holistic approach strengthens project controls, helping organizations keep large capital projects on time and on budget.

Reaching a project target

How Cleopatra improves forecasting for project controls

Cleopatra combines proven techniques, historical insights by means of a dedicated database, and predictive analytics into a forecasting and project controls software solution.

A project controls software dashboard that includes SPI and earned schedule pie charts, alongside a new budget baseline chart

Multiple forecasting techniques to anticipate outcomes

No single approach works for every project. Cleopatra supports a range of  forecasting techniques including deterministic, probabilistic, and scenario-based methods, enabling teams to anticipate a variety of outcomes and adjust their strategies accordingly.

Historical data and benchmarking for reliable baselines

Reliable forecasts start with reliable baselines. Cleopatra’s dedicated database of historical project performance and industry benchmarks allows project teams to ground their forecasts in proven metrics. This reduces optimism bias and delivers more realistic cost and schedule projections.

Lessons learned based on historical data dashboard
Predictive analytics with forecasting software

Predictive analytics to spot risks before they escalate

Cleopatra Enterprise’s software uses predictive analytics to identify trends and early warning indicators such as cost increases, productivity changes, or schedule risks before they impact project outcomes. This proactive capability transforms forecasting from a reactive activity into a risk prevention strategy.

From reactive guessing to proactive control

Forecasting goes beyond predicting what will happen; it helps teams make informed decisions that influence results. Cleopatra Enterprise’s software gives project teams the tools they need to transform uncertainty into clarity and control. By integrating proven forecasting techniques, historical benchmarks, and predictive analytics into a single platform, Cleopatra empowers organizations to:

  • Reduce risk
  • Improve cost and schedule certainty
  • Optimize resource allocation
  • Maintain control over large capital projects
collaboration stakeholders

What our customers are saying

Make informed project decisions

Increase forecasting accuracy, use a rigid change management framework, and gain real-time insights to keep your projects on time and within budget.

Monitoring work breakdown structures in project controls software with metrics like CPI, SPI, overruns, and actual costs.

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