Budgets don't mean much if you don't adhere to them,
and that's especially true in the dynamic world of
utilities construction projects. Once that budget is set,
project managers need to continue with forecasting
to maintain an environment where decision making is
based on accuracy.
Volatility of the current market – including supply chain
disruption and inflation – continues to challenge projects
in terms of budget and schedule. Those who utilize
leading-edge technology into their forecasting models
are seeing the greatest success.
Forecast accuracy is a critical component to the
favorable outcome and sustainability of utilities
construction. Even with effective executive governance,
standard processes and supporting technologies,
organizations struggle to integrate data across multiple
sources to generate timely and accurate project
forecasts on a monthly and annual basis.
Cost & Job
Forecasting
Can Determine
Utility
Construction
Project
Success
UTILITIES
