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Case Studies

Spend Analytics


Building Financial Success in Construction Projects with Advanced Analytics.

Spend-analytics

Spend Analytics

Challenge

The complex and dynamic nature of construction projects has led to a series of cost overrun issues over the years. This cost failure is because of the presence of complexity and uncertainty in a project system.

Solution
  • A comprehensive analytics framework is required to track and control the construction costs throughout the project life cycle​.
  • Both internal and external data were collated across all the functions/departments in real-time​.
  • Most important financial KPIs were identified in coordination with the domain experts and project managers​​.
  • Developed interactive dashboards that generate insights, alerts, and recommendations customized for each stakeholder​.

Project Info

  • Category:Finance
  • Client: Construction
  • Location: UAE
  • Completed Date: 2022

Value-Addition​​

  • 100% adherence to the project budgets was achieved with the help of analytics dashboards​.
  • Time-consuming and manual paperwork in financial reporting was drastically reduced ​.​
  • The profitability of the projects was maximized by eliminating cost overrun issues well ahead of time​.​
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