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​.