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.
- 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.