Recognize abnormalities and non-confirming patterns in your operations and processes.
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.
Completed Date: 2022
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.