How can you afford not to Track Actuals in today’s economy?
Tracking actual values – costs, man-hours, equipment hours, production units, etc – at the activity level – is the key to being able to close the loop between project estimating and project execution. I cannot tell you how many times, during my interviews with construction companies, people will say “We estimate that activity at x cost / manhours / equipment hours / productive units per shift because that’s the way we’ve always estimated it.”
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Tags: costs, Estimating Software, man hours, production units, Project Estimating, project execution, tracking actuals
