Historical Data Analysis

The Problem

Construction has lacked the tools, and processes, to mine the most important data from completed projects. Many contractors do mine cost data. Cost data, however, has little value unless its placed into a system with the inter-related attributes that determine cost outcomes. The most important data relates to the functions within a facility. A commercial kitchen is entirely different than dining space. A surgical suite is entirely different than a physician practice. And fit out space is entirely different than the shelled out space, and so on. There are other key attributes as well. The core and shell for a 10 story building  differs dramatically from a one or two story building. Historical data recording tools, and processes, that do not account for  the building’s inter-dependent attributes provide a weak, and oftentimes dangerous, basis for predicting future results.

A Solution

Building CATALYST enables the recording and analysis of real-world results, based on the chain of causes that determine outcomes. Figure 1 shows how the groups of data are networked into a system. For the first time, historical data from past projects can be used to effectively predict future project results – not just cost results, but also the space program and key design parametrics.

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Figure 1 System of Causes and Outcome

Completed project results are recorded in five easy to learn steps as shown in Figure 2. Modeling new projects go through the same steps, except are looking forward in time, rather than backwards.

FiveSteps

Figure 2 – Five Steps to Recording Past, or Modeling New, Projects