It is difficult to estimate and steer outcomes on complex projects without sufficient historical data and analysis tools to provide detailed comparisons within and across projects. The windows for early detection and course correction close rapidly in throughout the design phases. This results in difficult design concessions or cost overruns.
Building Catalyst is able to track all critical data entities throughout the program, design, budget estimating and procurement phases. This provides early detection and early course correction as progress may stray from the approved target. This video illustrates Catalyst’s integrated target value setting and tracking system.
As shown in Figure 1 the estimating progression from early planning throughout the project is tracked, enabling the team to remove variation (uncertainty) while steering toward the approved target. And then, once the approved target is achieved, to prevent straying off course in the latter project stages. This illustrates the total project cost, but could report any line item.
Figure 1 – Variation by System Report
Figures 2a & b are excerpts of the Two Set Comparison Report comparing the Phase 1 Bid results to the Approved Target.
Figure 2a – Two Set Comparison – Cost by Program Space
Figure 2b – Two Set Comparison – Substructure and Shell