CONSTRUCTION JOB FORECASTING
Predict Your Cost at Completion
Take the guesswork out of managing construction costs with Anterra CPM’s precise Job Forecasting tools. Whether you’re using Sage 300 CRE, Viewpoint Vista, Procore Financials, or Acumatica Construction, Anterra CPM empowers you to forecast construction costs accurately and stay in control.
Forecast at the Job, Cost Type, or Cost Category Level
S-Curve Reporting to Visualize Financials
Drill-down to the Transactional Details of the Job
unlock profitability
Drive Growth with Job Cost Forecasting
Control Cost Overruns
Stay ahead of unexpected expenses by forecasting costs at completion.
Automatic WIP Updates
Prevent forecast adjustments in the past to ensure your WIP doesn’t change behind you.
Streamline PM
Simplify job management by forecasting costs at different levels: job, cost type, or cost category.
Consolidate Platforms
System agnostic — integrate with Accounting and Project Management solutions to aggregate data.
S-Curve Forecasting
The S-Curve by Anterra Technology is a tool that visually represents a construction project’s planned cost, revenue, and margin compared to actual costs and revenue over time.
This tool helps project managers to:
- Gain visibility into how work backlog translates into margin.
- Determine if a project is ahead or behind in dollars.
- Access forward visibility into how your gross margin will end up for the year.
The S-Curve integration allows for dynamic adjustments and better prediction of financial performance through-out the project’s lifecycle.
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Job Forecasting for Construction
Importance of a Construction Forecast in Project Management
A construction forecast is a crucial tool for effective project management.
By leveraging a construction forecast, project managers can enhance their ability to predict costs, manage risks, monitor progress, optimize resources, and make informed decisions, ultimately leading to the successful completion of construction projects.
Predict Costs
A construction forecast allows project managers to predict costs accurately, ensuring that budgets are maintained and financial resources are allocated efficiently. This helps in avoiding cost overruns and unexpected expenses.
Manage Risks
By forecasting potential issues and risks, project managers can implement mitigation strategies in advance. This proactive approach minimizes the impact of unforeseen challenges on the project’s timeline and budget.
Monitor Progress
A construction project dashboard integrated with forecasting tools provides real-time insights into project progress. This enables managers to track milestones, ensure timely completion, and make adjustments as needed.
Optimize Resource Allocation
Forecasting helps in identifying resource requirements at different stages of the project. This ensures that labor, materials, and equipment are available when needed, preventing delays and optimizing resource utilization.
Improve Decision-Making
With accurate forecasts, project managers can make informed decisions about project timelines, resource allocation, and budget adjustments. This leads to more effective and strategic project management.
Enhance Communication
A construction forecast provides a clear and concise overview of the project’s status and future projections. This enhances communication among stakeholders, ensuring that everyone is aligned with project goals and expectations.
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Get a live, one-on-one demo with an Anterra Senior Consultant.