Solution

Data-driven construction planning

Description

Harnessing Big Data, this solution is a system dynamics modelling tool for managing project changes in the construction planning process. The model simulates a diverse range of projects and potential changes. These include cause-effect relationships between key project parameters and survey data from managers with extensive industry experience. This enables more accurate deadline and cost forecasting as well as improving the way that changes are communicated.

Problems solved

Hard to estimate impact of changes in complex construction projects

Outcomes

Cost savings via forecast impact of changes, identify timing and causes of impact. quantify benefits from different actions

Key facts

$70m

Average cost savings per project

Tags

development and construction
engineering and planning
metals and mining
modelling
oil and gas
planning
simulation modelling
system dynamics

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