Construction is a challenging and competitive industry, yet one that is arguably lacking in the use of metrics and critical cost analysis to drive financial performance.
Driving accountability to the Project Team for budget performance is a key objective in the quest for enhanced profitability on construction projects.
Many contractors in the construction industry rely on Cost to Complete (CTC) forecasts in order to gauge the financial health of their projects. A seemingly less prevalent, and possibly less understood, alternative is to use Earned Value (EV).
At BlackVector we believe a process driven mentality in construction is the basis for continuous improvement.