The success of any project requires an accurate and up-to-date forecast. CMiC Forecasting is the most powerful forecasting tool designed for the construction industry, allowing users to generate a reliable, precise forecast that can be used to identify red flags and head off any future problems.
CMiC Forecasting integrates project forecasting with financial forecasting and future project forecasting, eliminating wasteful steps and improving accuracy. Using CMiC Forecasting, a Project Manager in the field gathers the data and enters it into the system. Back in the office, the Project Executive accesses the data immediately and makes decisions, speeding up the approval process. The Project Executive can take the information and spread it out over time intervals, creating more accurate forecasts. Executives have a complete grasp of a project's progress and a better sense of the feasibility of future projects. The Financial Manager, with real-time access to information, can make revenue adjustments and other decisions with an increased level of confidence. CMiC Forecasting reduces the processing time down to weeks from months.
Business agility is vastly enhanced when all the parties involved know how the projects are developing. Project members can better assess whether they are able to meet deadlines as well as what resources may need to be allocated. CMiC Forecasting is integrated into the enterprise, and combined with the project-wide access to the latest data that CMiC Project Controls provides, this tool makes for the best-informed project forecasting decisions and in turn, leads to a decrease in the risk metric. By having the best information to make the best decisions, executives can improve their organization’s risk management, which contributes to profitability.
There is no more waiting on one team member to catch up with the group with everyone working from the same database. CMiC Forecasting's focused approach to project forecasting leads to improved efficiency and ultimately an increase to your company’s bottom line.
