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InEight|2 March 2021

Project Cost Management

Railway: estimate and forecast with confidence

Railway: estimate and forecast with confidence

Our project cost management solutions help you create more accurate and timely project estimates, increase your forecasting accuracy and improve the anticipated ROI for railway projects.

Streamline the estimating process by creating benchmarked estimates, and gain visibility for complete control of your rail project.

Benchmark-driven estimating

Validate estimates against past projects by using historical data.

Quote management

Publish RFQs to contractors, subs and suppliers to ensure alignment across bid packages.

Construction budgeting

Maintain multiple versions of your budget based on trends and change status.

Earned value management

Identify trends requiring corrective measures within a single project, across groups of projects or across all your organization’s projects.

Here’s what you can do:

  • Connect estimates and schedules to visualise time-phased costs and resource utilisation
  • Standardise estimates across your organisation
  • Leverage historical benchmarks for increased accuracy
  • Gain a 360° view into the financial health of a project’s budget
  • Manage costs, man-hours and productivity data in real-time

Achievable Results for Railway Projects:

  • 25% increase in work estimated by your current staff
  • 4% improvement in your win rate
  • 50% reduction in the estimate and control budget gap

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