Estimating
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Project Audit and Recovery Consultants view estimating as one of the key foundation stones to the successful management of any project. All too often projects have overrun in terms of both cost and time due to a poor initial estimate that misled the project fund holder into believing that a meaningful estimate encompassing all facets had been developed.Whilst PAR recognise that each company has its own preferred way of estimating, our consultants are familiar with the various estimating methods used today, such as:-
With many years of experience gained with some of the world’s leading MNC’s, PAR consultants are able to work with your estimators providing an auditing role, which depending on the agreed brief may encompass suggesting alternative methods of construction.
In an increasingly competitive world many companies are reviewing the way their estimates are developed and/or presented. PAR consultants have sourced and implemented the most appropriate estimating software from around the globe for various clients thereby enabling their estimating, planning, cost and risk packages to integrate into one cohesive project controls system. This holistic approach has the benefit of reducing transposition errors and data input, whilst speeding up data submission to management and increasing the overall efficiency of the project controls team. PAR philosophy is best summed up by a statement made by Sir John Browne of BP:-.“Most activities or tasks are not onetime events. Our philosophy is fairly simple: Every time we do something again, we should do it better than the last time”. |
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