Construction Analytics and Data Metrics: What is it? Why Should You Care?
By Paul Levin, Publisher and Editor
Over the past decade, there has been an emerging trend in large construction companies to create teams devoted to the collection and analysis of project data. And just what is project data? First and foremost, the bread and butter of any contractor is cost and schedule data. This is pretty much handled by job cost reports that track resources against cost codes, and CPM schedule applications that track activity time performance against plan. Analytics goes beyond the cost and schedule reports to uncover other information, such as trends and patterns and what drives them. Another easily identifiable analysis is comparing data of a current project against other active and historical projects, and even against competitors. But what other data is there besides job and cost?
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