{"id":102131,"date":"2021-10-15T00:00:00","date_gmt":"2021-10-15T04:00:00","guid":{"rendered":"https:\/\/sisn.com\/closed-projects-analysis-2\/"},"modified":"2025-02-12T17:50:38","modified_gmt":"2025-02-12T22:50:38","slug":"closed-projects-analysis","status":"publish","type":"post","link":"https:\/\/sisn.com\/en-gb\/closed-projects-analysis\/","title":{"rendered":"Closed Projects Analysis"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"102131\" class=\"elementor elementor-102131 elementor-100627\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68094e6a e-flex e-con-boxed e-con e-parent\" data-id=\"68094e6a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-660f4c01 elementor-widget elementor-widget-text-editor\" data-id=\"660f4c01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div id=\"fws_67abb32813a7f\" class=\"wpb_row vc_row-fluid vc_row\" data-column-margin=\"default\" data-midnight=\"dark\"><div class=\"row_col_wrap_12 col span_12 dark left\"><div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>Large Construction Projects are all about execution and managing risk. Ultimately, risk boils down to Schedule and Cost. Both translate into Project margin. All the other intangibles like reputation, brand, employee satisfaction etc. can be quantified into longer term profits. Inability to manage risk, leads to loss of margin. In mathematical terms, risk is variability or the inability to predict behaviour. Also, none of us are smart enough to predict behaviour of all projects consistently. However, we may be able to better understand and manage projects if we can see patterns in larger population of our performance data. This is the gist of closed projects analysis. We are certain that very few companies systematically analyse closed projects performance. Like everyone else we just move on to the next new project.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"fws_67abb328140fd\" class=\"wpb_row vc_row-fluid vc_row\" data-column-margin=\"default\" data-midnight=\"dark\"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-animation-delay=\"\" data-bg-overlay=\"false\"><div class=\"inner-wrap row-bg-layer\"><div class=\"row-bg viewport-desktop\">\u00a0<\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\"><div class=\"vc_col-sm-2 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\u00a0<\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><h3>Fortunately, with SIS and Microsoft Dynamics 365 and Power BI we can do this with a lot less effort.<\/h3><h3>So, what exactly do we need to understand?<\/h3><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\u00a0<\/div><\/div><\/div><\/div><\/div><div id=\"fws_67abb32814504\" class=\"wpb_row vc_row-fluid vc_row\" data-column-margin=\"default\" data-midnight=\"dark\"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-animation-delay=\"\" data-bg-overlay=\"false\"><div class=\"inner-wrap row-bg-layer\"><div class=\"row-bg viewport-desktop\">\u00a0<\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\"><div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>Most seasoned Construction Professionals can very quickly identify the causes of variability in Projects. It is just everything. The Weather, The Owner, The Project manager, The Estimator, The Foreman, The Superintendent, The Suppliers, The Subcontractor, The Workers, and the list can go on. So, we may need, to deep dive into our projects, that have done well and those that have not done well. We need to try to dissect the data and try to identify patterns in them. As we learn patterns, we then can start capturing data to include them in the analysis and then incorporating lessons learnt into improving business processes.<\/p><p>The result is improved profitability, competitive advantage, and less stress in the business. For example, if we could improve execution to reduce the number of Projects that are performing below Budgeted Margin, we may be able to increase our margin without chasing new business. On a Billion Dollar business a 2% increase in margin can even pay for a world class ERP system.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"fws_67abb32814789\" class=\"wpb_row vc_row-fluid vc_row full-width-section\" data-column-margin=\"default\" data-midnight=\"dark\"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-animation-delay=\"\" data-bg-overlay=\"false\"><div class=\"inner-wrap row-bg-layer\"><div class=\"row-bg viewport-desktop using-bg-color\">\u00a0<\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\"><div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone \" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column wpb_content_element  vc_custom_1634327180750\"><div class=\"wpb_wrapper\"><h4><strong>What may be some of the things we may want to analyse:<\/strong><\/h4><h4><em>What % of the pool of our projects exceeding Estimated Margin, Budgeted margin and vice versa.<\/em><\/h4><h4><em>How much additional business (Change Orders) are we generating and at what margins?<\/em><\/h4><h4><em>Do we have projects that are losing money? Why and how?<\/em><\/h4><h4><em>What % of the pool of projects are we not on schedule.<\/em><\/h4><h4><em>What is the correlation of these projects to, The Weather, The Owner, The Business Unit, The Project manager, The Estimator, The Foreman, The Superintendent, The Suppliers, The Subcontractor, The Workers etc.<\/em><\/h4><h4><em>What is the Correlation of these projects to the cost mix of a project (Labour, Materials, Subcontractors)?<\/em><\/h4><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-43f594c e-flex e-con-boxed e-con e-parent\" data-id=\"43f594c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2560048 elementor-widget elementor-widget-text-editor\" data-id=\"2560048\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><strong><span style=\"color: #ffffff;\">You get the idea!<\/span><\/strong><\/h3><p><strong><span style=\"color: #ffffff;\">But before you can get here you need the business processes to accurately capture the data and the tools and technology to provide such analysis.<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a24b658 e-con-full e-grid e-con e-child\" data-id=\"a24b658\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3363db6 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"3363db6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/sisn.com\/contact-sis-software\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-arrow-right\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M190.5 66.9l22.2-22.2c9.4-9.4 24.6-9.4 33.9 0L441 239c9.4 9.4 9.4 24.6 0 33.9L246.6 467.3c-9.4 9.4-24.6 9.4-33.9 0l-22.2-22.2c-9.5-9.5-9.3-25 .4-34.3L311.4 296H24c-13.3 0-24-10.7-24-24v-32c0-13.3 10.7-24 24-24h287.4L190.9 101.2c-9.8-9.3-10-24.8-.4-34.3z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">So, pick up the phone and call SIS!<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Large Construction Projects are all about execution and managing risk. Ultimately, risk boils down to Schedule and Cost. Both translate into Project margin. All the other intangibles like reputation, brand, employee satisfaction etc. can be quantified into longer term profits. Inability to manage risk, leads to loss of margin. In mathematical terms, risk is variability&hellip;<\/p>\n","protected":false},"author":1,"featured_media":102132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[380,382,384],"tags":[],"class_list":["post-102131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-gb","category-construct-365-en-gb","category-d365-en-gb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Closed Projects Analysis | Construction ERP<\/title>\n<meta name=\"description\" content=\"SIS is the leading provider of Microsoft Dynamics 365 Enterprise Resource Planning (ERP), Project Management, and accounting solutions for contractors and professional service companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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