Accurate estimates are vital to a contractor’s survival and one wrong estimate can erode the entire company’s profits. This course will show how historical data from accounting, estimating, and job tracking can be used to improve estimate accuracy through data-mining and statistical process control.
Following this class, participants will be able to:
• Identify ways to improve estimating accuracy
• Give examples of how to improve a company’s performance using historical data
• Discuss data-mining methods and statistical process control
• Explain data graphs