There's an interesting discussion of Doug Hicks's post "What’s More Important: The Data or The Model?" in the PACE Forum. What do you think?
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There's an interesting discussion of Doug Hicks's post "What’s More Important: The Data or The Model?" in the PACE Forum. What do you think?
Speaking primarily as CONTRACTORS where projects are PROFIT CENTERS and our own money is on the line if a project succeeds or fails, we believe "God (or the devil if you prefer) lies in the details" and accordingly, we've built our cost estimating/cost management system around Activity Based Costing/Activity Based Management. by Gary Cokins (IMA Implementing Activity-Based Management
And here is a recent case study for a Kuwait client- "Mapping ERP “Chart of Accounts” to Building Information Modeling Software Using Omniclass Coding Structures and Activity Based Costing/ManagementA CONTRACTOR’S perspective" Based on these concepts or principles, we believe the "Model" is what comes first (citing AT&T or Amory Lovins who told us the "system is the solution? Or the Architect Louis Sullivan who in 1896 told us "form follows function" here is the data collection and analysis system we have been using successfully now for close to 30 years.
This process was implemented by Freeport Indonesia and documented savings of 65 million USD over a 4 year period. Ridwan Wibiksana, CCC, PMP- "Earned Value Management: Adapted for use in Underground Mining Operations" And we show people step by step how to do it HERE Figures 15-18.