"If you can't measure it, you can't improve it." This quote, often attributed to the renown management consultant Peter Drucker, points out that unless you are assessing your business practices and measuring resulting performance, it is difficult to know whether your organization is performing well and making the improvements required to stay abreast (and hopefully ahead) of your peer companies.
Establishing and tracking key performance indicators (measures that are both applicable and indicative) for your processes can provide important measures of how well your procedures, policies, people, and tools are contributing to your internal improvements. However, if this is performed only in an inward-looking approach, you may not realize how you compare with your peers or understand what improvements are being made external to your organization.
Conquest Consulting Group can help in providing an assessment of your cost engineering and cost estimating practices to assist in identifying both strengths and weaknesses in your current processes; and identify recommendations to close any gaps in achieving pacesetter performance for your industry. See our Organizational Development page for more information.
Conquest Consulting Group has posted two new White papers that were prepared for AACE International's Source Magazine. Visit our White Paper Page. Or click on the following:
Why Is A Basis of Estimate Necessary?
Life Cycle Cost Analysis
Source is the site where both AACE members and nonmembers can come to read posts that will keep you updated on the latest AACE news. Visit AACE International Source!
For 2022, AACE International return to holding an in-person Conference and Expo. The event will be held in San Antonio, TX on June 26-28, 2022; which will be combined with virtual sessions as well. Larry Dysert is preparing two presentations: Alignment of Cost Estimating and the Project Development Process and Equipment Factored and Engineering-Model Estimates.
The Conference & Expo convenes the world's leading cost and project controls experts. All presentations undergo a rigorous peer review process to ensure attendees receive the highest quality education. The event will include many networking opportunities and the opportunity to share experience, thoughts, and ideas with your peers. Consider attending in June 2022!