VCost Analytic Model©

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The current approach for construction projects mainly looks something like this:

Time planning and cost planning result from the data collection based on BIM (Building Information Modeling). A BIM model consists of components linked with IFC data. In BIM planning, these models are the central foundation for specialist planners and construction managers.

Starting with the 3D design planning, each captured material is assigned unique attributes. All materials are determined according to quality and requirements and assigned to a position as well as an allowance position. Digital plans are created for the verification and tracking of calculated materials.

All digitally determined quantities and attributes are thus already captured in a database.

The cost estimate is therefore already accurately calculated. Isn't it?

Yes, BUT...

However, conventional cost planning, no matter how meticulously executed, is still unable to address many of its shortcomings. 

Sub-contracts are typically awarded when costs appear to be within the most favorable range. The lower the planned costs, the more likely a contract will be awarded.

Yet, at the end of this calculation methodology, often many challenges to the original planning exist. This approach therefore inherently allows for increasing subcontractor revenues, circumventing approval processes for complex construction events through supplements and more.

Conventional construction solutions are thus limited in their ability to accurately forecast ad monitor project progress and cost.

The VisualCost© solution model enables investors to significantly improve their construction management process as well as their stakeholder relations through state-of-the-art project communication, online progress reports and risk mitigation, fine tuned to client specifications and target groups.

The main reason for cost overruns according to the Japanese 'Kanban' philosophy is often an inefficient management process - 80% of all delays are typically due to planning errors. What can you do? For example, Gemba Walks!

'Gemba Walks' are intended to motivate management to spend more time in the production environment (even if it's a construction site...). Gemba Walks are thus a good way to see with your own eyes what is causing disruptions, rather than relying solely on "progress reports" in the usual "Excel" manner. 

But what if you, as an investor, planner, or general contractor, don't have enough time for a daily "Gemba Walk" on your construction sites? 

VCost© shows you the current cost-, risk status and construction progress of your projects across all construction phases. With easily understandable, visualized KPIs and warning functions, you can see in a timely manner what problems are arising in the project. 

Gemba Over!