Predictive trend analysis slashes construction delays, saving time and money.
Construction projects often face delays and cost overruns due to inefficiencies. By analyzing completed projects, a team at the University of Virginia found that predictive trend modeling can help prevent future delays. They studied three projects by Hourigan and discovered that delays were mainly caused by owners, designers, subcontractors, materials, and external factors. The team recommended recording more data on project schedules and costs to better manage and avoid delays in the future.