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Measure Variance

Forecasting & Contingency Monitoring

Forecasting is used to assemble the “estimated cost at completion” and is updated as often as necessary to reflect projected final costs. Forecasts include actual costs; commitments or contracted costs; trends that are and deemed appropriate to forecast, contingencies, and other “soft” cost elements. Forecasts are primarily derived from the Cost Trend Logs.  Forecast analyses may also…

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Cost & Schedule Variances

COST VARIANCESAs estimates and cost forecasts change, the variances are sometimes difficult to spot and the cause for the changes are lost.  Because of this, we have developed Myriad™ to allow users to quickly create variances between any two sets of cost data.  The variances allow you to see at-a-glance the fine detail of how the…

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