Remove Data Remove Risk Analysis Remove Software Remove Training
article thumbnail

The Importance of Project Risk Management for A&E Firms

Progressus

But, even in the best of circumstances, cost estimating is complicated and there are myriad risks and uncertainties to consider. Companies should invest in proper training for estimating professionals. In most cases, the better the data, the better the resulting estimate will be. All estimates should link back to relevant data.

article thumbnail

How AI Is Changing Contracts

Harvard Business

Most firms don’t have a database of all the information in their contracts – let alone an efficient way to extract all that data – so there’s no orderly and fast way to, for example, view complex outsourcing agreements or see how a certain clause is worded across different divisions.