How AI Can Help During Early-Stage Cost Estimation And Project Phasing

By Thomas Klein, Customer Success Manager, Transcend

As a former utility engineering project manager, I understand the difficulty in planning large projects that span multiple years in the context of a capital budget. Removing cost risks to quarterly and annual budgets often meant phasing projects in a manner that allocated appropriate funding for a project over a fixed time span. Fixing the budget across multiple phases typically left the project construction schedule at risk instead.