Estimate vs Actual & Lessons Learned¶
Close the loop by comparing bid assumptions and estimated costs against actual project outcomes, explaining variances, and feeding validated insights back into cost libraries and SME knowledge.
- Typical inputs: project actuals (costs, quantities, productivity), change orders, schedule performance, bid baseline
- Typical outputs: variance analysis, updated unit rates and productivity factors, reusable lessons learned, risk calibration
- EKG + GenAI: align actuals to the original WBS/BoQ, explain drivers of variance with traceable evidence, and keep improvements governed for reuse.