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Cost Engineering

Cost Engineering

Through cost engineering, we optimize the relationship between project cost and project execution. SMSI solves problems related to cost estimating, cost control, business planning, profitability analysis, and scheduling. We -

  • Validate total project cost at the design stage - avoiding lengthy and expensive design-to-cost efforts
  • Incorporate estimate and schedule inputs in a time-phased budget that enables "what-if" and "should cost" analyses
  • Apply early indicator metrics (cost/schedule performance indices) to identify adverse trends and potential cost/schedule overruns
  • Forecast project performance through estimate-to-complete, estimate-at-completion, variance-at-completion, and resource utilization analyses
  • Tailor reports to specific audiences by assembling relevant data in a meaningful format
  • Develop mitigation plans, recovery plans, and baseline modifications to deliver the project on time and on budget

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