Our approach to budget analysis is two-tiered: top-down and bottom-up. We leverage historical data to compare similar projects at a high level while simultaneously leveraging historical data and parametric estimates to compare at a detailed level.
Analysts at Motive Power begin every budget analysis by examining below, which are also used in determining the budgeted baseline:
Once familiar with the budgeted baseline, the following are analyzed to determine the current estimate at completion for comparison against the baseline:
We frequently perform budget analysis throughout the project lifecycle to determine:
Potential overruns and look-aheads
Necessary contingency releases
Regular financial reporting
Recommended courses of action
Risks that have materialized are reviewed and monitored to assess their effects on the budget.
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