Richard Werner provides an expert analysis of factors affecting the forecast of Estimated Cost at Completion in an article appearing in the January/February 2008 issue of CFMA Building Profits.

In his newest article, COINS USA Chairman Richard Werner, P.E., explores another aspect of the art and science of forecasting and focuses on Estimated Cost at Completion (ECAC). Accurately forecasting ECAC is crucial. It is the basis of other forecasts upon which construction executives rely and is vital to producing realistic forecasts and accurate financial measurements. The art arises from the forecaster’s personality and predilections, while the science comes from the data, project metrics, and tools used by the forecaster.

COINS USA Chairman Richard Werner is an active member of the Construction Financial Management Association (CFMA) and a regular contributor to CFMA Building Profits.

Click here to download a PDF reprint of The Art and Science of Forecasting the Estimated Cost at Completion (PDF, 353 KB). Reprinted with permission of CFMA Building Profits. Copyright 2008, all rights reserved.