• Benchmark against external market data or internal project data
   
• Calculate benchmarks by project type or category
   
• Benchmark at project, element, item of work or component level
   
• Use project type or item level units of measure
   
• Store annual internal benchmarks for improvement trending
   
• Obtain benchmark range reports and exports

• Analyse costs into clean (standard) and dirty (exceptional) costs
   
• Store project type scope descriptions to ensure sample comparability
   
• Normalise clean and dirty project costs for date and location
   
• Maintain and manage data samples for relevance and range sensitivity
   
• Record commentaries for future reference
   
• Obtain data analysis reports and exports

• Use Chancellor to capture project cost data
   
• Calculate Cost Predictability by comparing forecast and actual project costs
   
• Use Timelord to plan project resources and capture actual time
   
• Calculate Time Predictability by comparing planned and actual project resource dates
   
• Calculate Safety and Quality KPIs by capturing readily available project data
   
• Obtain KPI reports and raw data exports

Alchemist for cost benchmarking

“clean” and “dirty” costs

Key Performance Index measurement

A component of the Senate Application Suite