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Field-Centric Cost Management: 6 Essential Steps

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7 7 Turn Data in Actionable Intelligence Reports, Dashboard and Alerts/Notifications There is no doubt contractors can leverage software in the field to work more efficiently and to collect better and more timely data. Turning all that data into actionable intelligence is also a vital step in managing costs more effectively in the field. Once again, unified software applications for field operations workflows play a vital role. With a deluge of valuable, digital data pouring in, aggregating that information and building reports manually is a losing proposition. Software automates data mining to improve and expedite the process. Contractors can generate standard, as well as customized or ad-hoc reports and dashboards and distribute them enterprise wide with minimal manual effort. In the office and in the field, these software-driven reports and dashboards empower managers to make data-driven decisions rather than relying on gut instincts, partial information or a "that's the way we've always done it" approach. Thorough, timely reporting also equips executives and managers to recognize emerging threats and opportunities that impact project outcomes more immediately. Finally, data and reporting from operations software and the financial/ ERP system can be combined to drive longer-term analytics, trend analysis and strategic decisions impacting cost management. …another powerful reporting tool for managing operations and costs in the field. Check a box on an electronic form or software application, and a message can be delivered automatically by e-mail, text or in the software application itself. For example: Did the incident result in an injury? Does the deficiency prevent you from operating the equipment? Immediate alert to shop manager Immediate alert to safety director Yes Yes No No EVENT-TRIGGERED ALERTS 6 7

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