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Challenge 4: Cost Areas of Concern


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Challenge Overview:

Can we create a tool to flag potential concerns within the cost budget for a project based upon forecast and actual cost data from previous projects?

 

Challenge Breakdown:

A challenge about using past data to see where cost forecasts may be inaccurate. This challenge will have you using the provided data to try and find trends in unexpected purchase costs. Then you will use this metric to warn staff if their future predictions do not match what has happened in the past. We want you to try and find deeper insight with this challenge and provide us with ways to take full advantage of this data.

Skills:

Finding insight in limited data

Developing metrics to predict what may happen in the future

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