Quick Overview
SkyHigh Developments used real-time AI cost monitoring for a $30M tower build. AI flagged a 12% overrun risk due to a supplier change, enabling renegotiation and rescheduling that saved $900K and kept the project on track with improved budget control.
SkyHigh Developments
Company Size
Not publicly disclosed
Revenue Range
Not publicly disclosed
Primary Challenge
Monitoring project costs in real time to avoid overruns
Key Metrics
\- $900K saved\- Avoided 12% cost overrun\- Project delivered on time\- Improved budget control
The Problem
Lack of real-time cost visibility risked budget overruns
The Solution
AI-powered real-time cost monitoring and risk alerting platform
Results
\- Cost savings through early intervention\- On-time project delivery\- Enhanced financial oversight
Details
Industry
Real Estate
Departments
Finance & Accounting
Use Cases
Budgeting & Forecasting
Tags
GenAI
NLP
Scalability
Team Efficiency
Time-Saving
AI Tools Used
No items found.
Sources
https://gururo.com/ai-in-project-budgeting-transform-financial-forecasting/
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