InEight "Keep Your Secret Sauce" Leverage, Don't Replace, Your Spreadsheets
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Transcript of InEight "Keep Your Secret Sauce" Leverage, Don't Replace, Your Spreadsheets
© 2016 InEight Inc. All rights reserved.
Keep Your Secret Sauce
Leverage – Don’t Replace – Spreadsheets
• Introductions
• Keep your secret sauce
• Examples of integrating HD and Microsoft Excel
• Summary
Agenda
Introductions
InEight Introduction
InEight combines proven ability with a unified vision to help companies visualize, estimate, control and connect all aspects of their capital and maintenance projects, from the back office to the jobsite, across the project lifecycle.
• Helping project-driven companies since 1989• More than 20,000 users in more than 500 companies across 33 countries
Sample Customers
Mining Oil & Gas UtilitiesInfrastructureBuilding
Speaker Introduction
Paul BennionDirector of Training• More than 12 years working at InEight• Estimating and project controls training and consulting
services for the construction industry
Keep Your Secret Sauce
Let’s Set the Stage – “Secret Sauce”
McDonald’s Secret Sauce
• Key ingredient of its flagship product
• McDonald’s has grown to 36,000 locations in more than 100 countries
Coke’s Secret Formula
• Same formula for over 125 years
• Company now worth $195 Billion
Apple’s “Secret Sauce”
• Superior design
• Most valuable brand in the world
What is Your Secret Sauce?
Secret Sauce Differentiator Value= =
The Key Ingredient
Dashboard Reporting
Estimating Software
Poll: How Are You Using Spreadsheets Today?
Do You Sometimes Feel Like This?
New Software
Your secret sauce
Good News: You Can Keep Your Secret Sauce
Your secret sauce
Examples of Integrating HD and Microsoft Excel
1. Update your labor rates
2. Import progress data from the field to HD
3. Link from HD to Excel to leverage take-offs and calculate production
Leveraging Your Spreadsheets: 3 Use Cases
1. Update Your Labor Rates
Challenge:“We don’t have an easy way to keep labor rates up to date for accurate estimating.”
• You want to use detailed labor rates (e.g., fringes, insurance, etc.)
• You want to update them regularly (e.g. twice a year)
• A LOT of work to manually to type them in
1. Update Your Labor Rates
1. Update Your Labor Rates - Demo
Solution Benefits:
• Spend less time doing manual data entry = More time to win bids
• Less likely to put off updating rates, so they stay current
• More detailed labor rate breakdowns improve estimate accuracy
1. Update Your Labor Rates
2. Import Progress Data from the Field to HD
Challenge:“How can I get my progress data from the field into a system for status reporting and forecasting?”
• You already have a system in place for collecting field data
• You want to take advantage of project management software for project analysis and forecasting
• Too much work to manually enter progress into a project management tool
2. Import Progress Data from the Field to HD
2. Import Progress Data from the Field to HD - Demo
Solution Benefits:
• Take advantage of data you’re already collecting anyways
• Get better insight into project status
• Save time by eliminating data entry
2. Import Progress Data from the Field to HD
3. Link from HD to Excel to Leverage
Take-offs and Calculate Production
Challenge:“The calculations we use for take-offs and production are far beyond what any estimating system can do.”
• You would like to take advantage of a standardized estimating tool, but you can’t give up the calculations you use in Excel
• Manually entering information calculated on the side is time consuming and error-prone
• The calculating abilities of standard estimating systems are limited compared to Excel
3. Link from HD to Excel
3. Link from HD to Excel to Leverage
Take-offs and Calculate Production - Demo
Solution Benefits:
• No need to learn a new tool for doing take-offs and other calculations
• Easy to update your estimate when specifications change
• Keep everything together by storing your take-offs and other spreadsheets with your estimate
3. Link from HD to Excel
Summary
Keep Your Sauce and Get the Best of Both Worlds
Your secret sauce
Standardized DatabaseReportingBenchmarkingSchedule IntegrationForecasting
Complex FormulasCalculationsQuick Editing & RevisionsImport/Export Between Systems
From the back office to the jobsite, InEight solutions can be leveraged across all steps of the project lifecycle to provide the visibility and control needed to achieve business success.
Single Version of the Truth
Bi-directional integration with Primavera P6 and Microsoft Project schedules enables time-phased estimates and schedule analysis
Integrations available across leading project accounting and ERP platforms
• Create quantity-based estimates and budgets• Change order costing• Benchmarking
• Short interval planning, claiming and commissioning• Plan progress and quantities consumed• Equipment inspection and maintenance
• Establish resource plans in preparation for interval planning• Quantity-based planning and execution• Quantity-based measurement and reporting
• Comprehensive 4-D,5-D, and n-D visual reporting• All as-built details captured in single viewer• Owner benefits from unified visual model with
complete as-built details and documentation
Enterprise reports and dashboards across the project lifecycle
Various design models leveraged to create unified model
Bi-directional integration with Microsoft Excelenables embedding of custom calculations and company best practices for more accurate estimates
Quantity and Material Take-off (QTO/MTO) speeds creation of accurate estimates
Quickly build estimates based on standard cost libraries
1. Respond to the post-webinar survey
2. Contact us for more details
[email protected](800) 637-7496(480) 776-2900www.ineight.com
Next Steps
Thank You!