Project Risk Predictor agent
Warns you when a project is running late, spending ahead of the work done, or billing ahead of it, measured against the baselined bill of quantities (BoQ).
Validated with each clientWhat does Project Risk Predictor replace? The work of a site / project engineer: watch a project's schedule and cost for slippage. Warns you when a project is running late, spending ahead of the work done, or billing ahead of it, measured against the baselined bill of quantities (BoQ).
Shows why
It shows its reasons and how sure it is on every draft. When it is not very sure, it only brings the item to your notice.
Waits for you
Nothing is filed, paid or posted until a person says so.
Gets reviewed
Every approval and correction is recorded, so you can see how well it does on your own books.
A day with this agent
An EPC contractor with six live sites. The project head wants to know which job is heading for trouble while it still looks healthy.
- The project has a baselined budget. The bill of quantities is split into packages with a budget each. Purchase orders, bills and site progress reports feed cost and progress against them.
- Someone asks for a risk check. The project manager runs it from the project's cost and earned value screen. It runs when asked, not on a clock.
- Kinnow reads the signals. How much work is being earned for each rupee spent, whether the job is behind plan, whether purchase orders and spend are running ahead of progress, and whether billing has run ahead of work done.
- It checks package by package. A package at least 10% complete that has spent more than 15% above what its progress justifies is listed, worst first, up to ten.
- You get a band and the reasons. Low, medium or high, with each signal in words and the amount of budget at risk, in rupees and as a share of budget.
- A person decides what to do. Call the vendor, hold new purchase orders, review the variation orders. Nothing changes in the project on the agent's say-so.
See which of your jobs shows these signals. Ask us to run it on one live project.
What it reads and what it hands back
| What it reads | What it hands back | Where it lands |
|---|---|---|
| Baselined budget, committed purchase orders, actual and accrued cost, certified billing, earned value | Risk band, the signals in words, amount of budget at risk | On the project's cost and earned value screen, as "Risk assessed" |
| Cost performance and schedule performance for the project | Packages spending ahead of progress, worst first, up to ten | In the same result |
| How much of the evidence it could work out | Its own confidence: 0.9 with both measures, 0.6 with one, 0.3 with neither | Next to the band |
What a person decides
Nothing is filed, paid or posted without a person. A risk flag is a prompt to look, nothing more.
- When to run it. Whoever has write access to the project asks for it.
- The baseline. The budget you baseline is what it measures against. Change the baseline and the answer changes.
- What to do about a flag. The project head decides. The agent does not raise, hold or cancel anything.
- What it will not do. It will not call a project low risk when there is no baselined budget. It says the risk cannot be measured.
Ask Kinnow about this
Ask in plain words from the project or from Ask Kinnow. Answers show their source before you act.
- "Which packages are spending faster than they are being built?" Shows the packages, spend against progress, and the gap.
- "Have we billed ahead of work done on this project?" Shows certified billing against earned value.
- "What is the cost performance on this project?" Shows the figure and how it was worked out.
- "How much purchase order value is committed against packages under 30% built?" Shows the packages and the committed amounts.
Ask us to run it on your most worrying project.
Works with
This agent belongs to the Build application and is used in engineering and construction. Related: RA-Bill Reviewer, Safety Compliance, the capability follow every tonne from estimate to installed, and the glossary entry on running account bills.
Questions
What does the Project Risk Predictor agent do?
Warns you when a project is running late, spending ahead of the work done, or billing ahead of it, measured against the baselined bill of quantities (BoQ).
Does Project Risk Predictor act on its own?
No. It points out where a project is slipping and shows why and how sure it is. A person decides what to do, and nothing is posted, filed, sent or paid on its say-so.
What does it need before it can judge a project?
A baselined bill of quantities with a budget, and cost and progress flowing in. Without a budget it says the risk cannot be measured.
How does it decide between low, medium and high?
It adds up the signals it finds: cost running ahead of work earned, a project behind plan, committed spend ahead of progress, billing ahead of work done, and packages overspending. More and stronger signals give a higher band, and each one is shown in words.
Does Project Risk Predictor get better with use?
Kinnow records each approval, correction and rejection against the confidence the agent stated, so you can see whether "sure" really means sure on your own projects. That is a measurement for you to read. The agent does not rewrite its own behaviour from it.
How is it paid for?
It is part of your agent pack, and there is no charge per user.
Works alongside
RA-Bill Reviewer
Checks each running account (RA) bill as it is raised: whether the total certified so far goes past the contract as varied, and whether retention was withheld. It only advises; it does not post, change or stop a bill.
BuildSafety Compliance
Built to total the serious site-safety findings not yet fixed, with their estimated penalty. The estimate and the fixed marker are set up with you.
Tell Kinnow what slows you down.
Answer three questions. Get the applications, the agents and a two-week plan for your business.