With development projects being undertaken over a number of years, construction is an industry where accurate forecasting and complete insight into costs is absolutely essential to ensuring long term profits. McCarthy & Stone has developed a model that encompasses the lifecycle of all of its developments across the entire company to create a strategic five year forecast for the business.
- A multitude of underlying costs to identify for each development
- Financial data spread across multiple departments in different locations
- Inability to create a strategic long term plan for the entire company
- One model to roll out across all departments to create strategic five year forecast
- Financial collaboration with regional teams
- Platform to showcase financials and drive commercial discussions