Construction business intelligence tool Labor Cost and Productivity Analytics introduced by Penta Technologies
Labor productivity and cost info presented graphically so trends and best practices stand out
Brookfield, Wis., January 8, 2016 – Labor Cost and Productivity Analytics is a new construction business intelligence tool that allows construction firms to easily conduct self-service analysis of labor productivity and labor cost information contained within PENTA costcodes.
A competitive advantage of PENTA has always been its flexibility when defining job work breakdown structures for tracking cost and labor performance data; in particular, the flexibility to define the various segments of the costcode. The value of PENTA Labor Cost and Productivity Analytics is in how easily you can now display your costcode data graphically—within a job or across multiple jobs—so exceptions and trends are visible in real-time.
Construction business intelligence that helps you gain deeper productivity insights.
There are always opportunities to get better, even on profitable jobs. In this chart it's easy to see that at the Boulder Junction project, there's room for improvement in the Excavate & Haul phase.
Not only can costcode information be analyzed at macro and very granular levels, it can also enable comparisons that reveal new insights from a historical perspective, leading to more efficient and accurate estimates for future work.
Data available for analysis includes:
- Productivity factors
- Labor efficiency index
- Composite labor rate
- Earned hours
- Percent complete installed
- Projected variances for hours, units and cost amounts
Data can be displayed in a variety of graphical formats you choose, including:
- Analytic grids
- Cross tabs
Use different costcode structures for different types of work
You define a costcode structure that makes sense for the types of work you do. Depending on the type, size, complexity of the project, and the desired data to be retrieved, the PENTA costcode functionality will accommodate your preference.
- Easily limit data to the costcode segments you need to analyze, without IT assistance
- Provides historical information for estimating future projects with similar cost activities
- Easily compare performance on any costcode activities across jobs
- Easily export resulting data to Excel for additional analysis
- Available from your tablet, smart phone, laptop or desktop computer
Labor Cost and Productivity Analytics is applicable for users in a variety of roles across a construction enterprise. It is accessed from PENTA Role-Based Workbenches, a construction business intelligence tool included for all PENTA customers.
About Penta Technologies
Penta Technologies provides software and services that improve efficiency and overall effectiveness for commercial and industrial construction and field service companies. For over 35 years, Penta Technologies has specialized in serving its partner companies. Penta’s customer base is primarily made of companies with diversified operations that self-perform their work. Whether hosted in the cloud or installed at your locations, PENTA enterprise construction software is uniquely qualified to manage multiple company and multiple business line structures. Through proven business processes, leading-edge technology, and an emphasis on long-term relationships, Penta Technologies has solidified their position as an industry leader. For more information, visit www.penta.com.