• Harness and utilize historical project records, in order to identify the leading project indicators of project success.

 

• Identify relationships among project performance metrics at the project level and financial performance metrics at the firm level.

 

 

 

Application: Construction Economics

 

• Results of Granger causality tests showed that consumer price index (CPI), building permits, crude oil price, producer price index (PPI), and housing starts are the leading indicators of the ENR Construction Cost Index (i.e., these variables have explanatory power to predict future trends of CCI).