Capital Project Cost Forecasting

Featuring Kip Edwards, VP Design & Construction
Banner Health

"We've just recently gone through our projects and gatherd $70 million out of active projects... why because we have a level of confidence on exactly where those projects are exactly where they're gonna end up because we have developed a detailed forecast"

This podcast identifies common challenges in forecasting capital project costs. Kip Edwards discusses some of the challenges that healthcare systems must deal with when forecasting costs, to ensure project budgets are met. He also provides insights into why some organizations don't forecast or don't do it well, and shares some of his strategies for enabling an efficient forecasting process.

About Kip Edwards

Kip Edwards has over 30 years of experience in the planning, design, construction, management, and operations/maintenance of healthcare facilities, with direct responsibility for over 17 million SF of new construction and renovations, totaling $7 billion in project expenditures. This experience includes his current role as Banner Health's System Vice President Design and Construction, Vice President Facilities Development and Institutional Master Plan at CALIFORNIA PACIFIC MEDICAL CENTER and St. Luke's Hospital, Kaiser Permanente, University of Michigan Hospitals, and as an Engineer Officer/Health Facility Project Officer with the US ARMY.