Houston Firm Awarded Project to Develop Powerful Demand Forecast Model for the Panama Canal
Houston Texas, December 12, 2011 – Houston Firm Awarded Project to Develop Powerful Demand Forecast Model for the Panama Canal
As everyone knows by now the Panama Canal is expanding and the forecast of global goods movements is vital to this new project. E-ndeavor Program Management, Inc., a Houston –based Program and Project Management firm was selected to develop the Panama Canal Integrated Forecast Model a powerful model the Panama Canal Authority will use to forecast global demand for each market segment to assist with their planning and marketing efforts.
E-ndeavor Program Management, Inc. will lead this project and act as program, project and communications managers for the project. It partner Novix, a financial, strategic operations and risk modeling will develop the model and performed financial consulting.
This web-based GUI and shared workspace solution facilitates collaboration between risk and business analysts and the C-level decision makers. The model allows importing and exporting data from: flat files, spreadsheets, databases, data cubes, etc. Inputs can be automated from existing transactional systems, as well as critical live market or trend data.
The Panama Canal Authority will have a way to analyze global demand for each market segment, determine the canals share of this demand and show the impact of the costs of all routes (canal “all-water” routes and the competing routes). This effective tool for strategic forecasting is an improvement over most demand forecast tools which only consider the market trends. The 2008 Great Recession disrupted these trends therefore this model will also utilize key cost and demand “drivers” that can be indicators of potential demand shifts.
Brad Walker, President of E-ndeavor Program Management states, “We are excited to have the opportunity to apply our expertise to develop this world-class planning tool to assist the Panama Canal Authority to make important and intelligent decisions in the face of this turbulent economy.”
For additional information on this type of solution or how E-ndeavor Program Management Inc. can assist your business in competing for commercial contracts in the Americas please contact us