METHOD OF AND SYSTEM FOR EVALUATING FINANCIAL RISK ASSOCIATED WITH A CONSTRUCTION PROJECT
First Claim
1. A method of evaluating financial risk associated with a project, the method comprising:
- establishing data access levels for participants associated with one or more projects managed by a project management computer system, whereinthe project management computer system manages multiple, unrelated projects for a plurality of participants,a first participant among the plurality of participants is associated with a first project, is allowed to view and edit project data relating to the first project stored on the project management computer system, is not associated with a second project, and is not able to view project data relating to the second project stored on the computer readable memory, anda second participant among the plurality of participants is associated with the first project and a second project and is allowed to view and edit project data relating to the first project and the second project stored on the project management computer system;
electronically receiving, by the project management computer system, project data from the second participant, the project data including financial information relating to the second project and information indicative of project performance relating to the second project;
storing the project data to a computer readable memory in the project management computer system;
processing the project data stored in the computer readable memory to generate updated project status information and budget information for the second project;
storing the updated project status information and budget information to the computer readable memory;
initiating, by the project management computer system, a payment to the second participant based on the project data;
electronically aggregating, by the project management computer system, the project data relating to the second project with additional project data relating to the first project, the additional project data submitted to the project management computer system by one or more participants associated with the first project;
evaluating financial risk associated with the first project based, at least in part, on the aggregated project data stored in the computer readable memory; and
displaying financial risk assessment data for the first project on a screen accessible by the first participant while preventing the first participant from viewing the project data relating to the second project, and wherein the financial risk assessment data is based at least in part on the evaluated financial risk.
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Abstract
A system and method for evaluating risks associated with a project based on project data from several projects. A project management server manages multiple, unrelated projects for a plurality of participants. The system manages each project by receiving and processing data associated with each project. Risks for a project are evaluated by aggregating project data from multiple projects. Risk assessment data for a particular project, based on the aggregated project data, is displayed to a participant of the project while access to the project data is limited to only projects with which the participant is associated.
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Citations
27 Claims
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1. A method of evaluating financial risk associated with a project, the method comprising:
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establishing data access levels for participants associated with one or more projects managed by a project management computer system, wherein the project management computer system manages multiple, unrelated projects for a plurality of participants, a first participant among the plurality of participants is associated with a first project, is allowed to view and edit project data relating to the first project stored on the project management computer system, is not associated with a second project, and is not able to view project data relating to the second project stored on the computer readable memory, and a second participant among the plurality of participants is associated with the first project and a second project and is allowed to view and edit project data relating to the first project and the second project stored on the project management computer system; electronically receiving, by the project management computer system, project data from the second participant, the project data including financial information relating to the second project and information indicative of project performance relating to the second project; storing the project data to a computer readable memory in the project management computer system; processing the project data stored in the computer readable memory to generate updated project status information and budget information for the second project; storing the updated project status information and budget information to the computer readable memory; initiating, by the project management computer system, a payment to the second participant based on the project data; electronically aggregating, by the project management computer system, the project data relating to the second project with additional project data relating to the first project, the additional project data submitted to the project management computer system by one or more participants associated with the first project; evaluating financial risk associated with the first project based, at least in part, on the aggregated project data stored in the computer readable memory; and displaying financial risk assessment data for the first project on a screen accessible by the first participant while preventing the first participant from viewing the project data relating to the second project, and wherein the financial risk assessment data is based at least in part on the evaluated financial risk. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system for evaluating financial risk associated with a project, the system comprising:
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a project management computer system including a memory device storing data related to the first project, wherein the project management computer system establishes data access levels for participants associated with one or more projects managed by the project management computer system, wherein the project management computer system manages multiple, unrelated projects for a plurality of participants, a first participant among the plurality of participants is associated with a first project, is allowed to view and edit project data relating to the first project stored on the project management computer system, is not associated with a second project, and is not able to view project data relating to the second project stored on the computer readable memory, and a second participant among the plurality of participants is associated with the first project and a second project and is allowed to view and edit project data relating to the first project and the second project stored on the project management computer system; receives project data from the second participant, the project data including financial information relating to the second project and information indicative of project performance relating to the second project, stores the project data to the memory device, processes the project data stored in the memory device to generate updated project status information and budget information for the second project, stores the updated project status information and budget information to the memory device, initiates a payment from to the second participant based on the project data, and electronically aggregates the project data relating to the second project with additional project data relating to the first project, the additional project data submitted to the project management computer system by one or more participants associated with the first project; and a risk evaluation system including a processor that evaluates financial risk associated with the first project based, at least in part, on the aggregated data, and displays financial risk assessment data for the first on a screen accessible by the first participant while preventing the first participant from accessing the project data relating to the second project, and wherein the financial risk assessment data is based at least in part on the evaluated financial risk. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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Specification