One of our newest Oklahoma City clients, ForeSource, is developing a software application to forecast project schedule timing and resources for the construction and oil and gas industries. These fields require several project phases to be completed to support a larger scale project. Most organizations handle their project scheduling using a resource-based approach providing little visibility to the project across the organization.
ForeSource is a collaborative, phase-based planning tool that provides an organization visibility of the entire life cycle of a project. Its founders understand firsthand from their time as project managers in the oil in gas industry that project delays are costly and that certain setbacks have a domino effect. Project managers using ForeSource have in-depth visibility of all the projects in their portfolio that are then enriched by inputs from employees at all levels of the organization.
Their proprietary software allows teams to maintain schedules efficiently, access up-to-date information, and properly manage resources. ForeSource operates in the future market of collaborative project scheduling, bringing desperate organizations together and allowing for real-time adjustments of materials and resources.
We first met Ron Goff, CEO and Co-founder of ForeSource, in our e3 series in August. He told us the rigorous process allowed him to quickly evaluate their potential in a new market avoiding the common pitfalls that cause new companies to struggle. He said, “ With the guidance from the e3 advisors, we have been able to align our product to solve specific customer problems and identify risks to our business model.”
During their engagement with i2E, ForeSource is finalizing product development, conducting rigorous beta testing, and fine-tuning their go-to-market strategy. The company has received excellent initial feedback from beta clients and partners and is focused on additional market traction and scaling.