Galorath Releases Report on Cost and Risk Management

Galorath has released its inaugural 2025 State of the Industry Report on Cost, Schedule, and Risk, announced in a press release. The report identifies cost volatility as the top operational risk for 89% of organizations, based on responses from professionals across various sectors including aerospace, defense, and technology.

The report reveals that while 56% of professionals see AI-enabled estimation as crucial for long-term success, 63% have yet to adopt it. This highlights a significant gap in the integration of AI tools, with many organizations still in the proof-of-concept phase. Additionally, less than half of the respondents have automated more than half of their estimation and planning workflows, indicating a need for improved technology adoption and workforce training.

Galorath's report also points out that only 12% of respondents have strong confidence in their cost estimates, with manual inputs and legacy tools impacting decision-making accuracy. The findings suggest that improving transparency and accessibility of estimation tools is essential to closing the trust gap.

The report is available on Galorath's website, offering detailed insights and analysis for industry professionals looking to enhance their project planning and execution strategies.