Project controls is a vital part of successful project delivery. The ability to efficiently and accurately measure and forecast project performance can’t be understated. However, project controls alone is not enough. Consider a project that is flawlessly executed, on-time and on-budget, only to learn that it’s not strategic, doesn’t further an organization’s goals, and the investment would have been better spent elsewhere.
That is why with the release of EcoSys 8, Hexagon PPM has announced an expanded vision for the life cycle of projects, Enterprise Projects Performance. EcoSys now goes beyond project controls to look strategically at all projects in an enterprise – from project portfolio management, to project controls, to contract management.
The mission of Enterprise Projects Performance is to maximize investment returns through:
- The alignment of strategic decision making with tactical, real-time project and contract intelligence
- Proper prioritization, selection, and management of project portfolios from inception through execution to close out
- Controlling projects and managing contracts through standardization based on best practices to avoid overruns and mitigate contract risk
- High visibility of forecasts and trends via built-in dashboards, dynamically drilling down into underlying causes
Watch this video to learn more about what’s new in EcoSys 8, and how it can help you move beyond project controls.