Project Scope: What It Is and How To Define It

April 15th, 2021

Panic sets in一you’re reviewing a project budget and realizing there is far too little money allotted for the work left. Sadly, this is a common occurrence. At least 85 percent of every project is over budget to some degree. Although this may not be as detrimental for small projects, overruns are detrimental on an enterprise […]


Capital Budgeting: Definition, Benefits, and Process

March 19th, 2021

As the global market becomes more competitive, businesses become more reliant on quantitative and data-driven analytics to make major decisions. Relying on numbers to give you an informed and objective pathway is more astute than working based on assumptions or the learning-by-trying methodology. This objective approach proves critical for companies looking into new and high-profile […]


Earned Schedule: A Powerful Enhancement to EVM

February 8th, 2021

Earned Value Management (EVM) has emerged as one of the most powerful and frequently used methodologies to measure project progress and performance over the last 60 or 70 years. Its early adopters include NASA and the U.S. Department of Defense, who have been using the practice extensively in critical, long-term projects with massive budgets. Though […]


Scope Creep: What It Is and How to Manage It

February 1st, 2021

Every project starts with the seed of an idea, but translating those ideas into real outcomes is tough—most projects hit major roadblocks and overruns before they cross the finish line. According to the PMI 2020 Pulse of the Profession Report, 11.4 percent of investment is wasted due to poor project performance. Why do projects perform […]


How Fusion for Energy Uses EcoSys on the ITER Project

January 27th, 2021

Fusion for Energy (F4E) is the European Union’s organisation that manages Europe’s contribution to ITER, the world’s largest scientific partnership aiming to demonstrate fusion as a viable and sustainable energy source. ITER is a collaboration project between 35 nations to build the world’s largest magnetic fusion device, a tokamak. The idea for an international joint […]


How Digital Transformation Will Save Power Utilities Projects

December 2nd, 2020

EcoSys for Power Utilities Product Sheet

The Power Utilities industry faces an unique series of challenges both now, and as we move into the future. When 2020 began, the Power Utilities industry was already in the middle of a sustained period of change – growing demand, decarbonization initiatives, and the move toward a smart grid. Then, COVID-19 forced a series of […]