Time periods are the fiscal periods in which data is recorded in EcoSys. This allows the distribution over time of transactions, custom fields, and categories. The default approach for time periods is represented by Major Periods and Minor Periods. EcoSys functionality extends these system defaults by adding Custom Time Periods. Custom Time Periods (CTP) can be configured to allow sets […]
Is Your Railway Project Performance Getting Off Track?
July 27th, 2020
When I ask railway owners and contractors if they use software to manage their projects, the answer is always a resounding YES. When I ask if they experience cost or schedule overruns on a regular basis, the answer is also YES. Why is this? The mainstays of any project-based organization are the scheduling tool and […]
Work Breakdown Structure (WBS): Elements, Formats, Best Practices
July 13th, 2020
Ask most experienced project managers and they will vouch for the benefits of using a work breakdown structure. Like many other powerful tools that create a strong impact, the best thing about a work breakdown structure is its simplicity. In this article, we take a look at what a work breakdown structure is, how it […]
Benefits and ROI of Automation in Project Controls
June 2nd, 2020
[Download in Spanish]  [Download in Portuguese] When a company is facing the impacts of globalization, experiencing low profitability, losing market share, or lacking the ability to maneuver and compete in the market – it invariably relies on cost reduction as a course of action for survival. Chapter 1: The Problem When businesses […]
COVID-19 and the Transportation Industry: Impacts, Actions, and Evolution
May 22nd, 2020
COVID-19 is undoubtedly having a massive impact on the world, and the effects on capital projects will be far-reaching and long-lasting. On a global scale, almost all organizations will need to adapt and evolve, as the status quo will leave them ill equipped to address new paradigms going forward. One industry that has been significantly […]
Tips for Managing Complex Transportation Infrastructure Projects
May 21st, 2020
It’s no secret that transportation infrastructure projects are fraught with complexity. The inability to deal with this complexity can make it difficult to deliver expected value. Let’s start by defining some of the areas that make transportation infrastructure programs complex. Then, we’ll discuss some strategies for overcoming these challenges to achieve better project and business outcomes. What Makes Transportation Infrastructure Projects […]