The projected uptick in capital spending across many sectors is a welcome opportunity for Engineering, Procurement and Construction (EPC) firms. To fully capitalize, EPCs need to be equipped to deliver the projects of tomorrow efficiently.
EcoSys provides centralized and standardized approach to project controls and project management that helps you reduce costs, compress schedules and maximize margins across all your projects, regardless of size or type.
Key Benefits of EcoSys for EPCs
EcoSys allows you to manage projects of all sizes or types in one system, providing:
Full Visibility
Get a clear view of performance across all projects and roll up data to the enterprise level for better decision making.
Better Governance
Standardize common processes across all projects to improve governance and controls while increasing efficiency.
System Consolidation
Create a single hub of project data and reduce the number of spreadsheets, back-office systems and data repositories.
Take an Integrated Approach to Project Delivery
EcoSys brings together critical project data into a single, integrated solution for project portfolio management, project controls and project management. Implement best practices for budgeting and planning, cost controls and forecasting, EVM and project performance managementā. See measurable improvements to key business processes like:
Cost Controls
- Analyze project cost data using up-to-date dashboards and reports.
- Compare commitments to budgets and actuals.
- Gain key insights based on accurate information to inform corrective action.
- Manage and control the cost impact of changes, risks and issues using EcoSys Visual Workflows.
Project & Contract Planning
- Create projects using standards, templates and flexible coding structures.
- Develop detailed milestones and schedules to monitor and track performance
- Integrate schedule and cost information to create time-phased baselines
- Develop accurate cash flow forecasts.
Budgeting & Forecasting
- Create accurate budgets to avoid overruns.
- Develop detailed cashflows with integrated cost and schedule.
- Manage and control changes and contingency use.
- Manage costs, quantities and hours for any number of budget types and revisions.
- Accurately predict project outcomes with forecasting methods based on industry best practices.
- Utilize unique metrics to improve project predictability.