We’ve entered an era of intense scrutiny into spending on government projects. Agencies have an obligation to provide transparency into their programs and show that those programs are being executed efficiently. EcoSys provides federal agencies with a consolidated Commercial-Off-The-Shelf (COTS) platform for Capital Program Management, Funds Management, Budget Submission and Requests, Project Cost Management and Earned Value Management (EVM). With EcoSys, agencies achieve enterprise visibility and process standardization across projects and programs.
Capital Program Management
By prioritizing and justifying capital and operational investment decisions using EcoSys, stakeholders at all levels of the organization participate in planning, whether approving budgets, forecasting, or monitoring performance. Agency or program level plans can be consolidated from detailed plans without the need to consolidate numerous spreadsheets. The software provides the tools for effective, full lifecycle capital program management.
EcoSys provides powerful funds management capabilities, allowing the identification, forecasting, and categorization of all sources of funds. EcoSys supports OMB requirements by providing a complete audit trail by Fund Code of budget authorizations from Congress, allocations to programs and operations, Project Authorizations (PA’s) and Project Requests (PR’s). Precisely report on performance against plan, by funding source, program, or project. Programs can create and save different versions of budget requests for submissions, and modify versions as required, all in one central location.
Budget Submission and Requests
EcoSys’ budgeting and forecasting capabilities allow program and business managers to publish spend plans for organizational review, and maintains an auditable database of budget requests, from OMB submission through congressional authorization and appropriation, to final allocations from agency to the individual programs. Managers plan expenditures using web-based spreadsheets, forecasting by program, project, Budget Line Item, Color of Money and/or Fund Code, recording data by year, month, or by transaction. Where detailed project plans exist, users benefit from the software’s seamless integration with Primavera P6 and Microsoft Project.
Project Cost Management and Earned Value Management (EVM)
EcoSys delivers full lifecycle project cost management to assist organizations with planning, measuring, and improving project performance. EcoSys provides configurable Excel-like tools for estimating, budgeting, forecasting, contract management, resource management, and performance measurement. The software serves as an integration platform, bringing together data from multiple systems, including general ledger/ERP, scheduling, HR, asset management, work and contract management systems. With a complete set of project cost reports and a built-in report writer, EcoSys automates reporting to provide faster, more accurate information. Resources are freed from data manipulation and given the time to truly analyze data, making recommendations that will drive cost performance.
EcoSys provides comprehensive capabilities as an Earned Value Management Solution (EVMS). EcoSys is a fully compliant EIA 748 EVMS, formerly ANSI 748, and supports more lightweight EVM processes appropriate for smaller projects. This allows organization-wide visibility into project performance, while allowing for varying levels of process rigor.
Related White Papers
- Financial Management’s Role in the Recovery Act
- Adopting Right-Sized EVM to Drive Project Performance
Related Case Studies
- Implementing an Earned Value Management/Cost Controls System at the FAA
- Budget Formulation Software at the Department of Defense