Transportation projects are typically complex multi-year initiatives involving ambitious scope, large budgets, numerous integrated projects, and multiple stakeholders and contractors. Project managing transportation projects is also a complex undertaking. The time and effort required for assembling diverse datasets for reporting and tracking can be so demanding that often programs have difficulty getting a comprehensive view of overall progress, potential issues and trends, and opportunities for corrective action.
EcoSys is an enterprise planning and cost controls software solution designed to address the project management challenges faced by transportation programs. It delivers visibility for public agencies/owners, EcoSys firms and contractors, as well as mixed organizational structures like Public-Private Partnerships and Joint Ventures.
With EcoSys, model the organizational budget cycle and manage the annual and out year budget planning processes. Budget by department, specific financial and/or cost category, and funding source. Create unlimited versions and revisions of budgets for the same financial year and plan multi-year budgets. EcoSys fully supports Performance Based Budgeting efforts, aligning agency goals with operational execution.
EcoSys is a long-range capital program management platform, allowing web-based management of capital plans, including funding forecasts, investment prioritization, funding allocations and allocation rules, and project budgets. The software provides web-based spreadsheet-style data entry to allow distributed entry of budgets, forecasts, and progress.
EcoSys provides consolidated views of funding, budgets, forecasts, commitments, and actuals, by providing visibility into data entered in EcoSys and imported from scheduling systems including Oracle Primavera P6 or Microsoft Project, and from SAP, Oracle E-Business Suite, and other ERP or general ledger systems.
For public sector programs, city and county plans can be consolidated into regional, agency and departmental plans, such as Statewide Transportation Improvement Plans (STIPs) or Transportation Master Plans, without the need to consolidate numerous spreadsheets. EcoSys supports alignment of data to government funding categories and funding codes, and supports submission of reports according to government guidelines, including STIP/TIP/RTP, STP, and MTP capital planning formats, FTA/FHWA requirements, ARRA submission formats, and EIA-748 Earned Value reporting formats.
Project Cost Management
EcoSys is a complete project cost management platform, allowing management of and visibility into funds, budgets, forecasts, commitments and performance. The software delivers performance trend analysis and forecasting through off-the-shelf and configured reports. Auditable change control is managed through the system so budget changes and reprogramming efforts can be managed precisely, retaining a full history of decisions made. From estimating and budgeting through project execution, forecasting, and performance measurement, EcoSys automates reporting to provide faster, more accurate information. Resources are freed from data manipulation to truly analyze data and make recommendations that will drive cost performance.