Budgeting is critical for understanding and managing project funding and resource requirements. Accurate forecasting helps you analyze project performance and make adjustments to stay on budget and schedule. Together, they are the foundation, and perhaps the most important part of any project controls and project management solution.
EcoSys provides a flexible and integrated platform for budgeting & forecasting that helps you produce more accurate baselines, manage and control contingency and manage budget changes. Then you can accurately forecast the cost, time and resources needed to complete the project.
Key Benefits For Budgeting & Forecasting
Integrated project processes and data help you produce better budgets and forecasts. EcoSys enables:
Develop accurate performance baselines and cashflows
Manage and control contingency, budget changes and revisions
Use different forecasting methods based on project scope or type
Accurate Budgets + Predictive Forecasts = Better Project Performance
With well-established budgets setting the baseline, forecasting is the life blood of project controls: predicting the outcome based on current trends and being able to take corrective action.
EcoSys contains powerful and robust budgeting capabilities to help you produce accurate baselines. Then leverage budgets, progress, and actuals captured within the platform to produce advanced, predictive forecasts.
EcoSys delivers a unique combination of best practice approaches for budgeting and forecasting, while providing the flexibility to follow the processes that are already established and working within your organization.