Cost control is essential for any projects-driven organization, but you can’t reduce budget overages without access to the right data at the right time. How can you predict where you are headed without an accurate picture of where you are now?
EcoSys provides real-time access to data through automated interfaces. Utilize performance benchmark analysis based on all active and completed project. Use the leading cost management software solution to standardize your processes across the enterprise.
Key Benefits of EcoSys’ Project Cost Control Software
EcoSys enables you to better forecast costs so you can limit overruns. Apply cost control best practices to your projects and portfolios with:
Spend more time managing costs and less time gathering data
Analyze project cost performance at any level of detail across your enterprise
Manage costs consistently across all project teams
Integration + Automation = Better Cost Management
EcoSys combines industry best practices and company-specific processes into a single platform that is perfect for cost management. Create estimates, calculate forecasts and develop project controls plans easily through automated interfaces with financial, scheduling and other project management systems.
Manage costs of all types: revenues, expenditures, resources, effort, quantities and more. Time-phase using any method or data source to create accurate cash flow profiles and performance baselines.
For Project Portfolio Management:
Manage and maintain annual and multi-year capital budgets. Identify and develop capital plans using workflow-driven stage gates. Evaluate, rank, and select projects. Allocate and track funds from source definition through to project utilization. Ensure funds are spent according to their intended purpose using defined business rules. Develop parametric concept estimates based on benchmarks captured from past projects performance. Quickly summarize and report on any attribute at the portfolio, program or project level.
For Project Controls & Project Management:
Develop detailed estimates and budgets consistently across all projects. Standardize budget, contingency, change and forecast management processes. Time-phase based on any method or data source. Analyze project cost data using up-to-date dashboard and reports. Manage and control cost impact of changes, risks and issues in real-time using EcoSys Visual Workflows. Measure project progress and analyze trends to identify cases of poor and strong performance.