November 12th, 2012
Partnership delivers mining project control best practices
EcoSys, provider of best-in-class enterprise planning and cost controls software, today announced that its web-based project cost management solution, EcoSys EPC (Enterprise Planning & Controls) has been implemented by Tahoe Resources Inc., a silver exploration and development company. EcoSys EPC now serves as the project controls platform including a central repository to aggregate data for cost reporting and will provide budget change management.
Focused on becoming a leading producer of precious metals, Tahoe Resources is using EcoSys EPC as it develops its world class Escobal silver mine, which is responsible for creating 500 jobs in Southeast Guatemala. Due to the mine’s finite lifespan and large capital expense requirements prior to silver production, finding a means of effective cost controls became a necessity. EcoSys provides Tahoe Resources with a single system to support budgeting, change management, commitments tracking, reconciliation of actuals, performance measurement and forecasting. EcoSys EPC allows program managers and project controllers to manage earned value and facilitates time-phasing of costs over the lifespan of the project.
Christen Bergerud, Executive VP at EcoSys, commented, “Tahoe Resources’s Escobal project needed a system to support cost control best practices ‘out of the box’ but with the flexibility to meet its specific requirements. Because Tahoe Resources is an international company, this same system also needed the ability to support multiple currencies that are regularly used in its operations. Tahoe Resources found its solution in EcoSys EPC, which provides a scalable cost controls system that is able to support multiple projects and currencies, and that can provide full visibility into project performance and automated report generation.”
EcoSys EPC is a web-based solution designed to deliver best practices for project cost management, portfolio management, capital planning, budgeting and forecasting, funds management, resource management, estimating, and earned value management. To obtain more details on the implementation of EcoSys EPC by Tahoe Resources, download a copy of the case study.
EcoSys is an industry leader in project cost controls software. EcoSys has worked with over 250 customers worldwide in industries including mining, oil & gas, utilities, engineering and construction, transportation, IT, and government. EcoSys is headquartered in New York, with offices in Houston and London.
EcoSys EPC is an advanced planning and cost controls software solution delivering best practices for full lifecycle project cost management in an integrated, easy-to-use web application. Bridging the gap between planning and execution, EcoSys EPC is used for capital planning, budgeting and forecasting, estimating, and comprehensive management of costs, funds, resources and earned value.