Effective cost management 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 access to accurate and current data through automated interfaces with internal and external sources, and supports performance benchmark analysis based on all active and completed projects, while standardizing lifecycle cost management processes across your enterprise.

Key Benefits

EcoSys enables you to better forecast completion costs so you can effectively mitigate overruns. Systematically apply cost management best practices to your projects, portfolios, and contracts through:

Efficiency

Spend more time on cost management processes and less time gathering data

Visibility

Analyze project cost performance across the enterprise, at any level of detail

Standardization

Deliver a consistent approach to cost management across all project teams

Integration + Automation = Better Cost Management

EcoSys combines industry best practices and company-specific processes into a single enterprise cost management solution. Creating estimates, calculating forecasts, and developing project controls plans is accomplished efficiently and accurately through automated data interfaces with financial, scheduling, and other project management systems.

Costs of all types can be managed, whether expressed as revenues, expenditures, resources, effort, or quantities. All cost types can be time-phased using any method or data source to create accurate cash flow profiles and performance baselines.

Leverage powerful capabilities in EcoSys Portfolios and Projects to systematically apply cost management best practices across your enterprise:

In EcoSys Portfolios:

Easily maintain and manage annual and multi-year capital budgets. Identify and develop capital plans using workflow driven stage gates for evaluating, ranking, and selecting 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, all within the same enterprise platform. Quickly summarize and report based on any attribute at the portfolio, program, or project level.

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Capital Budgeting & Planning
Funds Management
Pipeline Management
Project Development
Portfolio Optimization & Control
Detailed Estimating & Budgeting
Change Management
Risk & Issue Management
Performance Management
Forecasting
In EcoSys Projects:

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, whether for cash flow management or performance baselines. 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 flexible EcoSys Visual Workflows. Measure project progress and analyze trends to identify cases of poor and strong performance.

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