ProjecTools Cost Control Software
ProjecTools Cost Control Software
Leverage the power of your processes and accumulated organizational knowledge. Configure your project with your numbering formats, and lists. Or use ours. ProjecTools Cost Control Software Solutions links your WBS to any project activity important to your schedule and budget. Data connections to project tasks, document and procurement progress, purchase order releases, inspections, etc. User friendly onsite (or in the field) time and expenses logging.
Define budget item profiles with user friendly tools. Spread budget item cost across project periods according to your project schedule. Roll up your WBS and Budget Items or drill down to view desired level of schedule and budget status and performance. Save multiple views for quick access to the different specific levels you routinely monitor. Track budget forecasts and real-time performance at the summary or detail level. View KPIs by project, category, discipline, team, or individual.
Communicate with third-party scheduling and accounting programs through secure data connections for seamless integration with your other key project data sources.
Dashboards & Reports
Role-based Dashboard provides quick, user friendly access to analytics and reports. A couple of clicks gets you to:
• Project Cost Details
• Client Detail BvE
• Project Cost Estimate Detail
• Earned Cost Report
• Accounting Commitment Summary • Overage Report
• Budget vs Actual by Project Period
• Project Cost Progress
• Project Staff-Hours Report
• Project Change Orders Pending/Approved
• Received Invoices vs Budget
• RFQ, RFP, PO, and CO Cost
• AND MORE
Link your WBS structure to your client’s WBS to filter, display, and report in your client’s own familiar structure.
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Return On Investment (ROI)
Cost control software is an amazing thing. Many cost control groups fight tooth and nail for software that can handle the reporting and data management demands placed on the project control group. Unfortunately, most are still using accounting software and spreadsheets to get by because it is difficult to demonstrate a clear return on investment (ROI). See more on demonstrating ROI and Cost Control Software can help your teams standardize project control practices and implement consistent reporting on discipline level to reduce cost growth and schedule slips that lead to big penalties and list credibility with the client or investors.
See a detailed presentation of ProjecTools Cost Control Software
See ProjecTools Cost Control Software
Fill in the form below to access the detailed presentation on the features and benefits of ProjecTools Cost Control Software. The presentation is complete with cost control workflows and screenshots of ProjecTools Cost Control Software.
How It Works
ProjecTools Cost Control software allows project managers to successfully control and execute Oil & Gas and EPCI projects. Manage cash flows, mitigate risks and produce concise reports using tools that integrate critical information and communication with real-time, world-wide access.
Cost Controller
Keys to successful project control software implementation is the ability to define work breakdown structures (WBS), build a profiled baseline budget, and manage administrative and contractual change orders. ProjecTools Cost Control Software gives project controllers the ability to execute the budget plan from start to closeout using a defined process that is enforced by the system. No need to shoot from the hip and hope the project meets the target.
ProjecTools Cost Control Software lets project controllers use integrated, web-based tools to manage each WBS with line item precision from cost, man-hours, and revenue perspectives. The system also helps generate critical reports to predict cash flow requirements.
Other breakdown structures (OBS) allow organizations to map existing WBS formats for consistent and familiar reporting. This is a terribly important yet often overlooked part of cost control software. By reporting using client numbering and formatting – reports are more meaningful and clients are happier.
Instantly replicate project control structures and best practices to rapidly deploy new projects.
Financial Interface
Integrate existing accounting systems with ProjecTools Cost Control Software and Procurement to generate precise, financial data and reports in a secure environment eliminating duplicated effort and costly data entry errors. Financial Interface pushes purchase order and change order data directly and pulls purchasing data, commitments and actuals directly to and from your company’s accounting system, bypassing cumbersome spreadsheets. This capability to integrate cost and spend data is an increasing priority for cost control software as project controllers are stretched thinner, given tighter reporting deadlines, and required to achieve new levels of accuracy.
Scheduling Interface
Integrate existing scheduling systems with ProjecTools Cost Control Software for true coordination among planning and execution teams while further integrating data for true progress reporting.
| Feature | Benefit |
|---|---|
| Budget controls | Protects baseline from inception through closeout |
| Work breakdown structures (WBS) | Standardized for accuracy and consistency reporting on projects |
| Purchasing, financial and scheduling integration | Single entry financial and scheduling data prevent wasted time and inaccuracies |
| ProjecTools OBS (Other Breakdown Structure) | Provides mapping from WBS to multiple stakeholder breakdown structures |
| SaaS model | Provides secure, worldwide access to real-time project control data and reports |
| Extensive reporting tools | Maintain financial visibility and credibility |
| Performance measurement | Accurately compute variance and Earned Value |
| Budget Forecasting | Maintain accurate projections with visibility into bid package progress and pending change orders |
Home Page
The ProjecTools Home Page allows users to complete tasks as well as view, download, mark-up, and submit items as well as define and generate Cost Control Histograms.