ProjecTools Cost Control allows project managers to effectively execute and control Oil & Gas and EPCI projects. Regulate cash flows, mitigate risks and present concise reports employing tools that fuse integral information and communication with real-time, world-wide access
Cost Control Features:
Enforceable Budget Controls
Definable Work Breakdown Structure
Purchasing, Financial and Scheduling Integration
ITR ProjecTools OBS (Other Breakdown Structure)
SAAS Model
Extensive Reporting Tools
Performance Measurement
Budget Forecasting
Cost Control Benefits:
Protects Baseline from Inception Through Closeout
Accuracy and Consistency Managing and Reporting on Projects
Single Entry Financial and Scheduling Data Prevent Wasted Time and Inaccuracies
Provides Mapping From WBS to Multiple Stakeholder Breakdown Structures
Create, Distribute and Track Procurement Packages for Online Review and Approval
Maintain Financial Visibility and Credibility
Accurately Compute Variance and Earned Value
ProjecTools Cost Control Components:
Cost Controller
Determine work breakdown structures (WBS), build a profiled baseline budget, and manage administrative and contractual change orders. Use integrated, web-based tools to manage each WBS with line item precision from man-hours, revenue perspectives, and cost. Other breakdown structures (OBS) allow organizations to map existing WBS formats for consistent and familiar reporting.Quickly duplicate project control structures and best practices to swiftly deploy new projects
Financial Interface
Integrate existing accounting systems with ProjecTools Cost Control and Procurement to produce accurate, financial data and reports in a protected environment eliminating duplicated effort and expensive data entry errors. Financial Interface pushes purchase order and change order data directly and pulls purchasing data, actuals, and commitments directly to and from your organization’s accounting system, avoiding cumbersome spreadsheets
Scheduling Interface
Integrate existing scheduling systems with ProjecTools for true collaboration and progress reporting
Home Page
The ProjecTools Home Page enables users to carry-out tasks as well as view, download, mark-up, and submit
items as well as define and generate Cost Control Histograms.
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