projectools cost control presentation

7/27/2019 ProjecTools Cost Control Presentation

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Most Oil & Gas-friendly cost management software is deployed on site

and very expensive.

Using ERP and accounting systems doesnt work for cost control.

Its hard to find cost management systems that integrate with

procurement, accounting, and schedulingapplications.

Most systems dont report earned value tied to actual project activities.

Inconsistent WBS is causinginaccurate internal and client reports.

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Who made this

spreadsheet?


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1. Standardizes WBS throughout the project

2. Uses project activities and data to report earned value

3. Integrates with Accounting, Procurement, and Scheduling

4. Escape spreadsheet and accounting system chaos

5. Price-performance leader

AND It is EPC centric so support, reports, and workflows are perfect for EP


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Define a WBS that makes sense Build a WBS format to use on projects or across the organization to improve

standardization and consistency.

Standardize the WBS Use consistent WBS for meaningful, accurate, consistent reports across projects

Roll up and filter reports by WBS to multiple WBS levels

WBS Mapping (OBS) Map your WBS to client WBS and produce client-friendly reports


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Link WBS to Project Activities Progress milestones in document control can be tied to WBS for reporting earned value.

Procurement package commitments are linked to budget items for accurate forecast reports.

Progress in scheduling, tied to WBS through ProjecTools scheduling interface, allows reporting

earned value in ProjecTools Cost Control.

Earned value reports Use progress milestones from ProjecTools Documents, Procurement, Scheduling Interface, and

more to calculate and report earned value.


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Financial Interface Link real-time accounting data to ProjecTools Cost Control to eliminate double data

entry and ensure all teams have the same numbers

Let accounting do accounting, and project controls manage project cost and

schedule

Scheduling Interface Integrate data from powerful scheduling applications with ProjecTools Cost Control

for effective reporting on earned value and project cost

Integrates with Procurement Link line-item commitments to Cost Control forbudget item and WBS reporting


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Project-centric Unlike ERP and accounting systems, Cost Control hasproject-based workflows to ensure proper

approval, change order procedures, and reporting for EPC projects

Planning/Baseline tools Project workflows make sure critical baseline requirements are met, which allows accurate budget

setup and tracking

The change order approval workflow keeps the baseline budget under control

Forecasting Project periods and budget profiling allow point-in-time forecast reports

Reporting Common EPC reports (Project Cost Report, Cost Histogram, Change Order Reports, Earned Value

Reports, etc.) come standard


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Quick and painless implementation Implementations take 1-2 days.

Easy-to-learn Get your whole team trained and using the application in fewer than five days.

Cost Effective

Use a cloud-based project cost management system that is cost effective and wontimpact your IT budget (No expensive servers and installation).

Complete Feature Set Manage budget setup, execution, and reporting from planning through closeout.


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Unlimited Data Storage

Global Access

Project Focused

Culture Builder

24/7 Access

Unlimited Projects No Maintenance Cost

24/7 Support

Standardizes WBS throughout the project

Uses project activities and data to report earned value

Integrates with Accounting, Procurement, and Scheduling

Escape spreadsheet and accounting system chaos

Price-performance leader


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Team Resource Modules

Time & Expense

Continuous Improvement

Action Items

Meetings

Performance Analyzer

Interface Manager

Health Safety Environment (HSE)


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ProjecTools Interfaces

Financial Interface

Scheduling Interface

Document Interface


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Return on Investment

Integrate data from Accounting, Scheduling, ProcuremCost into comprehensive project period-based reportin

Reduce schedule variance by 10%

Reduce cost variance by 14%*

Imagine saving$14 Million and 2.5 Months on a 2 Yea

Million project

*Rosenberg, D. & Walker, J. (2012). Project management needs for FPSO projects. Independent Project Analysis Inc. Unpublishedpaper presented at the Emerging FPSO Forum, Galveston, TX


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