Cost Management | Omega 365

The focus is on the future, not just the past, providing opportunities to take action before cost overruns occur.

The system utilizes well-known processes for planning, estimating, budgeting, managing, and controlling costs. These processes enable standardization across all company projects, providing a solid foundation for both project and portfolio reporting.

Facilitate Proactive Decision-Making Throughout the Project

Earned Value Management

Scope and Change Management

Baselines

Forecasting

Boost Operational Efficiencies

Adopt industry standards & best practices such as ANSI / EIA-748 and PMI Earned Value Management Practice Standard.
Manage vendors, contracts, variation requests, cost phasing milestones / progress, cash calls & invoices verifications.
Unleash streamlined, automated & rigorous processes to accelerate project cost management cycle.
Leverage powerful data analytics with pivots & dynamic charts across all project dimensions.
Enhance reporting via built-in reports, status reports, dashboards & projects portfolios.
Minimize manual inefficiencies & enhance control/focus on changes & analysis.
Manage project personnel, calendars, rates & allocations.
Trivialize multi-currency management & budgeting.

Continuously Update Forecasts to Maximize Project Outcomes

Increased focus on performance, analysis and forecasting to maximize overall project goals, earned value & returns.
Gain information & uncover insights empowering faster actions & mitigation.
Slice & dice all project cost management data using a same system.
Monitor project and portfolio performance.
Optimize owner's funds usage.

Decrease Project Uncertainties

Better anticipate variations, leverage opportunities & prevent / mitigate earlier.
Granularly track potential and actual changes to control estimates.
Integrate project risk management for contingency planning.