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 scheduling applications.

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

Inconsistent WBS is causing inaccurate internal and client reports.
Photo credit: http://www.flickr.com/photos/zachklein/54389823/


Who made this
spreadsheet?
These accounting
reports are killing me!!
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 EPC projects
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

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.

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 for budget item and WBS reporting
Project-centric
Unlike ERP and accounting systems, Cost Control has project-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
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 wont
impact your IT budget (No expensive servers and installation).

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

Unlimited Data Storage
Global Access
Project Focused
Culture Builder
24/7 Access
Unlimited Projects No Maintenance Cost
Free Updates
Zero IT Burden
Stable OPEX
Market Proven
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
Team Resource Modules
Time & Expense
Continuous Improvement
Action Items
Meetings
Performance Analyzer
Interface Manager
Health Safety Environment (HSE)
ProjecTools Interfaces
Financial Interface
Scheduling Interface
Document Interface
Return on Investment
Integrate data from Accounting, Scheduling, Procurement, and
Cost into comprehensive project period-based reporting to:
Reduce schedule variance by 10%
Reduce cost variance by 14%*

Imagine saving $14 Million and 2.5 Months on a 2 Year $100
Million project
*Rosenberg, D. & Walker, J. (2012). Project management needs for FPSO projects. Independent Project Analysis Inc. Unpublished
paper presented at the Emerging FPSO Forum, Galveston, TX