Big enough to deliver – small enough to care

Pims
Cost Management
Pims Cost Management - Features
• Large variety of built-in reports

• Scope and Change Management

• Earned Value Management

• Powerful analysis tools

• Project Commitments Management

• Supports multiple projects and projects with multiple

owners (joint ventures)
Cost Management Process in Pims
Setup WBS
Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actuals Contracts
Reporting Follow-up
 Setting up the WBS
• Identify Facilities, Responsibility and
Activities
• Forms the basis for:
– Estimating
– Reporting
– Reference all Project Control Information
• Up to 10 levels deep
• Corporate standard/ Project specific
• Alternative Structures
• Owner Split
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
 Enter Estimates
• Document basis of Estimate
– Quantities
– Norms
– Rates
• Track all Changes to Estimate
– Contract Register
– Change Register
– Personnel Register
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
 Cost and Progress Planning
• Time phase the projects
– Estimate (Reporting basis for
new baseline)
– Progress
– Total Forecast
– Budget
• Per work package
• Pre-defined profiles for
early phase
• Inflates / deflates
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
Baselines

• Functionality for activating and archiving baselines

Report
against the
current
Archive
Establish baseline
baselines
new Activate Baseline Archive Baseline before
baseline
establishing
new

Current Archived
Forecast
Baseline Baseline
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
 Contract Management
• Full contract register
• Document and Track all
Commitments
– Original Contract
– Change Requests
– Growth
• Milestones
• Responsibility
• Scope of work
• Link with
– Project Control Basis
– Invoice Verification
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
Status Reporting

• Merge multiple reports into a

single PDF file

• Supports all Pims reports

• Import Schedules and Pictures

• Add Narrative text

• Distribution matrix
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
 Cost Change Management
• Register to keep track of all
queries
• Easy to create new forms
• Attach external files
• All change request forms in
one location
• Approval Process
• Change Proposal (CP)
Report
Cost Management in Pims
Setup WBS

Update Enter
Forecasts Estimates

Manage Timephase
Change Estimates

Produce Set
Reports Baselines

Actual Value Contracts &

Reporting Invoices
Forecasting
• Project Forecasting
1. Expert Judgment
2. Based on Contracts/PO information
3. Based on Cost Changes
4. Based on Earned Value Management principles
5. Based on Risks Cost Impact
Cost Analyzing

• Pivot grids

• Export to Excel

• Compare baselines
Demo Case: Balder
Project scope: Design and build a FPSO
Joint venture between Pacific Oil Company (75%) and Arctic Oil and Gas (25%)

Demonstrates how Pims deals with:

- Owners cost / personnel cost
- Different types of contracts
- Changes
- Earned Value Management
- Forecasting
- Budgets and Funding
- Reporting
WBS
Project
Management Team

Owner’s Cost Insurance

Contingency

Balder FPSO Basic Engineering

Hull and LQ

FPSO Topsides

Commissioning

Contingency
FPSO - Basic Engineering
• Reimbursable Contract
• Focus:
– Earned Value Analysis
– Change Management

FPSO

Basic
Engineering

Allowance Provisional Sum General Civil/Architect Electrical HVAC Instrumentation Piping/Layout Structural Telecom Subsea
FPSO - Hull and Living Quarters
• Lump Sum, Fixed Price Contract
• Focus:
- Change Management

FPSO

Hull and
LQ

Hull LQ
FPSO - Topsides
Topsides

• Reimbursable Contract Management Engineering Procurement Construction Installation

Provisional
Sums/Allowance

for the Engineering

Management and Main Power Sub-Contract 1
General Lifting Vessel
Services Generators Sub-Contract 2
scope, fixed-unit price
Auxiliary
on construction and Electrical
Generators
Sub-Contract 3 Supply Boats

installation HVAC Major Equip 3 Sub-Contract 4 Sub-Contract 3

• Focus: Earned Value Instrumentation Major Equip 4

Analysis, Change
Piping/Layout Structural Steel

Management, Quantity
Management Structural Piping Bulk

Telecom Electrical Bulk

Subsea Instrumentation