Projects Costs

Pressure to reduce or maintain budgets is driving sharper scrutiny of discretionary spending, and increases the importance of effectively identifying and delivering projects within budgets.  This additional scrutiny reinforces the importance of adopting best-practice financial management processes to improve cost and benefit estimating, and effectively tracking cost performance to ensure that each project is delivered within budget and that it realises the forecasted benefits.  In addition, providing project accounting views can be a challenge when financial data is spread across multiple line-of-business (LOB) systems.

Standardising cost and benefit estimates

EPM Partners provide tools to accurately capture realistic cost and benefit estimates for projects early in their life cycles to help executives effectively select projects that maximise ROI under varying budget constraints.  Cost and benefit estimates are key factors in approval processes, and a measure financial performance during project execution.

Project accounting and change management.

EPM Partners provides tools to help approved projects provide accurate cost accounting throughout the entire project life cycle, also to capture changes in scope or in execution of the project and the impact on the overall project cost and related benefits when the project is completed.

Financial visibility and insights

EPM Partners provides executives with reports and views that allow them to assess financial performance across the project life cycle through a powerful, flexible, and easy-to-use reporting system.

EPM Partners provides a solution that helps organisations meet their project costs challenges by providing comprehensive financial management capabilities throughout the life cycle of a project, from capturing cost and benefit estimates (n the business case), through effectively tracking costs during project execution.