Big enough to deliver – small enough to care

Big enough to deliver – small enough to careBig 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

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

Enter Estimates

• Document basis of Estimate– Quantities– Norms– Rates

• Track all Changes to Estimate– Contract Register– Change Register– Personnel Register

Cost Management in Pims

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

Baselines

• Functionality for activating and archiving baselines

ForecastCurrent Baseline

Archived Baseline

Establish new

baseline

Report against the

current baseline

Archive baselines

before establishing

new

Activate Baseline Archive Baseline

Cost Management in Pims

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

Cost Management in Pims

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

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

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

FPSO - Basic Engineering

• Reimbursable Contract• Focus:

– Earned Value Analysis– Change Management

FPSO - Hull and Living Quarters

• Lump Sum, Fixed Price Contract• Focus:

- Change Management

FPSO - Topsides

• Reimbursable Contract

for the Engineering

scope, fixed-unit price

on construction and

installation

• Focus: Earned Value

Analysis, Change

Management, Quantity

Management