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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 - PowerPoint PPT Presentation
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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
