HD PCM Product Overview and Success Storiesinfo.ineight.com/rs/ineight/images/Day 2- HD PCM Product Overview-Tuesday-115...HD PCM Product Overview ineight.com Project Cost Management

HD PCM Product Overview and Success Stories

Presented by:

Dave Aleman and Aaron Cohen

ineight.com HD PCM Product Overview

Project Cost Management (PCM) is a method that uses technology to measure cost and productivity

through the full life cycle of enterprise level projects. PCM encompasses several specific functions

of project management including estimating, job controls, field data collection, scheduling, accounting and

design. Beginning with estimating, a vital tool in PCM, actual historical data is used to accurately plan all

aspects of the project. As the project continues, job control uses data from the estimate with the information

reported from the field to measure the cost and production in the project. From project initiation to

completion, project cost management has an objective to simplify and cheapen the project experience. Source: http://en.wikipedia.org/wiki/Project_cost_management

Project Cost Management

http://en.wikipedia.org/wiki/Project_cost_management

http://en.wikipedia.org/wiki/Project_cost_management


HD Estimating – build cost models

HD Performance –

HD PCM Product Overview

Two proven products in one integrated solution

measure progress &

forecast completion

ineight.com

HD Estimating - BENEFITS Customizable project setup

Leverage existing cost models/Standardize WBS

Validate estimate

Time based estimate

Flexible CBS structure

Centralized Data Repository

Connectivity with ERP/Accounting

Connectivity to VDC model



Customizable project setup

Receive take-off data from multiple sources


A storehouse job is a single Job Folder acting as a storage facility.

Reproducing from one or many source Job Folders into a destination folder will expedite the estimating process and improve consistency.

When a new job is created the user can find most if not all of what they need in one place and copy the data into the new Job Folder

Storehouse or Template

Folder Job Folder #2 Job Folder #3

Leverage existing cost models/Standardize WBS

Utilize templates and past estimates

Source Source Destination


Validate Estimate

Benchmarking – leverage historical estimate and as-built data

… actual historical data is used to accurately

plan all aspects of the project …


Validate Estimate

Norms database – utilize RS Means or company NORMS data


Time based estimate

Bi-directional schedule integration - P6 or MS Project



Easily reorganize, group, filter, and sort structure



Roll estimate into an account code hierarchy


Centralized Data Repository

Organize and maintain resources and assemblies in single location



Maintain alignment with Back Office


Connectivity to VDC

Link estimate to model


PROVEN VALUE • Improved estimating accuracy

• Increased estimating efficiency

• Better business results

HD Estimating

ineight.com

HD Performance - BENEFITS Ability to organize project for effective internal management control

Ability to Plan, Schedule, and establish Baseline Budget

Record/Account for direct and indirect project costs

Analysis – How are we doing? Project-to-date performance reporting

Earned value, Plan vs. Actual, and Production Analysis

Forecasting with Multiple ETC methods

Ability to handle Revisions/Change Management


Connectivity to VDC



Ability to organize project for effective internal management control

Estimate structure

Project Control

structure

… . As the project continues, job control

uses data from the estimate …


Ability to Plan, Schedule, and establish Baseline Budget


Record/Account for direct and indirect project costs

Multiple ways to record actual direct and indirect costs, quantities, and hours

… . with the information reported from the field to

measure the cost and production in the project…



Earned Value – Actual vs. Earned with Cost Variance and CPI



Plan vs. Actual – easily analyze cost and man-hours



Production Analysis – analyze actual production rates to the budget



Forecasting – develop revised estimates of cost at completion



Multiple ETC methods – re-evaluate remaining work using statistical forecasting



Identify changes to scope, costs, and schedule



Change Management – incorporate changes into the budget


Connectivity with ERP – maintain alignment with Back Office


Connectivity to VDC – connect progress to model


PROVEN VALUE • Increased visibility and control

• Reduced risk

• Greater confidence

HD Performance


• Gives owners, EPCMs, and contractors the

visibility and integration between schedule

and ERP that they require.

• Reduce risk and gain confidence in project

data with HD PCM.

• HD PCM is the only solution with total

integration of these systems for a single

version of the truth.

• Project stakeholders can therefore always

accurately answer the question, “where did

you get that number?”

• HD PCM’s open-integration standard receives

project cost and productivity data from

virtually any source, resulting in total project

visibility.

Project Cost Management recap

Dave Aleman – [email protected]

Aaron Cohen – [email protected]

mailto:[email protected]

mailto:[email protected]

Documents

HD PCM Product Overview and Success Storiesinfo.ineight.com/rs/ineight/images/Day 2- HD PCM Product Overview-Tuesday-115...HD PCM Product Overview ineight.com Project Cost Management