Asset-intensive organizations can struggle to manage thousands of large-scale capital projects in a year. How well they are able to control the costs of these projects has a direct impact on their financial success.
As spending tightens and scrutiny gets higher, it is more import than ever to effectively manage and control project costs. Trying to track this in spreadsheets becomes more and more difficult and limits timely visibility. Fortunately, there’s a smarter option.
PowerPlan’s Project Portfolio Cost Management Suite is designed to meet the challenges faced by asset-intensive companies. It integrates with existing systems, delivers real-time visibility into all costs, and can help implement robust cost controls.
For asset intensive companies, managing and controlling project costs is critical to the organizations success. Organizations must have a clear picture of their project costs, implement robust cost controls, and improve the timeliness of project forecasts. PowerPlan’s integrated system projects an integrated breakdown for all project commitments and costs to help optimize spend. The product includes:
TVA quickly identified $61 million in documented value through enhanced project cost tracking in PowerPlan in the first few months of usage alone.