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Cost Budgeting & Forecasting
InEight Cost Budgeting & Forecasting enables you to create accurate forecasts and budgets based on real-time metrics.
BENEFITS
- Eliminate surprises by gaining complete control of project costs
- Know “where that number came from” because you’re getting daily earned value metrics that allow you to drill into cost performance details
- Get current progress information that will take your forecasting accuracy to a whole new level
- Spend more time making decisions and acting on them, and less time gathering data and massaging disconnected spreadsheets
REDUCTION
in the time spent generating cost reports.
DRAMATICALLY
improve forecasting accuracy.
INTEGRATE
with your ERP system to simplify month-end close.
THE PILLARS OF KEEPING YOUR BUDGET ON TRACK
InEight provides an auditable cost control process that connects directly to related functions such as estimating and field data capture, and change order management.
Create a baseline budget directly from the original estimate and easily manage changes to the budget over time.
Collaborate with project stakeholders to deliver the most accurate forecast.
Integrate with ERP and scheduling systems to keep project budgets and forecasts aligned with other
corporate systems.
FEATURES
- Manage a project’s budget using an intuitive cost breakdown structure (CBS) appropriate for the project, while still supporting an account code structure required for corporate financial reporting
- Turn your estimate into a budget that’s organized in a logical cost breakdown structure and maintain all assumptions such as resource rates, labor and equipment hours, productivity assumptions and more
- Manage changes to the current budget using built-in tools to easily process budget moves, quantity changes and contract changes
- View current commitments, percent complete and actual costs to date for any budget line item, along with any pending or approved changes
- Build bottom-up forecasts by estimating resources and hours for remaining work
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RELATED SOLUTIONS
Solve more of your biggest project pain points by exploring additional solutions.
ESTIMATING & PRICING
Provides feature-rich estimating software that delivers a higher level of certainty to capital projects.
CONTRACT & PROCUREMENT MANAGEMENT
Enables you to efficiently manage contracts and procurement to keep project delivery on track.