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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
90%

REDUCTION

in the time spent generating cost reports.

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DRAMATICALLY

improve forecasting accuracy.

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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.

BUILD

Create a baseline budget directly from the original estimate and easily manage changes to the budget over time.

CONNECT

Collaborate with project stakeholders to deliver the most accurate forecast.

INNOVATE

Integrate with ERP and scheduling systems to keep project budgets and forecasts aligned with other
corporate systems.

“The benefit of having data from multiple systems in one data library is huge!”

Nathan Kitzman

Senior Project Controls Estimator | COMED

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

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.

View More

CONTRACT & PROCUREMENT MANAGEMENT

Enables you to efficiently manage contracts and procurement to keep project delivery on track.

View More

Ready To Get Started?

Schedule a one-on-one consultation with an experienced InEight solutions expert.

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