InEight Control Software Features

Cost Management Capabilities to Support Capital Projects

InEight Control is construction cost management software purpose-built for capital projects. With real-time cost tracking, forecasting, and earned value management, it provides full visibility into financial health while strengthening cost control, increasing transparency, and integrating seamlessly with existing systems.
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InEight Control Is Part of an Integrated Construction Project Controls Solution

The modular, integrated InEight platform manages every aspect of capital construction. InEight Control works with InEight Contract, InEight Change, and InEight Plan & Progress to deliver real-time visibility into project costs, forecasts, and performance across the entire lifecycle.

Explore InEight Control’s Capabilities for Real-Time Cost Management in Capital Construction

InEight Control supports construction forecasting, budgeting and cost control, and earned value management. These features provide real-time visibility into financial performance, making it easier to spot variances, compare current values against the baseline, and keep capital projects on track.

Capabilities supporting accurate budgeting, cost tracking, and financial control for confident project delivery.

 

Function Capability Why It Matters
Budget Change Control Workflows for budget changes and automatic budget updates from changes Gain transparency, prevent unauthorized spending, and ensure every change is accountable. InEight Control enables formal control of budget modifications with requests routed for approval through the proper workflow. Once approved, the working budget is automatically updated, with a full audit trail of who made each adjustment, when, and why.
Budget Change Management Reallocate budget items without formal change orders when appropriate Real-time flexibility lets you respond quickly to evolving project needs while maintaining a complete record of every adjustment for accountability. InEight Control lets you shift budget line items without requiring a formal change order when it makes sense. Approved changes update the working budget while still preserving the original baseline for audit.
Budgeting & Cost Control Establish and manage project budgets (multi-level WBS, versions, etc.) With InEight Control, you always understand how your budget evolved and can defend decisions with historical context. Build construction budgets—often imported from estimates—and maintain multiple versions, such as original and current, with allocations tracked at each WBS level. As changes occur from scope adjustments or funding reallocations, prior versions are preserved for side-by-side comparison.
Committed vs. Uncommitted Costs Distinguish committed costs (contracts/POs) from uncommitted budget Gain clarity to help you avoid overspending and manage cash more confidently with InEight Control. See committed amounts from contracts or purchase orders alongside remaining uncommitted budget for each cost item or category. As new commitments are created, they automatically roll up into your project’s committed costs, giving you real-time visibility into financial exposure and what remains available to spend.
Construction Budgeting Build budgets with custom breakdowns and multiple versions View multiple budget snapshots—original, approved, and revised—for side-by-side comparison and a clear picture of how contingencies and allowances are allocated over time. InEight Control lets you create and import budgets from estimates, support flexible breakdown structures, and maintain multiple versions while tracking contingencies separately. Build initial budgets directly from estimating outputs or ERP data, then refine them with custom work breakdown structures.
Contingency & Allowance Management Track contingency funds and allowances within the budget You can always know how much buffer remains for unforeseen risks and show a complete record of its use. InEight Control lets you allocate portions of your budget for contingencies or allowances and manage drawdowns automatically. When a change order is approved, you can choose to draw from contingency or add directly to the budget, with every adjustment logged in detail.
Granular Cost Tracking Break down costs by category, resource, WBS, and discipline InEight Control lets you track data the way that works best for your project. Slice the data by department, project phase, or cost center for precise financial control. Break down costs by direct vs. indirect, labor vs. non-labor, resource, WBS, discipline, and more, with configurable detail for custom reporting. Drill into any cost bucket—whether it’s equipment rental, subcontractor fees, or overhead allocations—to uncover trends and drive corrective action.

Features enabling precise forecasting and earned value insights to keep projects on target.

Function Capability Why It Matters
Earned Value Management (EVM) Calculate Cost Performance Index (CPI) and Schedule Performance Index (SPI) by comparing actuals to baselines Gain clarity to make timely, informed adjustments with InEight Control. Compare actual cost and schedule progress against budget to calculate CPI and SPI, maintain baseline versions, and report key metrics like Budget at Completion (BAC) vs. Estimate at Completion (EAC). By storing each baseline—initial and revised—you can quickly pinpoint variances, track performance trends, and generate executive-ready dashboards that show where cost or schedule efficiencies—or overruns—are happening.
Earned Value Tracking Track % complete and earned value against budget at all levels Quickly identify where cost or schedule issues emerge and act before they escalate with InEight Control. Monitor progress against the budget across the entire project hierarchy. The system calculates CPI and SPI by comparing earned value to actual cost and planned value, then highlights variances at any WBS level.
Forecasting Capabilities Generate time-phased forecasts using performance data Gain both flexibility and traceability, so you can see how forecasts evolve and validate planning assumptions over time. InEight Control generates time-phased forecasts using productivity data, built-in or custom methods, and saves periodic snapshots to analyze trends. You can choose from standard forecast models or define your own formulas, then archive each iteration.
Forecasting Final Costs Predict and update forecasted cost-to-complete and at-completion values Compare multiple scenarios side by side, giving you the confidence to make informed decisions about project financial outcomes. Provide data-driven forecasts for remaining work using built-in methods such as earned value or unit-rate extrapolation or apply your own custom formulas. Forecasts update in real time as actual costs and field progress flow in, letting you see how your Estimate at Completion (EAC) evolves.
Scenario Forecasting Run parallel what-if forecasts and compare EAC variants Use versioned snapshots and side-by-side analysis to present options clearly to stakeholders and choose the best mitigation strategy. Maintain multiple “what-if” forecast scenarios in parallel, compare EAC variants, and retain all historical versions for review. You can model alternative assumptions—such as productivity changes, cost escalations, or funding shifts—and instantly see their impact on final cost and schedule. With versioned snapshots to support side-by-side analysis, you can choose the best mitigation strategy for the project.

Capabilities ensuring budgets and forecasts stay aligned automatically as changes are approved.

Function Capability Why It Matters
Change Order Management Track pending vs. approved cost and revenue changes You can track pending vs. approved cost and revenue changes, log revised budgets, and flag unapproved work so potential cost exposure never slips through the cracks. With automatic updates, your financial forecasts and contractual values stay in sync—no more mismatched numbers between systems. InEight Control delivers real-time dashboards that surface work-at-risk items and pending approvals, giving you the visibility to act before scope creep impacts the bottom line.
Budget Integration of Changes Automatically updates project budgets and forecasts when changes are approved Always have a reliable record of project history. Approved change orders automatically update budgets and forecasts in InEight Control, so you don’t waste time on manual updates. This ensures that your current working forecast always reflects the latest approved scope, giving you confidence in every decision. At the same time, you maintain the original baseline for audit and variance analysis, so you always have a reliable record of project history.

Integrations supporting seamless cost, contract, and field data flow for a single source of truth.

Function Capability Why It Matters
Actual Cost Integration Auto-import actual spend from ERP or manual uploads Your project cost status always reflects what’s really being spent. InEight Control lets you import actual expenditures from ERP or financial systems—or even manual Excel uploads—via open APIs to keep budgets and forecasts up to date. Actual costs such as AP invoices, payroll entries, and vendor payments flow directly into the system. You still have the option for manual entry when needed, but automated integrations eliminate duplicate data entry and close the loop between field operations and corporate finance—saving you time and reducing errors.
Project Cost Capture Integrate actual expenditures from field/ERP into project costs Gain the confidence and accuracy you need for cost control. With InEight Control, your financial picture always reflects true spend from the field through closeout. Capture actual costs like labor hours, material quantities, and invoices, and integrate them with your accounting system via open APIs. Whether entered manually or pulled from ERP or payroll systems, these actuals feed directly into your project budget.
Cross-Module Data Flow Seamless data flow between InEight modules InEight Control is part of the seamless integration across the InEight platform, ensuring project data flows automatically between modules.
ERP System Integration Bi-directional integration with ERP systems InEight Control provides secure, bi-directional integration with your ERP systems, creating a single source of truth between project teams and corporate finance.
Multi-Currency Support Handle multi-currency transactions with ERP rates InEight Control supports consistent, global cost management with automatic currency conversions sourced from your ERP to keep financial reporting aligned across regions and reliable in every currency.

Capabilities turning financial data into clear, actionable insight for better decisions.

Function Capability Why It Matters
Cash Flow & Time-Phased Reporting Produce period-based cash flow and revenue reports You can seamlessly deliver month-end and quarter-end statements without the headaches of manual reconciliation. InEight Control links directly to your ERP’s fiscal calendar and produces time-phased cost and revenue reports—monthly, year-to-date, or inception-to-date—while aligning with financial periods and projecting cash-flow curves (planned vs. actual vs. forecast). With customized reporting periods and visuals, you can easily monitor cash burn rates and revenue accrual at any interval.
Cost Reporting & Dashboards Standard and custom reports on budget, cost, and forecast data Gain clarity to track performance and the confidence to share results across your organization. InEight Control generates both standard and custom reports to analyze budget vs. actual vs. forecast, contingency utilization, earned-value metrics, and more. Interactive dashboards let you drill into any cost bucket or time period for deeper insight, while automated distribution ensures stakeholders always receive accurate, up-to-date financial snapshots on schedule.

Features maintaining visibility, compliance, and accountability across all contract activities.

Function Capability Why It Matters
Retention Management Handle contract retainage (withholding a percentage until completion) Gain clear visibility into what’s being withheld and when it’s due to be released, helping avoid missed releases, reduce manual follow-ups, and improve cash flow predictability. InEight Control tracks retention terms on each contract, calculating withheld amounts per invoice and monitoring release schedules. Separate retainage ledgers are maintained, alerting users when retention milestones or release conditions are met.
Transaction History Review a complete audit trail of all financial transactions You gain the transparency and accountability needed to track project spend, resolve disputes, and maintain compliance with confidence. InEight Control captures full transaction histories—logging every financial transaction with dates, statuses, and change references—so you always have a complete audit trail at your fingertips.

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