Cost Management

Take control of project performance

Cost Management will help to forecast, understand, and constructively influence time and cost outcomes of a project.

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The focus is on the future and not only on the past, which gives opportunities to take action before cost overruns occurs.

The system uses well known processes for planning, estimating, budgeting, managing, and controlling costs. System processes will allow for standardization across all projects in the company and enabling a good basis for project and portfolio reporting.

Cost Management products and clients

The new Stavanger University Hospital

Sykehusbygg, which is the national agency for expertise in hospital planning and construction, and their Stavanger University Hospital building project in Stavanger, was one of our first pilot projects when adapting Pims to clients in the construction sector.

Celebrating the opening of Johan Sverdrup field

The completion of Johan Sverdrup phase 1 is a complex job that requires interaction across many disciplines and departments. Omega provided the project with a digital project arena for interaction based on experiences from previous projects.

Continuously updated forecast on project outcome

  • Increased focus on performance and forecasting to lower overall business expenses 
  • Gain information to take mitigating actions to enhance efficiency
  • Help utilize the company's funds in the best possible manner
  • Examine project and portfolio performance
  • Have all project cost management in one system

Standardize Cost Management

  • Use built in processes to standardize cost management for all projects
  • Standard built in reports and pivots
  • Track potential and actual changes to control estimates
  • Enabling the use of status reports for projects and portfolios
  • Manage costs to meet industry standards (incl. ANSI/EIA-748 and PMI Earned Value Management Practice Standard)

Introduction to Pims Cost Management

Contact us - we're here to help!

If you're interested in Omega 365's products and solutions or simply want more information, please don't hesitate to contact us or request a demo!

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