Cost Management Solution

Project Cost Management/Control System

Cost control processes in Unifier software solution is one of the most comprehensive modules that uses simultaneous calling of multiple processes to inform the latest cost situations at the portfly, design and project level. In other words, the project cost control module in The Primavera Unifair software system can be integrated with all financial processes such as budgeting, contracting, status, changes and provide comprehensive reports on the latest revenues and costs in the project. Also, in this solution, it is possible to create cost distributions on scheduled commitments and enable the organization and project to create cashflow reports.

 

Cost control difference in Unifier and P6

The question that may arise for some managers and experts is the position of cost control in Unifier compared to the Primavera P6 software. To be clear, suppose you want to do cost control or cost management in the P6 software. Think about the challenges listed below:

1. Is it possible to record project revenues independent of project costs in P6 software system.
2. Is it possible to register contractual amounts in P6.
3. Can the cost changes for each sector be tracked.
4. Can you record the actual costs at any level of WBS or Activity?
5. Can you provide reports on situations or spending commitments?
6. Is it possible to register payments such as down payments, ali al-Hassabs independently.

The above questions are some of the challenges that are very complicated and sometimes impossible to do in Primavera P6 software. If we want to summarize why, we have to say that the approach is completely different. In scheduling software such as P6 or Microsot Project budgeting, real cost registration is done with a completely different approach and usually with systems such as EVMS- Earned Value Management System, estimation, budgeting, calculation of the acquired value and actual cost of the project and finally calculating the variances, performance indicators and forecasts are done.

 

The project cost control system at Unifier enables organizations to manage all estimates and financial transactions in the project in proprietary business processes with a process-based approach and generate aggregate reports at different levels.

 

 

Implementable processes in unfair primavera cost control system

Project Budget Management (Budgeting)

InitialBudget

• Registration of budget rows in the form of requests or approved items
• Budget approval workflow
• Distribution of budget rows in cost centers

BudgetChange

• Request budget change (cuts or increases)
• Workflow confirms budget changes
• Distribution of rows of budget changes in cost centers

BudgetTransfer

• Request the transfer of funds from one item to another
• Workflow confirming budget transfer
• Distribution of budget transfer rows in cost centers

Funding (Paymentfrom Owner)

• Registration of submitted status statements and overtime payment requests and claims
• Finalization workflow, sending and receiving status statements
• Distribution of alleged rows in the form of status in cost centers

Revenue funding

• Registering revenues and securing non-contractual credits in the project
• Finalization workflow to receive
• Distribution of rows in cost centers

Commitments Management

AccrualContracts

• Registration of contracts and its specifications in defined forms
• Registration of contract provisions and rows of work range
• Distribution of contract rows in cost centers
• Cash Flow Distribution
• Contract Verification Workflow
• Appending files and documents related to the contract

ChangeOrder

• Request a change of range
• Record rows requesting changes
• Distribution of rows of contract changes in cost centers
• Workflow confirming changes

Status (PaymentApplication)

• Registering the status statement in the system by specifying the contract reference and the relevant rows
• Cost distribution of status rows in cost centers
• Workflow Status Verification

PurchaseOrder Registration

• Order purchases and specifications in defined forms
• Registration of purchase order provisions and range rows
• Distribution of purchase order rows in cost centers
• Cash Flow Distribution
• Workflow of purchase order verification
• Appending files and documents related to the purchase order

Invoice

• Registering the status statement in the system by specifying the reference of the purchase order and the relevant rows
• Cost distribution of status rows in cost centers
• Workflow Status Verification

Purchase Order Changes (PurchaseOrder Amendment)

• Request changes to order clauses
• Distribution of rows of order changes in cost centers
• Workflow confirming changes

Non-contracting costs(Payments)

• Submit a payment request
• Distribution of payment request rows in cost centers
• Workflow confirmation of payment request

Project Cost Control and Project Cash Flow (Cost Control)

CostSheet

• Read the information related to the value gained including PV, EV and BAC from the schedule
• Distribution of all accrual costs, changes and done in cost centers
• Read the information of financial documents and documents distributed in cost centers from the financial system of solutions
• Generate Cost Sheet cost table report and provide in different formats
• Reports and analysis at the project level and Cost Sheet with drill down capability up to detailed cost levels
• Reports and analysis at the organization level and Cost Sheet with drill down capability up to detailed cost levels

CashFlow

• Cash flow charts with information related to schedule (PV, EV)
• Cash flow charts of obligations
• Cost charts performed
• Paid Fee Charts
• Requested Earnings Charts
• Collected Income Charts
• Aggregate diagrams of all relevant information and reports at the project and organization level