95 resources match your search criteria
10 steps to manage your budget when scope changes
Change orders in projects are the norm, not the exception, so the seasoned project manager won’t be stumped by recasting the budget to account for altered objectives. How well you can adjust your budget to a scope change depends on how well you budgeted the project in the first place.…
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5 benefits of having all your project costs in one system
Project cost data flows through multiple departments. At each step, the data has to be handled, reported, copied or moved throughout the organization. By centralizing project cost data in one software system, you have the opportunity to dramatically improve the handling of project costs. Let’s look at the five greatest…
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How data is changing your cost management
To advance your cost management practices, knowledge and experience needs to be captured and shared. How would this change the way you do cost management? Estimating knowledgebase Estimating project costs becomes more standardized with use of modern software. Cost engineers develop and maintain information about prices, labor and other valuable data…
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Van Oord enhances offshore wind tender estimations using Cleopatra
Van Oord, one of the world's most renowned dredging and offshore contractors, has selected Cleopatra Enterprise as their cost estimating software of choice. The implementation of Cleopatra Enterprise is part of the company's initiative to improve efficiency by digitalization. "Increasing size & complexity of offshore projects is driving the need to…
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3 tips to increase the accuracy of your estimates
What is estimating accuracy? Estimating accuracy is the degree to which a calculation of an item varies to its actual value. As estimators, we want to minimize the gap between the estimated and the actual cost. Of course there are a lot of factors involved here. We have to take…
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Cost Management at turnarounds - a double introduction
For those already familiar with Cleopatra Enterprise, you know it is a robust Shutdown, Turnaround, and Outage (STO) Software that includes integrated cost management. This software allows users to ‘close the loop’ from high-level estimating to detailed cost control, all within a central database. This closed-loop approach provides opportunities for…
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5 crucial steps to successfully use cost estimating software
At Cleopatra Enterprise Consultancy we have helped many organizations in their search for the right cost estimating and cost management software. Over the years we have identified some critical areas that determine the successful use of dedicated cost estimation tools. These are five of the most important factors. 1. Find…
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Cost Estimating with Microsoft Excel Is a Bad Idea
6 reasons why estimating with Microsoft Excel isn't optimal In the world of software, there’s hardly any tool that is more hated and loved at the same time as Excel. Some think it’s great because of its functionalities, others despise it for just the same. Most will agree it’s easy…
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Managing oil price fluctuations through cost management
In the rapidly changing world economy, it is a challenge to adapt a company’s business to the supply and demand of the moment. We are only just emerging from a recession, but the ever fluctuating oil price still has a profound impact on players in the field throughout the production…
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Cost management for turnaround projects, useful or not?
Most of you know that turnaround management is critical for refineries and other petrochemical facilities, as these major events require careful planning and cost management. Turnarounds typically involve significant capital expenses to execute and major operational expenses due to revenue loss when the facility is shut down. As such, they…
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