cost control

Cost Control & Earned Value Management

with Cleopatra Enterprise

Projects and turnarounds usually cost substantial capital or operational expenses to execute. To prevent cost overruns and startup delays, there is an increasing need for cost control and earned value management (EVM). These practices assist companies to stay within budget and time, by monitoring project performance against the baseline, identifying areas of concern and implementing corrective measures.

Up to 35% increased budget performance

Enhanced decision making

Up to 20% increase of overall productivity

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Cleopatra helps you track performance via interactive dashboards, comprehensive cost reports, insightful graphs and key performance indicators (KPIs). With these tools at your disposal, you can measure variances and promptly implement measures to align your project and turnaround performance with expectations. By leveraging Cleopatra’s comprehensive earned value management capabilities, project managers gain valuable insights into project performance, enabling data-driven decisions.

Forecasting is essential for effective cost control. By leveraging Cleopatra’s cost control software and earned value analysis tools, you will be able to predict where your project or turnaround is heading. Cleopatra helps you predict the project outcome based on current progress and performance, historical trends and anticipated changes. Reliable forecasts enable informed decision-making, mitigate risks and ensure successful project outcomes.

 

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Track project performance in real-time with Cleopatra’s advanced earned value management functionalities. This includes dynamic dashboards featuring S-curves and KPIs for real-time visualization of project progress and performance. Cleopatra supports the tracking of Cost Performance Index (CPI) and Schedule Performance Index (SPI), along with customizable metrics and forecasting methods tailored to your specific needs.

Integrated cost and schedule management enables organizations to get greater control of their projects. Furthermore, integration with ERP systems and Business Intelligence tools, ensures that project data is synchronized across the organization, providing a single source of truth. This integration enables project teams to focus their valuable time and resources on critical activities such as forecasting, reporting, and change management.

Smart Integrations

All our solutions come with their own unique features. This one does too! Explore a brief summary of some of them.

Strong baseline by combining cost and schedule

Increased efficiency through integration with ERP

Formalize the change management process

Real-time progress tracking from the field

Extensive forecasting capabilities

Configurable dashboards and KPIs

What our customers are saying

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Request a live demonstration and experience the benefits Cleopatra Enterprise can have for your organization.

project dashboard
Estimating

Cost Estimating

Streamline your estimating process and feel supported in every phase of your project, from conceptual to detailed level. View solution
Estimating

Cost Estimating

Streamline your estimating process and feel supported in every phase of your project, from conceptual to detailed level. View solution
Field Change Management

Change Management & Project Tracking

Cleopatra Enterprise ensures effective change management to manage project performance. Mitigate changes prior to becoming issues for successful projects. View solution
Field Change Management

Change Management & Project Tracking

Cleopatra Enterprise ensures effective change management to manage project performance. Mitigate changes prior to becoming issues for successful projects. View solution
Integrations icon

Integrations

Integrate existing applications with Cleopatra’s advanced integration software solution to boost productivity and streamline operations. View solution
Integrations icon

Integrations

Integrate existing applications with Cleopatra’s advanced integration software solution to boost productivity and streamline operations. View solution
Data Analysis Benchmark

Data Analytics

Cleopatra Enterprise for benchmarking turns data into gold, identifies hidden trends and transforms your projects into success by making informed decisions. View solution
Data Analysis Benchmark

Data Analytics

Cleopatra Enterprise for benchmarking turns data into gold, identifies hidden trends and transforms your projects into success by making informed decisions. View solution

FAQs about Cleopatra Cost Control & Earned Value Management

  • What are the main benefits of cost control?

    Cost control improves profitability, better decision-making, competitiveness, budgeting, forecasting, and cash flow management. It achieves these benefits by reducing costs, optimizing processes, and identifying opportunities for cost savings. This results in better financial performance and competitiveness in the market.

  • What are the 3 steps in successful project budgeting?

    The three steps to successful budgeting are:
    1. Understand the project scope.
    2. Break down the project into tasks and milestones.
    3. Create a solid estimate build-up.

  • What are the most useful control metrics/KPIs?

    The most useful project control metrics/KPIs depend on the specific goals and objectives of the project. Common ones include Schedule Performance Index (SPI) and Cost Performance Index (CPI), Earned Value Management (EVM), progress against the baseline, risk, and quality metrics. They help monitor project performance, identify issues, and take corrective actions to ensure timely, budgeted, and quality project completion.

  • In what ways can the baseline be setup?

    A cost estimate and schedule can be used to setup the baseline in Cleopatra Cost Control & Earned Value Management. Budget items can be setup from within cost management, imported from Excel or another system, but also be taken from an estimate made with Cleopatra Cost Estimation. Similarly, a basic schedule can be setup in cost management, and more complex schedules can be imported from dedicated scheduling software such as Primavera and MS Projects. All these interfaces are bi-directional and enable you to setup multiple baselines.

  • Can you use information from your ERP system in Cleopatra?

    Yes, it is possible to import information such as commitments (contracts, POs) and actuals (hours, invoices, expenses, accruals) directly from ERP systems such as SAP. Additionally, you can also extract this information from Excel.

  • How does Cleopatra enable accurate forecasting to drive project performance?

    You can forecast the project by collecting all information on actual progress and cost. This can range from simple assessments to the evaluation of earned value and performance metrics. Through multiple scenario analyses, Cleopatra provides insights into best and worst-case scenarios. Thus, this further informs the project team of possible scenarios and solutions to better steer your project.

  • Can Cleopatra adapt to different project sizes and complexities?

    Cleopatra is suitable for various project sizes and complexities. Furthermore, it enables users to manage projects at both high and detailed levels of control.

  • Can Cleopatra manage different contract types?

    Yes, you can use reimbursable, lump sum and hybrid contact types in Cleopatra Cost Control & Earned Value Management. Moreover, you can visualize and manage your cashflow and revenue.

Ready to start?

Request a live demonstration and experience the benefits Cleopatra Enterprise can have for your organization.