Up to 35% increased budget performance
Enhanced decision making
Up to 20% increase of overall productivity
Software to track your project cost performance
Cleopatra is a powerful project controls software solution that helps you track performance via interactive dashboards, comprehensive cost reports, insightful graphs and key performance indicators (KPIs). With this project cost tracking software 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.
Accurate forecasting for better cost control and decision-making
Forecasting is essential for effective cost control. By leveraging Cleopatra’s project controls 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 based on data analytics, and anticipated changes. Reliable forecasts enable informed decision-making, mitigate risks, and ensure successful project outcomes.
S-curves and Earned Value Management (EVM) for real-time project monitoring
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’s EVM software 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 schedule, cost management, and data synchronization
Integrated schedule and cost 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.
Feature highlights of Cleopatra's Project Controls Software
All our solutions come with their own unique features. Our project controls software does too! Explore a brief summary of some of them.
A substantiated baseline that takes both cost and schedule into account, which also allows tracking project performance on both metrics.
Use a single source of truth that contains all information on this project(s), which significantly decreases the opportunity to have faulty information.
A vast process with clear thresholds and decision paths that pushes changes to the right stakeholders for faster approvals.
Connected workers in the field can update the project management and controls team on field activities as they occur.
Multiple options to project future expectations based on actual changes, trends, risks, and more.
A flexible software solution that allows for dashboards that meet the requirements of all stakeholder types.
What our customers are saying
Make informed project decisions
Increase forecasting accuracy, use a rigid change management framework, and gain real-time insights to keep your projects on time and within budget.
FAQs about Cleopatra's Project Controls Tool
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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.
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What are the 3 steps in successful project budgeting?
The three steps to successful project 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 project 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.
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In what ways can the baseline be setup in Cleopatra's cost control software?
A cost estimate and schedule can be used to set up the baseline in Cleopatra Cost Control & Earned Value Management. Budget items can be set up from within cost management, imported from Excel or another system, but also be taken from an estimate made with Cleopatra’s cost estimating software. Similarly, a basic schedule can be set up 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 set up multiple baselines.
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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.
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How does Cleopatra's project controls software 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’s project controls software 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.
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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 and even define this per budget item.
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Can Cleopatra's platform manage different contract types?
Yes, you can use reimbursable, lump sum and hybrid contact types in Cleopatra’s platform. Moreover, you can visualize and manage your cashflow and revenue.
Resources to improve project controls
Infographic
Survey Report: Project Cost Management
Get a list of the most common project cost management problems that we have seen and our proposed solutions to fix them.
Mastering Project Controls: Turning Challenges into Opportunities
Watch the webinar to discover practical methods and make data-driven decisions to elevate your project controls skills.
What is Project Cost Management?
This article explains the different steps and processes in Project Cost Management, following methods like AACE International's TCM…
Cracking the Cost Performance Index (CPI)
Understanding the health of your project is at the heart of effective project management. The Cost Performance Index…
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