Prepping the Control Budget for Various Interfaces
Organizations require certainty when it comes to the financial performance of project execution. This can be required to determine profitability for general contractors or the total cost of delivering and funding an asset for owners. Projects teams are frequently left to invent data structures and processes based on previous experience and project data is often isolated in spreadsheets or point solutions and not available for portfolio level benchmarking.
The InEight solutions provide an integrated and connected platform that enables standardization of processes around project cost performance and collection of data. This structured approach enables collection of portfolio data in such a way that allows for efficient collection and insight.
This document outlines considerations and recommendations for the preparation of a project budget for implementation in InEight Control. It also covers several specific configuration options when publishing the project budget from InEight Estimate to Control. It is intended to assist with the preparation of standard operating procedures for the preparation of budgets for use with InEight Control.
Tags: Estimate ControlBudget Preparation Cost Breakdown CBS Conform WBS Structure Terminal Direct Configuration
Published: 9/9/2021