Project Controls

Project Controls Services

Anyone will agree that any new project will need some kind of cost estimate, preferably as accurate as possible, in order to make better financial decisions and to minimize risk of losing money on big investments. However, even projects that have been approved for execution, never have a fixed price; causes for cost increases (or decreases) during the project execution phase, compared to the baseline estimate, could be:

Design changes
Weather outages
Price fluctuations of equipment
Lower than expected productivity
Unforeseen local conditions
Etc.

The sooner you recognize certain patterns or trends that might affect the costs of your project, the better you’ll be able to take corrective action. This requires, above all, experience. The cost controllers of Cost Engineering are both experienced and educated in the field of project controls and thus might be able to help you successfully execute your project within budget and within schedule.

Cost Engineering services

Our project controls services consist of three main parts:

Accurate forecasting of how your project is going to develop in terms of both time and costs
Managing changes as to recognize scope changes as early as possible and to take corrective actions where needed
The use of dedicated project control tools; with Cleopatra Enterprise you’ll always get timely and accurate management dashboards, with all details taken into account but without losing the overall picture. It also connects directly to the original budget baseline, so all relevant information is kept in one place

Project close-out

If there’s one aspect of project management that is mostly overlooked, it’s the project close-out. The reason is simple; it will deliver the least value for the executed project. However, the value for future projects could be immense; historic data lets you quickly and easily create more accurate high-level estimates for budget screening of projects and hence reduces the risk of investing time and money on non-viable projects. Our cost controllers know this and will always take care of a proper project close-out to ensure re-usability of valuable data.

	Initiation	Tender	Contract Agreement	Realisation	Close out
Contract Management	Contract Strategy	Develop Tender Documents		Project Meetings & Reports Contract Benchmarking Contract Maintenance	Close-Out Report Contract Mediation
Cost Estimating	Conceptual / Feasibility Estimating Cash Flow Analysis Location Factor Studies Value Engineering	Budget / Tender Estimating Bid Evaluation Bid Negotiations		Asset Validation Asset Verification
Cost Management				Project Cost Management Change Management Earned Value Management Portfolio Cost Management	Financial Close-Out
Risk Management	Scope Review Risk Analysis Workshops Risk Register Definition	Project Risk Inventarisation Risk Analysis Tender Documents		Risk Management Risk Mitigation	Risk Administration Risk Inventarisation

Project Controls