Cost Control & Management

We have a complete in-house Cost control & management expertise that includes set of documents that are required in assuring your project completes on budget. Few are mentioned below:

• Budget Estimation Consultancy with performance reports
• Baseline Cost loading (Part of Baseline Schedules)
• Budgeted Cost reports of the project
• Monitoring & Controlling the Cash Flow / Project Budget
• Budget Forecast reports and control part to assure the timely completion of project on budget
• Value Engineering that includes Earned Value management (EVM) studies and reporting
• Cost / Budget related Risk Assignments and management

Cost Control & management is the process of planning, estimating, funding and forecasting that ensures a project will be completed within approved constraints. The goal: to ensure projects deliver best value for organization while reducing risk so businesses can make sound financial decisions as well manage cash flow effectively. We maintain the cost data in keeping in mind the different strategies such as:

• Cost performance report (budget versus actual costs)
• Cost Variance Analysis
• Projected Cost at completion Analysis

The techniques we use in developing progress reports and dashboards are:

1. PIRT Technique: Project Intelligence Reporting Tools (PIRT) are essential for a business to be successful, and at ProgressGenic, we offer you this and more services that will broaden your information needed for success of your project scope.
2. Custom Reports: Handing over report building to us will also mean that you can rest easy knowing you won’t just get the data, but also a specifically tailored custom reports according to your company or project standards. This means it’s in-depth and comprehensive analysis in the form of cost data is shown as a compilation in to report templates which we develop specifically for your project.Projected 

You can discuss your project Scope and design with us (Surely after a Non Disclosure Agreement) in order for us to completely understand the project before moving ahead. Most importantly, you need to share your project BOQ with us.

The pre-requisite of Progress reporting is a Baseline Schedule with cost loaded if you have one, otherwise you may get our Project Schedule Management services and we will handle everything from Schedule creation, resource and cost loading to all the cost related reports throughout the Project life cycle.

You shall also share the project specifications related to Progress reporting / Project controls setup in your project’s conditions of contract, or, we may follow the FIDIC general conditions of contract to take care of reporting system. 

Your data is always kept confidential and secure with us. We and our clients sign the confidential agreement or Non-Disclosure agreement before moving ahead. We surely know the sensitivity of costs of projects and we always had kept that secured at our side.