Challenge
Our client wanted to shift from traditional baseline budgeting practices to performance-based methods, enabling managers to focus on value produced and not just money spent.
Solution
- The module was configured to allow users to budget by units-of-work, which the system transformed into proper accounting while applying centrally managed rules for unit pricing, labor balancing, loadings, and allocations.
- When planned work was already maintained in another system, integrations were established with these work-management databases, avoiding duplicate data entries.
- The monthly import of actual results allowed the system to produce performance measuring analytics, including: price, labor and material efficiencies, and earned value reporting.
Impact
Our client’s budgeting process was transformed from a traditional baseline process to a robust cost model that provided bottom-up cost justifications for rate cases, explained cost variances, and gauged operational performance.
