EFFECTIVE COST CONTROL AT YOUR FINGERTIPS

Gone are the frustrating days (and nights) spent assembling cost reports produced at the last minute from various spreadsheets and manual systems. With COSTRAC™ as part of your project control team, your task of controlling and managing project costs is simplified - giving you time to identify where the costs are going and what the final costs will be at the end of the day in time to take effective remedial action.

FOCUSING IN ON PROJECT COST CONTROL

The amount of time spent managing your cost control system will be considerably reduced and allow you to capture data with junior personnel so that you can use your valuable time more effectively doing 'what-if' scenarios and examining cost trends and forecast costs. COSTRAC™ 's unique tools help you focus on structuring costs in a manner useful to the project team. It also treats predicted costs from a current cost platform rather than merely reporting on historic data. COSTRAC™ has been designed specifically to give you control of the project costs. It is not an estimating tool and is used after approval of the capital cost estimate.

However, by the systematic and intelligent use of the coding structures, COSTRAC™ can be set up to extract historic cost data for estimating purposes on future projects. COSTRAC™ is not a project accounting system. There are innumerable accounting software packages on the market that provide accurate details of historic company and project costs to date in terms of normal accounting practice. COSTRAC™ focuses on structuring and managing costs in a manner useful to the project team. It also treats predicted costs from a current cost platform rather than merely reporting on historic data. It is designed to be used in conjunction or in parallel with the company financial accounting system.

HELPING YOU MAKE INFORMED COST DECISIONS GIVING YOU FLEXIBILITY AND INTERACTION

COSTRAC™ provides a means to set up structured budgets facilitating management and control of cost transactions. COSTRAC™ ensures that comparative data is instantly available allowing informed cost decisions. It is a flexible tool designed to provide the user with the configuration capacity to suit varying project control needs and to provide the required control of all project costs. When coupled with the project program, COSTRAC™ also provides the added dimension of period-to-period cost control, cost trend analysis and cash flow management. COSTRAC™ is menu driven and simple to use with a structure that provides an obvious operational flow.
COSTRAC™ has been implemented using Microsoft Access ensuring that competent users can modify standard reports generate or generate user-defined reports as required. It is also possible to interact with the software and customize it for use in a particular environment as the data model is open and exposed. COSTRAC™ provides you with a swift and accurate real-time project cost management software system, that permits you to analyse all your costs in broad concept or in minute detail.