Better Cost Management in Construction
Perhaps some of the most important tasks performed on construction projects today are budgeting, planning, forecasting, and ultimately better management of projects. Technology can help—offering a solution for cost management.
Consider EcoSys EPC (Enterprise Planning & Controls), www.ecosys.net, Broomfield, Colo., which is a Web-based project controls software platform. The technology addresses many of the inherent challenges the construction industry faces with regards to budgeting, planning, forecasting, and managing projects.
The platform is designed to standardize best practices—from budgeting and planning, to cost forecasting and project performance management—across the entire enterprise. This means organizations are able to analyze project and program costs faster and improve predictability, as it fosters greater visibility and efficiency through an Excel-like interface. Some features include realtime analytics capabilities and an interactive charting solution.
This product stands out, as a product that offers unique capabilities for cost management for the construction industry, which is why it recently won the 2016 Constructech Top Products award, which highlights achievements and advancements in technology that have had a significant impact on the commercial market.
Keep an eye on this company and product in the future as well. EcoSys also announced its roadmap, which includes a new app framework, enhanced business intelligence analytics, and 5D BIM (building information modeling) integration capabilities.
With products such as this available in the construction market, companies have the opportunity to improve project efficiencies—and ultimately project costs. And isn’t that the goal of every construction project?
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