Budget & Cost Management

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The Proliance Budget and Cost Management application provides the backbone to managing and forecasting the financial success of all programs and projects. The application’s features combined with platform functions, deliver a comprehensive Web-based system for managing the budget development process and comparing budgets to actual costs. 

Benefits: 
  • Organize your budget into a detailed scope breakdown

  • Manage contracts and change orders all integrated with the budget

  • Track changes early on and gain visibility into anticipated costs

  • Roll up and drill into all financial metrics to gain visibility into project activities

  • Provide easy to use cashflow and Earned Value capabilities to use forecasting and project measurements

Functionality: 

Project Scope

  • Organize the budget into logical groupings that align with the scope of the project
  • Leverage early budgets for better planning and control
  • Approve and release budgets in a controlled fashion based on workflow approvals

Cashflow Forecasting

  • Forecast and spread budget and costs over any time period
  • Keep snapshots of each projection for a comparison with earlier periods
  • Integrate with Proliance Scheduling to calculate earned value

Hierarchical Coding

  • Create user definable Work Breakdown Structures that align with your organizational standards
  • Flexible coding allows for multiple codes to be assigned to each cost element
  • Leverage grouping capabilities to enable flexible cost reporting

Anticipated Cost Report

  • Rollup and Drill through cost reporting
  • Fully integrated with the Budget & Cost systems ensures accurate data
  • Interactive views allow for dynamic grouping

Transfers

  • Review and Approval of all budget and cost transfers
  • Fully transactional to ensure accurate time based reporting
  • Auditing allows full detail of each transfer

Modules