Project Cost Control in Construction Industry

The control of construction costs takes place during every phase of the construction project. The estimate is generated during the preconstruction phase. The estimate is the baseline by which actual cost performance is measured. During the construction phase, actual costs are collected and compared to the estimate. The variances between the estimate (budget) and the actual costs direct the project management team to the project hot spots. The continuous monitoring of the project costs gives the team feedback on the effectiveness of their efforts.

In this webinar, we will showcase the capabilities and functionalities, under the following topics,

• Robust cost code structure
• Budget Approval and change control
• Contract management and change control
• Automated Invoice and Payments
• Project Cost sheet with Budget VS actual and EVM Calculations
• Cash flow curve generation for projects, contracts, line items, and cost codes.

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ImageGrafix Software FZCO is the leading value-added-distributor, technical support centre and service provider of engineering design and project management software and solutions for Oil & Gas, Building & Infrastructure and Product Design & Manufacturing (CAD/CAM/CAE) industries in the Middle East, Egypt, and India.

Project management in construction is still inextricably connected with pen and paper. As a result, many projects are in a stalemate situation facing low productivity, high rework rates, and costly misunderstandings between the boardroom and the field. In this workshop, we will cover the following topics

• Why Digital Project Management is top Priority?
• Real-time communication between the Site & Office
• Project Insights
• Automation of Workflow Process
• Standardized Project Structures

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