Project cost management is one of the most important management activities needed to ensure a project is delivered within the cost expectations laid down by the project's definition. IPM’s extensive features help all team members effectively manage project cost.
Help Entire Program Team Maintain Control and Approvals
Document pertinent scope information associated with each control account using IPM’s WBS Dictionary module to permit program CAMs to plan and begin work. Streamline workflow and approvals through Finance, CAMs and Program Managers, and maintain work authorization revision control. Minimize cycle time for your entire program team, from document creation to approvals.
Eliminate Third Party software (MPM, Cobra)
Eliminate many of the manual and time-consuming interfaces other cost systems require using IPM’s integrated cost engine or opt to seamlessly integrate Deltek’s MPM. Streamline your process and gain quicker execution of the EV reporting cycle.
Streamline Resource Loading and EVM Compliance
Streamline and reduce the rigor involved in resource loading the project schedule. Allow all CAMs to establish, report and review their EV baseline concurrently for faster and more effective budgeting. Assign lower level tasks to IMS activities for percent complete data backup or for internal CAM use. This process ensures cost/schedule integration and EV compliance.
Articulate Program Changes with Ease
Articulate changes to the project baseline plan using standardized forms and workflow using IPM’s Baseline Change Request (BCR) feature. Enable team members to perform “what-if” assessments, real time costing of impacts, and time-phased before/after/delta reporting, while allowing management to understand BCR status, workflow, & history reporting.
Greatly reduce effort with robust EAC forecasting
Provide CAMs an extensive and user-friendly toolset that eliminates the manual effort involved in evaluating their forecasted costs associated with EAC (Estimate at Completion) more than any other system on the market. Enforced by its alignment with the schedule, users can establish and review their EACs either at the Control Account or Package level.
Simplify Variance Analysis Narratives
Eliminate the manual compilation of data and analysis required to establish effective variance analysis. Provide visibility into the rates, elements of cost, and other integrated data to enable CAMs to analyze Cause, Impact and Corrective action. Enable business and program managers a means to streamline reviews and reporting to the IPMR Format 5 report while tracking and reviewing these changes within the Corrective Action Log.
Robust Reporting and Dashboards
View and analyze cost management data and project thresholds with a wide range of charts, data grid reports, trend analysis reports, and dashboards. Create an unlimited number of dashboards choosing from many different types of gadgets to visually display metrics.
IPM performs all DCMA Data Integrity Checks PLUS additional checks to validate cost data. Learn more.