Pims Cost Management
This user guide provides an explanation of features and functionality in Pims Cost Management.
See also: product information.
This module includes the core features required to control cost on the project; WBS, Work Packages, register estimate, set up cost plans and report status
The Contract Management module focus on the contracts and all changes to the contracts, both committed and potential changes.
The module can be used for verification of invoices and to make sure the all invoices are coded against correct WBS.
The Quantity Management module can be a valuable tool in providing realistic forecasting by having a detailed control of all the quantities and unit prices
For joint-venture projects, the Owner Split module is used for tracking cost and prepare separate status reports for the owners of the project
The Personnel module is used for following up project management team cost and resource planning
The changes to the control estimates (MCE or CCE) can be tracked and documented using the Cost Change Management functionality. It also supports tracking and estimation of contingency drawdown. The changes are identified, categorized and estimated. Both pending and approved changes can be tracked.
Definitions and explanation of the key terms used in Pims
ForecastingMonitor the actual cost for the PMT and forecast based on position durations and rates logged in the personnel module. Track key earned value indicators like cost performance, cost variance and schedule performance.