New budget, forecast features give InEight users more granular view of projects
New functionality within InEight Control will help project teams keep projects on schedule and on budget.
The construction project management software firm announced an update to its Control platform this month that will provide enhanced revenue and forecasting tools for users, leading to improved accuracy and visibility on projects.
“Until now, gaining greater granularity of a capital project’s budget or forecast has been a considerable challenge,” said Rick Deans, executive vice-president, industry engagement at InEight. “This new feature further elevates the capabilities of project managers versus traditional ERP system offerings, allowing key project stakeholders to gain real-time insights into the project’s percent complete, revenue, budget and forecast, while creating numerous possibilities for earned value management.”
The company says its new time-phased feature will allow budget to be aligned and tracked in any defined fiscal period to match required reporting.
“Not only will the feature allow for more detailed analysis such as comparing forecasted value, earned value, and actual value for any period, it will also allow project teams to understand where to focus resources on improvement efforts, where the project is excelling, and whether forecasting efforts are accurate or need attention,” Deans adds.