Construction Management Software, Cost Estimation – WorkSavi
With WorkSavi’s construction cost management software, you can manage your costs efficiently: from the planning stage, all the way through to the successful completion of each project that you undertake. Whether all your projects involve similar work packages, or they vary considerably, you will be able to quickly create detailed estimates and monitor actual spending against your forecasts with our intuitive cost management software.
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Key Features
Fully Customisable
Formulas and aggregated fields can be inserted into each form, allowing you to compare, analyse and control costs for individual work packages within projects with ease.
Accurate Cost Variance Tracking
The customisation features of the Commercial Form enable you to monitor cost variances at both the project and individual work packages with a high degree of accuracy. As each new cost is entered, you will be able to see immediately how it compares to your estimate. Cost overruns are highlighted as they occur, allowing you to address them before they get out of hand.
Efficient Cost Allocation
Our construction cost management software can be integrated with your existing operational and financial systems through custom APIs. This functionality allows you to allocate costs directly from orders raised in your ERP system, against individual items in your budget forecasts.
Advanced Reporting Functionality
WorkSavi includes a powerful reporting module, which can be used to create detailed reports comparing live cost updates against estimates, for both individual packages, overall project budgets and across your portfolio in its entirety for the financial year. With the ability to generate reports at any stage of a project, stakeholders and project managers can be easily kept in the loop at all times. They will have the capability to see how each costed item on every project is performing on a week-by-week basis and where to focus attention as forecasts shift up and down. When stakeholders and managers are fully engaged, you will be able to optimise your team, project and business performance.
Monitor Multiple Projects Simultaneously
Whether you are managing Capital Projects across your property portfolio or multiple projects across your business functions, the WorkSavi dashboards can be configured to monitor all activity, or only projects that meet specific criteria. You can, for example, choose to focus on projects that have already exceeded cost forecasts or on projects where current forecasts indicate the possibility of a budget overrun occurring in the future. Whatever the extent of your activities, WorkSavi will provide your capital program management teams with the information they need to operate at a higher level of efficiency and deliver stakeholder value.
