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Estimating with EcoSys

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Solution Sheet Produce Accurate Estimates and Deliver Project Success Producing accurate estimates is critical to the success of projects, and helps ensure they deliver expected business benefits. From early stage estimates that support project selection, to detailed estimates that are used as the basis of project bids and budgets, good estimating is facilitated by efficient access to reliable data. With most project controls solutions, you need to integrate with external data sources in order to develop estimates, increasing both the time it takes to develop estimates and the likelihood of errors. But EcoSys provides an all-in-one solution with direct access to estimating at every stage of the project lifecycle. Use EcoSys to create conceptual, feasibility, detailed construction and services based estimates using built-in capability. This includes industry standard and custom templates, enterprise and project specific rate tables, top down and bottom up adjustments, workflow driven approvals and data automation. Completing the Project Controls Puzzle EcoSys' out-of-the-box capability supports all standard estimating functionality within the same solution used to manage project cost, changes and performance: Core Capability: Create estimates using labor, material and equipment resources, resource teams, crew rates and unit rates. Flexible coding structures independent of other project structure such as Project Cost Breakdown Structure (CBS) and Schedule Work Breakdown Structures (WBS). Remove potential calculation and spreadsheet errors with in-built formulas and adjustment application. Create efficient estimate review and approval process using mobile and email enabled workflow approvals. Standards and Templates: Create estimates quickly and with confidence using pre-defined templates that include standard structures, estimate attributes, norms and resource rates. Apply standard estimate attributes, categories and cost classifications to support alternatives analysis and benchmarking. Resource and Rate Libraries: Create and manage enterprise and project rate tables. Create crews and unit price libraries or leverage industry price books such as RS Means. Estimating with EcoSys ™ Managing the Budget Lifecycle with Connected Estimating EcoSys Enterprise Project Performance software gives you the ability to manage the complete budget lifecycle from ideation to close out. Connect estimating to opportunity management, project stage gates, budgeting, change management, close out and benchmarking, all in one fully integrated solution.

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