- Budget Estimation
Techniques: Use of parametric analysis and comparative analysis for accurate cost estimates.
Modeling Tools: Application of software such as SAP, Oracle Primavera Cost Management, and Excel for cost simulation and forecast management.
Case Studies: A 10% reduction in forecasted costs in an industrial renovation project through better estimation of materials and necessary resources.
- Expense Monitoring and Management
Systems: Implementation of real-time cost tracking systems with automatic alerts for any budget overruns.
Optimization Techniques: Introduction of Earned Value Management (EVM) methods to assess cost and schedule performance.
Practical Examples: Monitoring costs for an electrical equipment installation project, with adjustments made along the way to prevent a 20% budget overrun.
- Financial Reporting
Frequency and Format: Creation of weekly, monthly, and quarterly financial reports tailored to the needs of different management levels.
Financial Indicators: Monitoring indicators such as Cash Flow, Internal Rate of Return (IRR), and Gross Margin for informed decision-making.
Real Case: Presentation of detailed financial reports for a power plant construction project, contributing to better stakeholder management.