Monitor cost management software
Updates for mpower

Software updates for mpower project cost management software

We are constantly looking at new ways in which we can improve our products in order to deliver the best possible solutions to our clients.

mpower project cost management software

Change Management - a new module

The change management module provides quantitative and qualitative ranking for all types of change within an organisation. It provides a central location for the registration, review and approval of change requests enabling effective management of the change process. mpower provides this enabling tool to drive significant business benefits through an effective change control process that can lead to improved systems.

For physical changes, within the oil and gas industry, economic calculations are combined with environmental and safety benefits so the most beneficial changes can be identified and progressed. In these and other industries, complex processes can be very sensitive to even small changes and proper management of change is critical to safety.

Cost Management

Cost management has always been one of mpower's major strengths. In the latest release of mpower the cost management and forecasting processes have expanded functionality.

Now when you enter cost estimates into the system you have the concept of an original estimate, revised estimate and forecast estimate. The original estimate is as expected (the values derived from your estimating process). The revised estimate is now linked to the mpower variations register and any approved variations which impact upon hours, costs or revenues are now shown in your revised estimates. The forecast estimates are derived in the same way however the forecast includes both approved and unapproved variations. You also have the choice as to whether these estimates remain static over the life cycle of the project or whether they are updated with actual values on an on-going basis.

Also new to the latest version of mpower is the concept of final forecasting. Forecasting of remaining hours, costs and revenues still come from the planning process where a plan with activities and resources are linked; alternatively the final forecast is a copy of the revised estimate if no such links are in place. This new final forecast is also editable allowing your cost engineers to override the computed values; given their knowledge of the current project work scopes.

See mpower's Cost Performance Management Dashboards

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Fast Facts

Monitor was founded in Aberdeen in 1987. Since then we’ve worked with clients all over the world, largely in the oil and gas industry.

Global Contacts

UK +44 1224 626622

USA +1 832 390 2484

CANADA +1 403 879 1698

AUSTRALIA +61 8 9278 2563

sales@monitor-mpower.com

training@monitor-mpower.com

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