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Great Budget Software supplies an off the shelf CRIMS software package to create accurate budgets that incorporate and monitor risky unknowns in the budget plan. CRIMS is the most accurate method for costs estimation and project management
Benefits of Great Budget CRIMS with Risk Identification
· Full budgeting capabilities with automatic maintenance of formulas
· User definitions and fringe expenses for easy budget maintenance
· Wizard for quick budget creation
· Reports on risk identification, cost ranges and projections
· Identify and set level of risk and uncertainty at the source
· Calculate the estimated cost due to uncertainty
Great Budget is a three dimensional budget, like a:
· Project plan - export the budget structure and data into the project plan.
· Chart of accounts - import a chart of account structure for financial consistency.
Great Budget makes it easy to quickly create accurate budgets by offering these features:
· Distributable models - easy to obtain multiple inputs from vendors, contractors and line managers.
· Self maintaining formulas - no need to check validity of formulas
· Identify uncertainty - in the budget with one click
· Use descriptive words - in addition to numbers use words for easy reading
· Perform scenario evaluation - add and rearrange resources to areas of uncertainty, to evaluate how early resource allocation impacts cost overrun
· View the probably total cost - the project budget can fluctuate widely according to the uncertainty levels injected into the budget
· Create reusable components - to standardize on reoccurring costs sub budget items can be defined and reused
Incorporating risk offers these added benefits:
· Use risk to reprioritize resources and monitor activities
· Identify areas of weakness and plan early a strategy to overcome the risk
· Evaluate projects based on risk versus reward
· Use risk as a parameter to evaluate the capability and accuracy of proposal |
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NEWS
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