Real-Time Project Tracking for Mega-projects for a Leading EPC Company
Real-Time Project Tracking for Mega-projects for a Leading EPC Company
Centralized Dashboard for Multi-Site Project Management
A top EPC company managing complex, multi-site projects struggled to track and control CAPEX and OPEX across its operations. They needed a real-time solution to monitor project spending against budget and prevent cost overruns.
Our team developed a centralized dashboard solution, aggregating cost data from all sites to offer transparent tracking and control over financial performance.
Real-Time Cost Control Solution for Multi-Site Project Management: Transforming CAPEX and OPEX Tracking for a Leading EPC Company
We implemented a comprehensive
financial tracking dashboard
that captured real-time CAPEX and OPEX data, along with other key metrics, across departments:
- Finance and Cost Control : Real-time monitoring of CAPEX and OPEX variances, with alerts for budget deviations.
- Procurement: Cost tracking for material acquisition, vendor performance, and delivery timelines to optimize spending.
- Construction Management: Resource usage tracking to ensure actual on-site spending aligned with forecasts.
- Project Management Office (PMO): Continuous comparison of project milestones and spending projections.
With the new tracking solution, the EPC company achieved:
- 12% reduction in CAPEX through precise, real-time cost visibility and proactive budget adjustments.
- 15% lower OPEX by improving efficiency in procurement and resource allocation.
- Enhanced financial control through immediate access to spending insights and variance analysis, helping project teams make timely adjustments.
Our dashboard empowered the EPC company with real-time insights into CAPEX and OPEX, enabling better budget adherence and significant cost savings. This tailored solution streamlined financial tracking, turning cost control into a proactive, data-driven process that helped ensure project efficiency and profitability.
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