Introduction to Aconex Connected Cost

What is Aconex Connected Cost?

The Cost Management module provides a comprehensive set of tools for:

• Managing budgets
• Managing contracts
• Managing financial change
• Monitoring and reporting on progress
• Calculating forecasts
• Analyzing performance
• Reporting

Cost has four primary components:

• Cost Management – Manage budgets, schedule activities, actuals, commitments, contracts, and changes. Calculate forecasts and analyze project performance.
• Cost Activity Stream – A real-time interactive audit log that displays user actions for all projects in your portfolio. Filter and drill-down on actions to view details in the context of the project.
• Cost Reports – Access project and Organization reports and create customized tabular and graphical reports using the Cost Report Builder.
• Administration – Access administrative functions such as creating users and security profiles, establishing Organization and project definitions such as reporting periods, calendars, and control element categories
   

Benefits of Aconex Connected Cost

• Secure Access – Allow users to only access the features and project data they are responsible for using the highly customizable security module.
• Cloud-based Solution – Receive new features and functionality without interrupting your project workflow.
• Project-centric – Create projects and summarize multiple projects for organization-wide reporting.
• Organization Definitions – Develop definitions and standards for all projects in the organization. Projects using organization definitions can be combined for organization reporting.
• Flexible Coding Structure – Use your own coding structure for flexibility in project reporting.
• Earned Value Performance Measurement – Progress and variance analysis using industry-standard calculation methods. 
• Configurable Data and Calculations – Incorporate additional data and customized calculations into the application to suit your business and project requirements.
• Sophisticated Reports – Quickly create and generate custom reports using various options; save these report specifications and use them as a template for additional reports.
• Activity Stream – Stay informed of your project activity in a single location by viewing the events, actions, and flow of data performed on a project in a single location.
• Data Import/Export – Import and export data in a Microsoft Excel format.
• Integrate with Other Applications – Synchronize Cost with other applications, such as Primavera P6, Oracle Primavera Cloud, and ERP financial systems.