4castplus 3i – November 4th, 2014
In this release there are significant new features and enhancements in Change Management that include the ability to create Budget Transfers, Change Forecasts, and specify a funding source – which includes a drawdown from Contingency. An additional exciting new feature is the new Custom Report Builder for user-templated reports. That’s just a few highlights, so read on and discover all what’s new in this release. Be sure to click on the screenshots to get a quick-view on how to get started.
AREA: Change Management
Change Type has been added to the Change Management form to enable you to create three types of changes:
- Change Order – For Scope Changes. (Previously available).
- New: Change Forecasts – For Change Trends
- New: Budget Transfer – For moving budget between workpackages with a net-zero change to the project budget
Funding Source has also been added so that users can specify where the funds are being derived for the change.
New: Change Forecast
As you’ll see further below, there is a new Forecast schedule for workpackages and the project. This forecast schedule is what is used for the trend line on change forecast timeline reports.
New: Budget Transfer
New: Submit For Approval
New: Funding Source and Contingency Drawdowns
Additionally, users can specify “Contingency” as the funding source for a change order. This enables users to utilize the built-in contingency management features in 4castplus to manage the contingency reserve. By selecting contingency as the funding source will cause a Contingency Drawdown; and is subject to financial controls and approval. Contingency drawdowns are reported uniquely in the Reports area. Included in the report is a Burndown Chart that shows the full history of contingency usage.
New: Attach Documents to Changes
New: Baseline, Current and Forecast Schedule
- Baseline Schedule. The baseline start / end date and duration are locked after baseline and used in the baseline charts & schedule reports
- Current Schedule. The current represents any changes to the schedule for any workpackage on the project. The current represents the state at any point in the project’s lifecycle. At baseline, the baseline schedule will be copied forward to the current.
- Forecast Schedule. The forecast represents any anticipated schedule trends. This will be aligned with any Change Forecasts (trends) created in change management, and utilized on the Forecast timeline chart.
New: Custom Report Builder
This release is the first of many releases for this feature. The 4castplus product roadmap includes adding many new features and datasets to this component. We encourage you to provide us with your feedback and requests for this component.
The images to the right will give you a quick-start to how to access and start using the report builder.
To get started, go to the reports tab in projects and select the Custom Reports button. To create a new report, click on new and select the Category and Component for your report. Bear in mind, there are two datasets included in this release; there will be many more to come!
A report “Template” is simply an Excel file with embedded 4castplus codes to identify which data fields go where. You can generate a customized template by clicking on Generate Template and pick the fields you want to included in the report. You can also select one of the sample templates we’ve provided for you to help get started using this powerful tool.
New: Forecast Spend Report By Task
Area: Project Management
Title has now been added to the Request for Quote and Purchase Order Forms.
There’s More of Course
As with any release, we continue to add Usability Enhancements and Bug Fixes as requested by clients and discovered by us. We’re committed to providing vital enterprise tools to make the management of engineering and construction projects easy and rich with powerful features.
To learn more about this software upgrade and more, please feel free to email us at email@example.com or sign up for a free live demo of 4castplus.