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Frequently Asked Questions
Company
AboutPROJECT CONTROLS SOFTWARE
Achieve Project
Certainty With 4castplus
- Eliminate Risk & Maximize Project Returns
Major industrial projects are tremendously complex and carry a great deal of financial risk. 4castplus offers a centralized platform for contractors and owners to apply robust project controls and gain deep project visibility. With real-time insights, seamless collaboration, and tools to eliminate silos and miscommunication, 4castplus empowers teams to apply best practices and deliver projects on time and on budget. Move beyond inefficient tools and grow your business with confidence.
Software built for project
controls professionals
Performance-driven
project planning & analysis
Budgeting
S-Curve Reporting
Budgeting
All budgets and hours are time-phased to the schedule in 4castplus. Enter your own time-phased algorithms at any level of the budget. Pick from front-load, rear-load, bell-curve, etc., for standard time-phasing, or design your own to reflect project spend forecast projections. You can time-phase each item by progress percent, cost or production quantity.
- Time-phased planning for cost, revenue, hours and progress
- View timeline charts: s-curve, spend forecast, production and resource curves
- Monitor budget vs. actual vs. EV vs. forecast in real-time
S-Curve Reporting
- Time-phased planning and reporting for cost, revenue, hours and progress
- View timeline charts: s-curves, spend forecasts production and resource curves
- Monitor budget vs. actual vs. EV vs. forecast in real-time
Measure and forecast
project performance
Management
Measurements
Management
4castplus calculates a wealth of earned value management metrics, which can be reported in real-time, as well as for historical measurement periods. 4castplus calculates unique EVM metrics for cost, revenue and labour hours to give a full perspective on project health.
- Evaluate timeline trends on key metrics such as CPI, SPI, ETC, EAC, PV, TCPI, and percent complete at all levels of the project
- Iterative progress measurements can be used to analyze trends
- Built-in EVM analytics, trends and reports
Measurements
Measuring project progress is critical for evaluating and forecasting project performance. 4castplus includes multiple methods for progress measurements, many of which can be configured to be automatically calculated by the system. By setting up regular, incremental progress periods, project controllers can standardize and align reporting to a period in time.
- Streamline the process of measuring progress while maintaining credibility and accuracy
- Utilize progress values for EVM and forecasting
- Leverage progress measurements for revenue recognition on fixed price projects
Standardization
for project certainty
Management
Management
Management
- Align 4castplus codes to your ERP accounting codes
- Align the CBS with the WBS
Management
Carefully managing the cost and schedule impact of change orders is critical for project controls. 4castplus delivers powerful tools to create, approve, track and monitor changes from any source – including internal changes, claims, rework, etc.
- Apply standards and due diligence on change orders
- Leverage powerful change order approvals
- Integrate with RFIs, purchase orders, schedule and budget
- Frequently Asked Questions
Project controls software provides a centralized platform for project controls professionals to plan, monitor and analyze project performance to ensure projects are completed on time and within budget. The software provides the tools, real-time data and reporting to quickly identify issues on budget, schedule, resources, changes and project risks to address those issues early and effectively.
4castplus provides a powerful progress measurement module that delivers sophisticated progress methods fit to accurately measure the percent complete of any project activity. Progress is then calculated up to all levels of the project – expressed as percent complete. Progress measurements can be ‘submitted’ on an incremental basis to take snapshots of the project at points in time – allowing for trend reporting.
Major projects often suffer from cost and schedule overruns due to a lack of real-time visibility into how well the project is performing against plan. 4castplus provides real-time cost tracking, time-phased budgeting, accurate progress measurements, and forecasting tools to help teams proactively identify issues early on to mitigate financial risk before issues escalate. Its powerful dashboards and analytics enable users to pinpoint areas that need attention and corrective action to keep projects on track.
Yes, 4castplus calculates planned value (PV) by providing tools to time phase the project budget. For each activity, project controls can create a cash flow plan that reflects the planned and forecasted spend over time. This plan can reflect known milestones, or follow a templated pattern such as front-loaded, bell curve, rear-loaded, linear, etc. Planned value is reported either graphically on a timeline curve, or at specific points in time, and can be compared against actual cost and earned value.
4castplus includes a wide range of metrics and analytical tools for analyzing the productivity and performance of projects. This includes EVM metrics such as CPI, SPI, CV, ETC, EAC, PV, EV and more. It also includes gross profit analysis, WIP reporting, budget versus actual, and cash flow curve reports such as S-Curve, spend forecast, and change analysis. Users can design their own dashboards and drilldown reports to perform both deep analysis as well as high-level overviews of project performance.
Yes, 4castplus includes powerful EVM calculations, reporting and analysis. Users can take advantage of built-in tools for time-phased budgeting, real-time cost tracking, and measuring progress to provide the core data elements for auto-calculating a range of EVM metrics. It also includes many single-click reports for generating reports and charts such as S-Curve, forecast spend, cash flow and more.
Additional key features
User-customizable
dashboard charts & reports
Multiple automated
progress methods
Revenue controls
for profitability
Cash flow
forecasts
Productivity
reporting
Subcontractor performance
management
User-customizable dashboard charts and reports
Multiple automated progress methods
Revenue controls for profitability
Cash flow
forecasts
Productivity reporting
Subcontractor performance management
Global Leader in Project
Controls Software
Since 2009, 4castplus has been recognized around the world as a leading provider of project controls solutions to owners and contractors in multiple industry verticals. Our easy-to-use software provides an intuitive approach to the practice of careful governance of budget and schedule on major and mega projects. Our experienced and responsive team provides our customers with a close and personal level of support and expertise to ensure you achieve your objectives of standardization, leading practices and project certainty. Above all, with 4castplus, our customers have the full power of project planning, execution, and breadth of key real-time information at their fingertips.