Posts Tagged ‘Microsoft Project’
by PCM Guru on December 4th, 2009
Scottsdale, AZ – December 4, 2009 – Hard Dollar Corporation, the leader in Project Cost Management today announced the release of Advanced Progress Tracking, adding instant visibility into progress and performance on planned activities, with side-by-side comparisons of the most critical factors that affect project success. Advanced Progress Tracking measures progress while increasing visibility to owners and contractors, increasing profits by 9% on average on every project, with real-time cost and productivity status and direct integration into finance.
Existing HD users can leverage the system to view side-by-side estimate vs. progress comparisons with direct integration to accounting, without adding additional systems or infrastructure. “Users can proactively correct potential productivity issues with transparent visibility into production trends, truly managing the project,” states Ron Babich, Hard Dollar VP of Sales and Marketing. “Accounting integration enables man hours, equipment hours, and quantities to be imported into accounting software for payroll, without duplicating entry. Owners and Construction Managers can now receive accurate information faster, satisfying regulatory and contractual requirements,” said Babich.
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Tags: 5d bim, Earned Value Reporting, Estimating Software, Microsoft Project, Primavera, progress tracking, Project Cost Management, Scheduling Software
Posted in Industry Best Practices | No Comments »
by PCM Guru on November 9th, 2009
Scottsdale, AZ – November 9, 2009 – Hard Dollar Corporation, the leader in Project Cost Management systems delivering Increased Cost and Productivity Visibility, announced a partnership with Verano, the largest Oracle Primavera representative in South America. Both Hard Dollar and Verano are industry leaders in Construction and Engineering with clients in Mining and Oil and Gas, making this an ideal partnership.
“Partnering with Hard Dollar will provide a new integrated solution for managing projects in the South American market. The integration with Primavera will help provide clients the tools needed to save money and resources while giving them confidence in managing projects,” states Jorge Rossini, Commercial Director of Verano.
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Tags: 5d bim, Earned Value Reporting, Microsoft Project, Mining, Oil & Gas, Oracle, Primavera, Project Cost Management, Verano
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by PCM Guru on November 4th, 2009
Scottsdale, AZ – October 16, 2009 – Hard Dollar Corporation, the leader in Project Cost Management systems delivering Increased Cost and Productivity Visibility announced a partnership with Catalyst, the largest Oracle Primavera representative in the United States serving the engineering and construction industry. Catalyst has a nationwide team of Primavera experts serving the market for more than 15 years. Teaming with Hard Dollar is a natural extension of Catalyst’s core competency and brings strong value to the traditional Primavera customer.
“This partnership gives us the ability to serve our clients by making it easier to connect project information resulting in simplified management of complex construction and capital projects, increased return on investment and more predictable project results,” states Paul Heidkamp, Executive Director of Sales.
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Tags: Catalyst, Earned Value Reporting, Estimating Software, Microsoft Project, Oracle, Primavera, Project Cost Management, Scheduling Software
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by PCM Guru on August 25th, 2009
Integrating synchronized costs, resources, productivity and schedules.
Scottsdale, AZ – August 25, 2009 – Hard Dollar is pleased to announce the presentation of an educational track on “The Advantages of 5D-BIM” at the upcoming 5th annual Microsoft Project Conference being held September 14-17, 2009 at the Phoenix Convention Center in Phoenix, AZ.
Hard Dollar Corporation, a Microsoft Gold Partner, is the only Project Cost Management system that provides dynamic integration between detailed historical costing, estimating, productivity, and actual progress reporting capabilities into the industry leading scheduling system Project™ from Microsoft™.
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Tags: 5d bim, Estimating Software, Microsoft Project, Oracle Primavera, Project Cost Management
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by PCM Guru on May 12th, 2009
One of the biggest challenges to implementing earned value as a project management system is creating cost-loaded schedules. Time and time again we hear that creating the initial cost-loaded schedule is not too painful, but most engineering and construction projects are continually barraged with changes, making it extremely cumbersome to keep estimates and schedules in-sync as things change. Further, in many companies, estimating software and scheduling software are entirely separate disciplines, each of which may have a different perspective of the project. Earned value forces tighter interaction between these two disciplines, which is ultimately good for both the owner and the contractor. Many of the key elements of earned value require the integration of cost and schedule, including:
- Budgeted Cost of Work Scheduled (BCWS)
This value shows how much money should have been spent to accomplish the work performed on a project to date. This is the essence of earned value, as it reflects the value of the project put in place to date.
- Estimate At Completion (EAC)
This value shows the current forecasted cost at completion, based on the cost to date and the work remaining. When graphed over time, this value shows the owner of the project the expected spend level, which can be matched to budget levels to ensure adequate funding is available for the project.
Many estimating and scheduling software packages are adding features to address earned value, but currently HD estimating software is the only application that can dynamically link cost estimates to Microsoft Project and Primavera schedules. This live, two-way integration between cost and schedule can reduce the time and effort spent on earned value calculations by 50% to 90%.
Tags: Earned Value Management, Estimating Software, Microsoft Project, Primavera, Project Management, Scheduling Software
Posted in Project Estimating, Project Scheduling | No Comments »
by PCM Guru on April 21st, 2009
Hard Dollar Introduces 5D-BIM Server Uniting Design, Resources, Cost, Schedule and Project Control to Deliver Centralized Project Management and Connectivity
April 21, 2009 – Scottsdale, AZ – Hard Dollar Corporation, the industry innovator of Project Cost Management, today announced the industries first 5D-BIM Server (Building Information Modeling) providing dynamic “Oneness” integration between CAD designs, estimating, scheduling, project controls, and accounting; fulfilling the industry’s vision of elevating BIM to the 5D level. According to McGraw-Hill Construction’s SmartMarket Report on BIM, “Contractors reported achieving up to a 1,000% ROI using BIM” and should experience even greater returns once 4D and 5D capabilities become available.
BIM represents an evolution from traditional 2D CAD design to a dynamic 3D model built around a database of a project’s physical and functional characteristics. To date the advantage of using BIM in building projects has been for visualization and clash detection. Hard Dollar’s latest 5D-BIM Server delivers 4D (scheduling) and 5D (cost) capabilities simply and automatically to drive rapid adoption by Contractors, Construction Managers and Owners.
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Tags: 5D-BIM Server, CAD Design, Earned Value Reporting, Estimating Software, Microsoft Project, Primavera, Project Cost Management, Scheduling Integration
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by PCM Guru on April 14th, 2009
Equal Higher Profits And A Competitive Advantage
A+B bids, which continue to gain popularity for public works projects, are forcing contractors to re-think their estimating and bidding methodologies. In A+B bids, the contractor submits both a price (the “A” portion) and a duration (the “B” portion) as part of the bid package. The state or other government agency financing the project establishes a daily cost associated with the job, and multiplies that daily cost by the duration bid by each contractor. The contractor with the best combination of cost and duration – A+B – is awarded the work.
Because A+B bids typically include significant penalties for completing the project late, as well as bonuses for early completion, contractors must be able to effectively analyze the correlation between a project’s cost and its schedule. Even more important, contractors that can easily perform “what if?” analysis across both the estimate and the schedule have a unique advantage when it comes to A+B bids. A+B bids are driving contractors to re-evaluate the importance of scheduling during the estimating process. Hard Dollar’s dynamic, ‘oneness’ integration with Microsoft Project and Primavera gives our customers a highly compelling advantage when it comes to optimizing a project’s cost and schedule using different resource and productivity scenarios, crew sizes, shift arrangements, and more. Adding the schedule element gives sophisticated contractors an additional criteria on which to compete for business, so it’s not just low bid gets the job.
Click here to learn more about HD estimating software.
Tags: A Plus B Bids, Estimating Software, Microsoft Project, Primavera, Project Estimating
Posted in Project Estimating, Project Scheduling | 1 Comment »
by PCM Guru on February 5th, 2009
Hard Dollar Releases Wireless Hand Held Software for Microsoft CE and Other Hand Held Devices
February 5, 2009, Scottsdale, AZ – Hard Dollar today announced the release of its Field Data Collection software for use on Microsoft CE platform devices, smart phones and other wireless hand held devices. The new mobile wireless software enables field based employees for contractors to rapidly and easily collect time sheet information, expenses, equipment usage, project notes, material usage and productivity data and instantly update the corporate Project Cost Management.
Rob Trulson, president of T&T Construction in Fountain Hills Arizona stated “the remote data entry capabilities has saved us thousands of dollars in fuel costs, employee time and dramatically improved our cash flow and project profitability. Having job specific data daily, almost in real-time, has improved our per project profitability by more than 15% and invoice to cash collections have improved by half. Plus we were able to free up administrative staff because the field data flows directly from Hard Dollar into our Timberline accounting system which eliminated the entire data entry process. Customers have responded very positively to our ability to provide daily reporting and updates on job progress and earned value reporting.”
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Tags: Earned Value Reporting, Microsoft Project, Primavera, Project Cost Management
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by PCM Guru on January 27th, 2009
Scottsdale, Ariz. – January 27, 2009 – Hard Dollar Corporation, the industry leader in project cost management for capital planning and construction projects, today announced its solution has been selected by the global manufacturer Kohler Co. Kohler is a global leader in the manufacture of kitchen and bath products, engines and power generation systems, and upscale interiors.
“The Hard Dollar solution is focused on providing a complete suite of project cost management solutions that enable project teams to more accurately estimate, plan and execute on maintenance and capital construction projects. Our software has proven to eliminate extensive time and cost spent modeling and performing “what if?” analysis, reducing administrative expenses, mitigating risks and improving project delivery for owners,” said Alistair Clague, President, Hard Dollar. “We are pleased that another of the world’s leading companies has selected Hard Dollar as a key partner to help them deliver projects successfully.”
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Tags: Construction Projects, Estimating Software, Kohler, Microsoft Project, Primavera, Project Cost Management
Posted in Press Releases | No Comments »
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