The project controls discipline encompasses the people, processes and tools that manage and mitigate cost and schedule risks on projects. The traditional approach is based on Excel spreadsheets, requiring analysts to gather, manipulate and report on complex data manually. The other approach is to use purpose-built project controls software.
The key benefits of using custom software are timeliness and trustworthiness. Information in a well-implemented system is near-live, meaning a lower chance of incomplete or out-of-date data. This means you can make better decisions because the information is more recent. It is also much more reliable because it’s based on defined rules rather than people’s judgement.
While a purpose-built system requires careful up-front planning and implementation, the benefits of such a system significantly outweigh its initial costs. Vista provides a project controls system that is flexible and agile yet still rigorous, standardized and auditable.