ZONE ALLIANCE
Forecast costs together
Zone Alliance helps to share project cost data, enables all alliance parties to forecast together and provides accurate cost reporting to contracting parties.
Utilize Zone Alliance as
Contracting Party
Be aware of project cost status all the time
Understand the impact of different cost indexes (labor, raw materials, etc.).
Know how costs are divided between contracting parties.
Understand risks and opportunities of project.
Alliance Management Team
Know up to date target costs, actual costs and forecast.
Forecast costs together with contractors and engineering parties.
Provide trustworthy cost reporting to contracting parties.
Site Manager
Know up to date target costs, actual costs and forecast.
Utilized target and actual costs to plan work at site.
Participate in cost forecasting process.
SUCCESS STORY
Unified cost management service for the entire project
The alliance parties have visibility into the up-to-date cost information, including the final cost forecast.
Features
Manage Cost Data
Get together with all alliance parties and agree on the shared activity structure for project.
Create budget by importing target costs and quantities from your cost estimation software.
Bring actual costs from your accounting system to Zone Alliance on daily basis.
Define cost indexes to reflect labor and raw material cost changes. Report regularly cost index changes to contracting parties.
Define how actual costs are divided between contracting parties. Report regularly actual costs for each contracting party.
Define risks and opportunities of project and review them regularly. Change target costs, actual costs and cost forecast accordingly.
Forecast Costs Together
Begin by establishing a transparent forecasting process for all alliance parties. Define responsible person (e.g. site manager or site engineer) for each activity code. Agree on forecasting period interval with contracting parties.
Define schedule for each forecasting period:
When activity code level forecast is ready
When alliance management team meets site teams to review and approve forecast
When alliance management team reports new forecast to contracting parties
Cost Follow-up.
Up-to-date cost information helps site teams to compare project progress to actual costs and plan next phases accordingly. Transparent and trustworthy information guides site teams to make corrective actions on time.
Alliance management team can utilize cost history to understand cost deviations during each forecasting session.
Financial dashboards and possibility to export cost data to excel makes it easier to report project progress and cost status to contracting parties.