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Phoebus Cost Management bridges the gap between corporate accounting and project planning. It provides budget, forecast, commitment and expenditure control for projects of any scale in any sector and can be used on a single project or in a portfolio management (multi-project) scenario, to report across projects.
Phoebus Cost Management was designed to be used by all members of the project team who need to manage, analyse and report on project cost performance. This can include directors, project and program managers and cost engineers, project services managers, engineers, cost account .
The reported costs will address:
In this way, progress measured in different ways, can be assessed using the common denominator of money, and consolidated for reporting purposes.
The Project Controller shall also be required to report the percentage physical completion of each phase of: