SlideShare a Scribd company logo
1 of 2
Download to read offline
Benefits of a Project Management Control System (PMCS) 
Page 1 of 2 
 
The first order of business when evaluating a PMCS is to develop your return on our investment (ROI).  
This critical undertaking will not only provide you with a general budget for your PMCS, but will also help 
prioritize the wants and needs of the system.  The ROI is summarized below and resulted in a net savings 
to the company of over $400,000 per year. 
1. Consistency: because of the fundamental uniformity and database functionality within a PMCS, 
essential project information is entered faster, more consistently and produces a more reliable 
product.  Increasing the speed project information is gathered, reducing repetitive data entry 
and eliminating duplication of information.   
2. Best practices: you can embed your company’s best practices (e.g. procurement, scope, quality, 
safety, etc.) into the structured documentation aspects of a PMCS resulting in a more purposeful 
system. 
3. Control:  with the appropriate reports, you can augment the capabilities of your senior 
management resources by reviewing crucial project metrics.  This will provide improve 
forecasting capabilities, earlier decision making and improved course correction.  
4. Risk management: one aspect of risk management is claims avoidance.  Consistent and 
complete project recordkeeping is the solution to successfully asserting and/or defending a 
claim.  The principal feature of a PMCS is meaningful documentation.  The more documentation 
available, the better our reduction in risk.  Given the above, you will reduce risk on all projects 
utilizing the PMCS.    
5. Warranty: when called back to address “re‐work” issues, the ability to obtain specific 
information from a project that was managed within a PMCS reduces research time and effort 
with the added benefit of increased accuracy and detail. 
6. Convenience: detailed project information is available anywhere, anytime.  You will have access 
to most aspects of a project’s information.  In addition, a PMCS will allow you to collect the 
majority of project data in ONE location vs. hard copy correspondence, shop drawings, e‐mail 
etc. scattered in variety different locations.  
7. Flexibility: you will find it much easier to move personnel (e.g. project managers, assistant 
project managers, interns, etc.) between Markets if you are corporately utilizing the same 
PMCS.  No longer will capable personnel have “down time” learning a new set of systems (e.g. ‐ 
submittal logs, RFI logs, change order logs, etc.) to be productive. 
8. Reengineering: there is a possibility to re‐visit work assignments and consider some degree of 
reappointment of tasks.  A higher degree of efficiency from the PMCS standardization.  
Opportunities for load leveling between Project Administrators, Assistant Project Managers and 
Project Managers will become apparent.  A move to knowledge management vs. task 
management.   
Benefits of a Project Management Control System (PMCS) 
Page 2 of 2 
 
9. Indoctrination: a standardized PMCS makes the process of indoctrinating newly hired or 
promoted project managers (as well as interns, assistant project managers, etc.) easier and 
more effective. 
10. Disaster Recovery: with a PMCS, the majority of operational information will be encrypted and 
housed at a secure remote location, accessible to our users, regardless of your current situation.  
11. Surety/Risk Mgmt: understand that contractors’ who utilize a PMCS receive a higher rating from 
many sureties.  They consider use of a PMCS a “best practice.”  
12. Electronic documentation: a plan to move toward paperless projects lowers filing costs and 
reduces long term storage needs.  Both cost and convenience savings from internal and external 
distribution, filing and archiving.  Utilizing electronic capabilities of faxes and e‐mail capabilities 
will reduce postage costs.  Electronic storage reduces costs associated with paper supplies, files, 
filing (and associated materials), copier, etc. 
13. Marketing/Differentiation‐ a PMCS can provide us with a higher degree of competency and 
professionalism.  In turn, this may open a few doors or provide us with a competitive advantage 
in certain markets and situations.    
 

More Related Content

What's hot

8 moves to becoming an agile internal audit
8 moves to becoming an agile internal audit8 moves to becoming an agile internal audit
8 moves to becoming an agile internal auditSALIH AHMED ISLAM
 
5 steps for better risk assessment
5 steps for better risk assessment5 steps for better risk assessment
5 steps for better risk assessmentDrMohammedFarid
 
Internal audit RBIA and Lifecyle approach
Internal audit RBIA and Lifecyle approachInternal audit RBIA and Lifecyle approach
Internal audit RBIA and Lifecyle approachsubbusai82
 
Compliance Management Software | Corporate Compliance
Compliance Management Software | Corporate ComplianceCompliance Management Software | Corporate Compliance
Compliance Management Software | Corporate ComplianceCorporater
 
Business continuity management system
Business continuity management systemBusiness continuity management system
Business continuity management systemsubbusai82
 
Information system control and audit
Information system control and auditInformation system control and audit
Information system control and auditAstri Stiawaty
 
ClockworkISMS
ClockworkISMSClockworkISMS
ClockworkISMSDelaney
 
Life of the software - SDLC
Life of the software - SDLCLife of the software - SDLC
Life of the software - SDLCBharath Rao
 
Altran Financial Services
Altran Financial ServicesAltran Financial Services
Altran Financial Servicesianthm
 
Ais Romney 2006 Slides 06 Control And Ais Part 1
Ais Romney 2006 Slides 06 Control And Ais Part 1Ais Romney 2006 Slides 06 Control And Ais Part 1
Ais Romney 2006 Slides 06 Control And Ais Part 1Sharing Slides Training
 
Control and audit of information System (hendri eka saputra)
Control and audit of information System (hendri eka saputra)Control and audit of information System (hendri eka saputra)
Control and audit of information System (hendri eka saputra)Hendri Eka Saputra
 
Principles of Managment
Principles of ManagmentPrinciples of Managment
Principles of ManagmentAditi Sharma
 
Data analytics and audit coverage guide
Data analytics and audit coverage guideData analytics and audit coverage guide
Data analytics and audit coverage guideCenapSerdarolu
 
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’s
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’sBest-in-Class Crisis Preparation: Maximize Readiness with the Four T’s
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’sMissionMode
 
Raam risk analysis assessment and management
Raam risk analysis assessment and managementRaam risk analysis assessment and management
Raam risk analysis assessment and managementTerry Penney
 

What's hot (20)

8 moves to becoming an agile internal audit
8 moves to becoming an agile internal audit8 moves to becoming an agile internal audit
8 moves to becoming an agile internal audit
 
5 steps for better risk assessment
5 steps for better risk assessment5 steps for better risk assessment
5 steps for better risk assessment
 
QA automation
QA automationQA automation
QA automation
 
Internal audit RBIA and Lifecyle approach
Internal audit RBIA and Lifecyle approachInternal audit RBIA and Lifecyle approach
Internal audit RBIA and Lifecyle approach
 
Auditing
AuditingAuditing
Auditing
 
Grc and is audit
Grc and is auditGrc and is audit
Grc and is audit
 
Compliance Management Software | Corporate Compliance
Compliance Management Software | Corporate ComplianceCompliance Management Software | Corporate Compliance
Compliance Management Software | Corporate Compliance
 
Business continuity management system
Business continuity management systemBusiness continuity management system
Business continuity management system
 
ARC 4.1 Flyer
ARC 4.1 FlyerARC 4.1 Flyer
ARC 4.1 Flyer
 
Information system control and audit
Information system control and auditInformation system control and audit
Information system control and audit
 
ClockworkISMS
ClockworkISMSClockworkISMS
ClockworkISMS
 
Life of the software - SDLC
Life of the software - SDLCLife of the software - SDLC
Life of the software - SDLC
 
Altran Financial Services
Altran Financial ServicesAltran Financial Services
Altran Financial Services
 
Ais Romney 2006 Slides 06 Control And Ais Part 1
Ais Romney 2006 Slides 06 Control And Ais Part 1Ais Romney 2006 Slides 06 Control And Ais Part 1
Ais Romney 2006 Slides 06 Control And Ais Part 1
 
Control and audit of information System (hendri eka saputra)
Control and audit of information System (hendri eka saputra)Control and audit of information System (hendri eka saputra)
Control and audit of information System (hendri eka saputra)
 
Principles of Managment
Principles of ManagmentPrinciples of Managment
Principles of Managment
 
Data analytics and audit coverage guide
Data analytics and audit coverage guideData analytics and audit coverage guide
Data analytics and audit coverage guide
 
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’s
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’sBest-in-Class Crisis Preparation: Maximize Readiness with the Four T’s
Best-in-Class Crisis Preparation: Maximize Readiness with the Four T’s
 
Raam risk analysis assessment and management
Raam risk analysis assessment and managementRaam risk analysis assessment and management
Raam risk analysis assessment and management
 
Internal controls in an IT environment
Internal controls in an IT environment Internal controls in an IT environment
Internal controls in an IT environment
 

Similar to Benefits of a Project Management Control System

Supply chain in Pakistan
Supply chain in PakistanSupply chain in Pakistan
Supply chain in PakistanMuneeb Ahmed
 
Sample audit plan
Sample audit planSample audit plan
Sample audit planMaher Manan
 
Control Standards for Information Security
Control Standards for Information SecurityControl Standards for Information Security
Control Standards for Information SecurityJohnHPazEMCPMPITIL5G
 
ERP - Enterprise Resource Planning.pdf
ERP - Enterprise Resource Planning.pdfERP - Enterprise Resource Planning.pdf
ERP - Enterprise Resource Planning.pdfgayatrimohite2
 
Health Informatics- Module 4-Chapter 1.pptx
Health Informatics- Module 4-Chapter 1.pptxHealth Informatics- Module 4-Chapter 1.pptx
Health Informatics- Module 4-Chapter 1.pptxArti Parab Academics
 
Fixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixNix Inc.,
 
Project Management Overview
Project Management OverviewProject Management Overview
Project Management OverviewRockon0017i5
 
Performance management-ppt-generosa-jessica-charie-b.
Performance management-ppt-generosa-jessica-charie-b.Performance management-ppt-generosa-jessica-charie-b.
Performance management-ppt-generosa-jessica-charie-b.Alo Lacsamana
 
Asset Management Proposal
Asset Management ProposalAsset Management Proposal
Asset Management ProposalLyle Villarta
 
Landing Page and Case Management
Landing Page and Case ManagementLanding Page and Case Management
Landing Page and Case ManagementIRJET Journal
 
Modernizing Your Finance Team With Technology
Modernizing Your Finance Team With TechnologyModernizing Your Finance Team With Technology
Modernizing Your Finance Team With TechnologyWorkiva
 

Similar to Benefits of a Project Management Control System (20)

Profile_Kishore Sundar
Profile_Kishore SundarProfile_Kishore Sundar
Profile_Kishore Sundar
 
Supply chain in Pakistan
Supply chain in PakistanSupply chain in Pakistan
Supply chain in Pakistan
 
Sample audit plan
Sample audit planSample audit plan
Sample audit plan
 
SOC for Cybersecurity Overview
SOC for Cybersecurity OverviewSOC for Cybersecurity Overview
SOC for Cybersecurity Overview
 
Control Standards for Information Security
Control Standards for Information SecurityControl Standards for Information Security
Control Standards for Information Security
 
ERP - Enterprise Resource Planning.pdf
ERP - Enterprise Resource Planning.pdfERP - Enterprise Resource Planning.pdf
ERP - Enterprise Resource Planning.pdf
 
Pm chapter 6...
Pm chapter 6...Pm chapter 6...
Pm chapter 6...
 
Data Governance
Data GovernanceData Governance
Data Governance
 
Pm chapter 6
Pm chapter 6Pm chapter 6
Pm chapter 6
 
Pm chapter 6
Pm chapter 6Pm chapter 6
Pm chapter 6
 
GRC tools
GRC toolsGRC tools
GRC tools
 
Health Informatics- Module 4-Chapter 1.pptx
Health Informatics- Module 4-Chapter 1.pptxHealth Informatics- Module 4-Chapter 1.pptx
Health Informatics- Module 4-Chapter 1.pptx
 
Fixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixnix GRC Suite A Glance
Fixnix GRC Suite A Glance
 
Project Management Overview
Project Management OverviewProject Management Overview
Project Management Overview
 
Performance management-ppt-generosa-jessica-charie-b.
Performance management-ppt-generosa-jessica-charie-b.Performance management-ppt-generosa-jessica-charie-b.
Performance management-ppt-generosa-jessica-charie-b.
 
Presentation1.pptx
Presentation1.pptxPresentation1.pptx
Presentation1.pptx
 
Asset Management Proposal
Asset Management ProposalAsset Management Proposal
Asset Management Proposal
 
Landing Page and Case Management
Landing Page and Case ManagementLanding Page and Case Management
Landing Page and Case Management
 
Modernizing Your Finance Team With Technology
Modernizing Your Finance Team With TechnologyModernizing Your Finance Team With Technology
Modernizing Your Finance Team With Technology
 
James hall ch 15
James hall ch 15James hall ch 15
James hall ch 15
 

Benefits of a Project Management Control System