No other cost management tool met our needs like EcoSys EPC. We’re getting a mature and sophisticated project controls platform, yet the software is very easy to use.
Rye Brook, NY (PRWEB) December 20, 2011
EcoSys, a leader in planning and cost controls software, announced that its web-based project cost management solution, EcoSys EPC (Enterprise Planning & Controls), has been chosen by Constellation Energy Nuclear Group (CENG), one of the nation’s leading nuclear power plant owners and operators, as its project cost management and project controls reporting software solution. EcoSys EPC will be implemented to support CENG’s ongoing efforts to safely improve production across its fleet nuclear power stations in Maryland and New York. CENG’s company headquarters are based in Baltimore, MD.
With web-based spreadsheets, built-in dashboards, and automated reporting, EcoSys EPC will deliver an integrated view of project costs and overall program performance. EcoSys EPC will be used for directing cost management processes for both capital projects and operations & maintenance (O&M) including forecasting, funding approvals, change management, purchase order management, reconciliation of actuals, and earned value management. Through EPC, CENG will be able to better manage project costs and schedules with a suite of reports spanning project performance, cash flows, forecast variances, and earned value viewable at the project, plant or fleet level.
To achieve greater efficiency through automated reporting, EcoSys EPC will serve as the single-source for data analysis. The implementation will leverage existing IT investments by integrating EPC with CENG’s software solutions already in place including Oracle® Primavera P6 which delivers project schedules, Oracle E-Business Suite for cost actuals and project accounting, WinEst for estimating, and internal systems for timesheets.
“After an extensive search, we found that no other cost management tool met our needs like EcoSys EPC,” said Kurt Voytell, project controls manager at CENG. “We’re getting a mature and sophisticated project controls platform, yet the software is very easy to use and tailors to match our processes and terminology.”
“We’re very pleased to assist CENG with adding further visibility and insight into costs and performance across their project portfolio,” said Javier Sloninsky, managing director of EcoSys. “Through standardization of processes with easy-to-use tools like EPC, CENG will be positioned for enterprise-level analysis while easily managing the project detail and complexity associated with operating a large utility.” CENG joins a growing number of Energy sector customers relying on EcoSys EPC for powerful project controls that are both easy-to-use and contain the flexibility to adapt to an organization’s workflow and business requirements.
EcoSys is an industry leader in project management, planning, and cost controls software. Founded by the original designers and developers of the Primavera P6 project management suite, EcoSys has worked with over 250 customers worldwide in industries including oil & gas, utilities, construction, transportation, IT, and government. EcoSys is headquartered in New York, with offices in Houston, San Francisco, and London. For more information, visit http://www.ecosys.net.
EcoSys EPC is an advanced planning and cost controls software solution delivering best practices for full lifecycle project cost management in an integrated, easy-to-use web application. Bridging the gap between planning and execution, EcoSys EPC is used for portfolio management, capital planning, budgeting and forecasting, estimating, and comprehensive management of costs, funds, resources and earned value.
CENG (a joint venture of Constellation Energy Group, Inc. and EDF Group, SA) is based in Baltimore, Maryland (http://www.cengllc.com). CEG owns 50.01% of CENG and is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. EDF owns 49.99% of CENG and is developing strategies in North America in nuclear, renewables and trading. CENG is a leading producer of safe and reliable nuclear power. The company owns and operates five nuclear reactors at three sites in New York and Maryland. CENG's core values are nuclear and personal safety. Nuclear energy - America's largest source of clean-air, carbon-free, reliable electricity, producing no greenhouse gases--accounts for more than 20 percent of U.S. produced electricity, powering one in five homes and businesses across the United States.
# # #