Expert House SP Unveils Advanced Project Cost Estimation Solution for the Construction Industry

Revolutionizing Activity-Based Costing and Risk Management on the Odoo Community Platform

In today’s fast-paced construction sector, accurate project cost estimation is the cornerstone of successful project management. Understanding this need, Expert House SP proudly announces its new Project Cost Estimation Solution—designed to empower construction companies to manage costs more efficiently, minimize risks, and ensure smooth project execution. Built and fully customized on the Odoo Community platform, this solution is set to transform the way construction projects are handled.

Key Features of the Project Cost Estimation Solution

1. Activity-Based Costing (ABC) Methodology Expert House SP’s solution adopts the Activity-Based Costing (ABC) methodology, ensuring that costs are allocated precisely to individual project activities. This granular approach provides construction companies with a clearer understanding of where resources are being utilized and how efficiently.

2. Comprehensive Risk and Contingency Management Effective risk management is at the heart of successful projects. Our solution includes built-in tools for managing contingency reserves to mitigate risks and handle unforeseen circumstances. This allows companies to balance between potential threats and opportunities, ensuring project resilience.

3. Tailored for the Construction Industry The solution is specifically tailored for construction companies dealing with large-scale projects. The featured screenshot demonstrates an implementation for a university construction project, highlighting how the solution integrates detailed cost control for various work packages, including:

• Construction works like building, finishing, carpentry, concrete, and metal works.
• Additional project activities such as excavation, insulation, and signage.

4. Real-Time Monitoring and Reporting Through Odoo’s user-friendly interface, project managers can easily track budget vs. actual costs, target margins, and risk reserves in real-time. This ensures quick decision-making and keeps projects on track financially.

5. Seamless Integration on Odoo Community Platform Built on the flexible and open-source Odoo Community platform, our solution ensures easy integration with existing systems, along with the scalability to grow as your project portfolio expands.

Why Expert House SP’s Solution?

With over two decades of experience in ERP consultancy and project management, Expert House SP is a leader in creating tailored solutions that meet the unique needs of various industries. Our project cost estimation solution offers:

• Accurate budgeting: Know the real cost of every activity.
• Risk awareness: Mitigate threats and capitalize on opportunities.
• Enhanced profitability: Maximize target margins by managing costs effectively.
• End-to-end visibility: From planning to execution, gain full insight into your project’s financial health.

Case Study: University Construction Project

In our latest implementation for a major construction company working on a university project, our solution helped streamline the cost management of over 10 distinct work packages. The system’s contingency management capabilities enabled proactive risk mitigation, ensuring the project stayed within budget and avoided costly overruns.

Discover the future of cost estimation with Expert House SP. For a personalized demo or more information, contact us .

Expert House SP Transforming enterprises with innovative ERP solutions since 2003.