HD Performance

HD-Performance-new

HD Performance gives owners, EPCMs, and contractors real-time project status. Quickly apply corrective actions to keep projects on time and within budget.

Read HD Performance highlights by role:
Owner | Contractor | EPCM
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Control Budgets

View and manage three sets of budget and planning data – original budget, current budget, and current estimate – with multiple ways to calculate and view variances compared to actuals.

Measure Progress to Plan

Progress Measurement SoftwareHD Performance is much more than project tracking software. Centralize progress measurement information that leverages budget activities to calculate % complete, budgeted cost of work scheduled (BCWS), earned value (EV), actual cost of work performed (ACWP), cost variance, estimate at completion (EAC), and forecast variance values against budget values.

Calculate Earned Completion: Quantity and % Complete

Calculate Earned Completion: Quantity and % Complete with HD.Track planned quantities, man-hours, and equipment hours against actual quantities, man-hours, and equipment hours complete. Quantities can auto-calculate percent complete or percent complete can be entered directly. Integration with scheduling drives percent complete, keeping progress and the schedule in sync while providing visibility across the enterprise.

Commitments

New in the HD Suite V12.1: Commitments RegisterThe Commitments feature allows you to track how much of your current budget has been committed for expenditure to a particular company. The committed amount can be tracked separately from the budgeted amount. It enables an owner to answer these important questions:

  1. What is the total value of our commitments to date on this project? i.e., If we were to cancel the project today, how much would we be on the hook for as the owner?
  2. How does the committed amount for a specific scope of work compare to what we had budgeted for that work? If we committed less than we had budgeted, that money can possibly be spent elsewhere.
  3. How do the as-built costs for a particular contractor compare to the amount we committed to them? Are they billing us more than we committed to them?

Achieve Project Cost Reconciliation with ERP Systems

Compare calculated accrued actuals from work performed with ERP accounting accruals and actuals. Reconcile project progress with ERP systems to identify missing invoices or misaligned reports from the field. Simplify project reconciliation with work performed vs. work cost status to proactively identify project cost and productivity discrepancies.

Reconcile Planned Quantities

View planned vs. actual quantities to compare and reconcile accounting quantities reported. Calculate planned vs. actual progress at the activity or project level. Calculate estimated quantities, based on costs incurred.

Report Earned Value

Report earned value with HD.Calculate project finance costs, quantities, materials, man-hours, equipment hours, and % complete calculate estimated actual costs. Earned value results from work performed from duration of effort, producing an estimated earn cost to compare to actuals.

Rational Forecasting

HD Rational ForecastingSelect the best forecast method to use for each item, depending on its progress and other criteria. Enter manual forecasts with a required explanation and a full audit trail. Base forecasts on performance trends and averages to date, with ability to apply improvement factors. Drive forecasts from bottom-up estimates developed using the full estimating tool-set.

Measure Contract Changes

The budget/contract changes register provides a mechanism for effectively tracking and managing all budget and contract changes, including budget moves and contingency draw downs, with a full audit trail of changes once the original budget has been established for a project.

Pay Requests by Period

View Pay Requests by Period with the HD Suite.Calculate earned revenues or progress payments for any time period using sophisticated earnings rules, with ability to manage holdbacks and disputed amounts.

Collect Timesheets

Collect Timesheets with the HD Suite.Create timesheet standards to eliminate double entry, reducing data input time while improving owner/contractor collaboration. Receive man-hours, equipment hours, progress quantities, actual costs, and notes directly from the field. Timesheets can be collected through HD Performance or outside systems, including AboutTime, ERP, or Excel.

On top of quantitative data, timesheets can record notes for each activity including assumptions, job site observations, and more. Increase communication and provide additional information that enables field operators to prevent staging and other issues.

Approve and Manage Collected Time

Approve and Manage Collected Time with the HD Suite.Manage and approve collected time by job code, foreman, status, period, and other variables. Time can be approved and selectively published to update progress activities. Collected time can be calculated against the budget plan to calculate productivity, providing immediate insight into production and forecast completion.

Forecast by Performance

Forecast by Performance with HD.Forecast projects and activities by actual production performance daily, weekly, or monthly. Calculate and update forecasts from planned quantities, planned man-hours, equipment hours, against actual earned quantities or percent complete.

Recalculate forecast completion by average production for an item, latest as-built, or original planned forecast.


 

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