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Danaos

Cost Controller / Project Controls Engineer

Project Cost Control and Earned Value ERP for Cost Controllers

Protect the margin on every work package.

ProjectVIEW ERP is not a cost-control add-on or a separate project layer. It is one integrated system where each order, timesheet, plant hour and subcontractor certificate from site, yard or plant is coded once to the BoQ or BoM item, the WBS activity and the cost code, and flows straight into the company accounts. The BoQ ↔ WBS ↔ Cost Codes structure keeps site, project and company records consistent. It supports the available AI assistant and provides the data foundation for specialist agents on the AI roadmap.

Committed cost, actual cost and earned value (CPI, SPI, EAC, VAC) show overruns while they can still be stopped. Keep actual cost and productivity per item as a lessons-learned record, so the next budget starts from actual results.

Cost Controller / Project Controls Engineer
Illustrative workflow profile
Illustrative workflow profile: Cost Controller / Project Controls Engineer. Illustrative highlights: Contract Mgmt, Revenue Inflow, Bid Wins.Bid WinsSchedulingSourcingMaterials MgmtLaborProductivityMachineryUtilizationProjectPerformanceContract MgmtChange MgmtRevenue Inflow
Illustrative highlights

Illustration only, not measured results. Actual priorities depend on your project and organization.

What does a cost controller do in a project-based company?

A cost controller protects project margin. To that end, they compare budget, committed cost, actual cost and earned value on every work package. ProjectVIEW ERP codes each purchase order, timesheet, plant hour and subcontractor certificate once, against the BoQ or BoM item, the WBS activity and the cost code. Variance and cost to complete are therefore visible before the invoices arrive. The same control also works on a building, a hull, an offshore campaign, a mine or an engineer-to-order product.

  • Budget and baseline: set the cost baseline per work package, from the estimate.
  • Commitments and actuals: then track orders, timesheets, plant hours and subcontractor certificates against the budget.
  • Forecast and variance: finally, report earned value, CPI, SPI and cost to complete, and explain each variance.

How ProjectVIEW ERP supports cost controllers

01
Is this work package over cost?
Per item, CPI compares earned value with actual cost, while SPI compares earned value with planned value. Cost Control
02
What is committed but not yet invoiced?
Committed cost is recorded when the order or subcontract is approved. Procurement and Purchasing
03
What will it cost to finish?
Cost to complete and forecast at completion are available per item and activity, as well as per project and company. Cost Control
04
What does a change cost before approval?
Before approval, price each change request against the same BoQ or BoM items and WBS activities. Change management
05
Are subcontractor certificates matched to progress?
Before payment, check subcontractor certificates against measured quantities per item. Subcontractors Management
06
What does management see each month?
Cost reports per project and company, as well as dashboards in Qlik or Power BI, come from the same entries. ProjectVIEW ERP Core

Your ProjectVIEW stack

AI agents

These specialized AI agents are available with ProjectVIEW v12. They work on governed ERP data, send risk alerts and propose actions. Your team approves every action. ProjectVIEW AI v12

Three ways to start: connect ProjectVIEW ERP to your current ERP, start with the modules you need most, or run the complete ERP + AI system. See integration with SAP, Oracle and other ERPs.

FAQ

FAQ: Cost Controller

Talk to our expert

Questions about your role or your industry? Talk to a subject-matter expert who implements ProjectVIEW ERP.

What is the difference between committed cost and actual cost?

Committed cost is what you have ordered or contracted but not yet been invoiced for. In contrast, actual cost is what has been invoiced, booked or consumed. ProjectVIEW ERP shows both per work package, so an overrun shows before the invoice arrives.

How do CPI and SPI together show project health?

CPI shows cost efficiency, while SPI shows schedule pace. When CPI ≥ 1 and SPI ≥ 1, the work package is on budget and on time. If CPI < 1 and SPI ≥ 1, it is on time, but buying progress at a higher cost (for example overtime or extra plant). With CPI ≥ 1 and SPI < 1, it is under cost, but late, often because resources are missing. When both are below 1, the work package needs action now.

Can our cost codes stay aligned with the corporate chart of accounts?

Yes, because cost codes map to the general ledger in ProjectVIEW ERP or in SAP S/4HANA and Oracle Fusion. As a result, project control and corporate accounting use the same entries.

Does it work with Primavera P6 or MS Project?

Yes, native connectors synchronize WBS activities and dates with Oracle Primavera P6 as well as Microsoft Project.

Which industries does this cover?

Construction, shipbuilding and repair, marine and offshore, mining and quarrying, as well as project-based manufacturing. The same cost control and earned value logic also applies in each, whether the scope is a BoQ, a BoM or a work package.

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