PCMS and Track, two cost-control software packages used in petroleum refining, chemical and petrochemical industries, have joined forces. Management Controls, Inc., the owner of Track, has acquired PCMS (Project Control Management System). Users will soon benefit from contractor administration and cost control provided by Track, along with the activity-based cost tracking and forecasting that PCMS provides, all in one software package. Later this year, PCMS will become Track’s Project Cost Forecasting (PCF) module. Cost control and predictability will be improved in the execution of large projects with the use of this single software program. By giving users the ability to perform paperless contractor administration and total cost functions, and to allow them to track project costs as they occur and forecast costs at completion will create new efficiencies and ensure project success. — The Turnaround Management Company, Houston, Tex.
Acquisition Creates a Full Cost Control and Forecasting Package
| By Chemical Engineering