Product Insights

Backed by three decades of real-world project experience and built around recognized standards, Omega 365 offers a proven framework for cost management in capital projects. From WBS and forecasting to change control, risk, and earned value, this post highlights how leading organizations use Omega 365 to enable structured, transparent, and reliable project execution and reporting.

Efficient project commitment control in Omega 365 combines PO imports from ERP systems like SAP with Contract Management for full lifecycle control. This setup enables tracking VORs, contract changes, and accurate forecasting. Import POs based on Excel templates or use API's. Updated commitments can be viewed in WBS Cost & Progress and integrated into forecasts. The PO Review app provides detailed insights into purchase orders and related invoices

Based on user feedback, we've updated the WBS to enhance user-friendliness with a cleaner, more streamlined design.

Unlimited number of Alternative Structures can be set up in Omega 365 Setup, which allows for additional reporting capabilities within Cost Management module.

Earned Value Management (EVM) is a powerful and widely-used project management technique that enables organizations to monitor and control project performance effectively. What is required to efficiently use this methodology in Omega 365?

A work breakdown structure (WBS) is a hieratical decomposition of a project. It plays a key role in Omega 365 Cost management and related modules.