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Cost Management in Capital Projects with Omega 365: A Good Practice
Apr 2025
Product Insights
Cost Management

Cost Management in Capital Projects with Omega 365: A Good Practice

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.
Johnny Vik
Johnny Vik
Get the Full Picture – Combine PO Imports with Contract Management
Apr 2025
Product Insights
Cost Management

Get the Full Picture – Combine PO Imports with Contract Management

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
Johnny Vik
Johnny Vik
Cost Management: Cleaner WBS app
Nov 2024
Product Insights
Cost Management

Cost Management: Cleaner WBS app

Based on user feedback, we've updated the WBS to enhance user-friendliness with a cleaner, more streamlined design.
Johnny Vik
Johnny Vik
Cost Management: Alternative Structures
May 2024
Product Insights
Cost Management

Cost Management: Alternative Structures

Unlimited number of Alternative Structures can be set up in Omega 365 Setup, which allows for additional reporting capabilities within Cost Management module.
Aleksej Širokij
Aleksej Širokij
Earned Value Management with Omega 365
Jul 2023
Product Insights
Cost Management

Earned Value Management with Omega 365

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?
Johnny Vik
Johnny Vik
Defining a WBS fit for purpose
Jul 2023
Product Insights
Cost Management

Defining a WBS fit for purpose

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.
Johnny Vik
Johnny Vik

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