Description
Discover how Siemens Energy transitioned from scattered spreadsheets and email communication to an integrated cost management ecosystem using Construction Cloud Cost Management. This session will demonstrate how implementing Construction Cloud approval workflows for purchase requisitions, change orders, and payment applications dramatically reduced manual errors while providing real-time budget tracking—critical for complex projects where the ever-changing scope traditionally challenges an accurate financial oversight. The implementation further established the foundation for Siemens Energy’s data-driven strategy through integrated dashboards and Power BI connectors, tracking real-time key performance indicators—such as earned value metrics—from a reliable data source. You'll learn how this optimization strengthened Siemens Energy’s financial governance, enhanced cross-team collaboration, and enabled better-informed decision making throughout the organization.
Key Learnings
- Learn about Construction Cloud Cost Management features and the budget oversight.
- Learn about effectively collaborating with internal and external stakeholders (clients, suppliers, and subcontractors).
- Learn how Construction Cloud centralizes in one platform all approval workflows for purchase requisitions, change orders, and payment applications.
- Learn about visualizing performance in real time, including using Cost Management for dynamic earned value analysis.