for the methodical entry of cost data, and automated tracking of changes to cost information (e.g., change orders) Reporting engine and dashboard creation – the engine that allows for stakeholders to make sense of all the data that's stored in the system, and enables informed decision making Types of information and related processes this software addresses This information can manifest itself as cost items in a contract (e.g., construction costs, design fees, materials costs, FF&E costs, contingency costs, and more). Information can also relate to construction project schedules, and a broad range of processes whereby information is exchanged by the many stakeholders involved. These processes include payment applications, RFIs, change orders, budget changes, action items, submittals, transmittals, and a host of other communications. Significance For projects to be delivered on time, on budget, and within the predefined scope that was agreed upon at the beginning of any project, this information must be available to help project stakeholders (directors of construction, project managers, architects, engineers, contractors, subcontractors, suppliers, others) make informed decisions. Every day, construction professionals must make decisions that rely on accessibility to information. Project managers may delay responses because they're unsure of the validity of the information at their hands, or need to wait to consolidate information from multiple sources to be able to analyze the data. The accuracy and reliability of this information can make a difference between a project being delayed and going over budget. This challenge is in addition to all the other decisions construction professionals face every day – unforeseen conditions, safety issues, quality control, and a host of other challenges. Capital program management software provides a platform where stakeholders can enter information, retrieve it in a way that makes sense by way of reports, summary screens, or dashboards, and maintain an audit trail (play by play) of what has transpired in a project. It is not uncommon for financial auditors or regulators (depending on the nature of the project and industry) to access these systems to determine compliance with existing regulations. References External links Microsoft Enterprise project management for government Oracle Primavera Unifier Project management software