Parsek Project Cost Tracking compares planned budget with actual cost per project by category, and computes variance percentage, budget usage ratio, profitability and estimate-at-completion (EAC). See over-budget projects instantly and intervene.
Key Features
Budget vs Actual
Planned budget vs actual cost compared by category (material/labour/subcontractor/equipment).
Variance & Budget Usage
Cost variance percentage and budget usage ratio shown per project with visual bars.
Profitability Analysis
Profit and margin from contract revenue minus actual cost; comparison against target margin.
Subcontractor Auto-Import
Subcontractor contract commitments are imported to the project's actual cost with one click.
Auto-Initialise Budget
The project budget is auto-created from the BOQ / cost-model total.
Portfolio Summary
Total budget, actual cost, revenue and profit of all projects in one table; over-budget project count.
How It Works
1. Set the Budget
Enter the planned budget by category or auto-initialise from the BOQ.
2. Record Actual Cost
Enter incurred spending by category; auto-import subcontractor commitments.
3. See the Analysis
Variance, budget usage, profitability and EAC are computed automatically; over-budget alerts shown.
Frequently Asked Questions
Try this free for 14 days. No credit card required.
Try It Now →How is actual cost entered?
Manually by category; subcontractor commitments can be imported automatically.
Where does the planned budget come from?
From budget lines, or the BOQ/cost-model total if none.
How is profitability calculated?
Contract revenue minus actual cost; including margin percentage and target-margin comparison.
Protect Your Project Profitability
With Parsek Project Cost Tracking, catch budget overruns early and see the real profit of every project.