Control Costs. Deliver Value.

Successful project execution depends on effective cost control. Omega 365 Cost Management offers a comprehensive solution for budgeting, forecasting, and tracking project costs in real time. With inte grated support for Work Breakdown Structures (WBS), Earned Value Management (EVM), and timephased estimates, teams gain precision in monitoring performance and staying within financial targets.

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The Cost Management process cycle.

Facilitate Proactive Decision-Making Throughout the Project

Earned Value Management
Scope and Change Management
Baselines
Forecasting


Benefits

Efficiency

Automate reporting and forecasting processes

Visibility

Access real-time insights into cost performance

Control

Manage commitments, accruals, and changes proactively

Project Phases and Completion Perspective (NOR)

Project phases and Completion requirements vary depending on project type, industry and delivery model. Omega 365 can be configured to support systematic Completion across all project phases, regardless of how the project is structured.

The figure below illustrates typical project phases and Completion-related activities based on BA2015 – Systematic Completion, commonly used in Norwegian projects. It highlights that Completion is not a late project activity, but a continuous process that starts early and evolves throughout the project lifecycle.


Project Phases based on BA2015


Completion as a Lifecycle Process

The illustration emphasizes that systematic Completion begins in early project phases, where requirements, documentation and planning are established, and continues through construction, testing and formal handover to operations.

Mechanical Completion, Commissioning and Handover build on foundations established much earlier in the project. Without early planning and structured data, later Completion phases become inefficient and difficult to control.

The sections below describe typical project phases and how Completion activities are applied in each phase.


Phase 1 – Project Planning and Completion Preparation

Purpose
Establish the foundation for systematic Completion.

In early project phases, the focus is on defining requirements, scope and structures that enable controlled Completion execution later in the project.

Typical focus areas

  • Definition of Completion strategy and governance

  • Establishment of documentation and data requirements

  • Alignment of Completion requirements across contracts and suppliers

Typical planning deliverables (examples)

  • System lists

  • Object registers (systems, tags, rooms, buildings)

  • Interface matrices (systems and disciplines)

  • System and interface diagrams

  • Functional and integrated functional descriptions

Completion-related activities

  • Prepare a Completion plan

  • Contractual alignment of Completion requirements, including contractor responsibilities

  • Assessment of contractor Completion plans

  • Training in the use of Completion tools

  • Establish object structures in Omega 365

  • Establish Completion activities (scope)

  • Prepare detailed test plans

  • Prepare test procedures (functional, integrated and performance tests)


Phase 2 – Vendor and Supplier Deliveries

Purpose
Ensure that vendor documentation and requirements support later Completion and testing activities.

In this phase, the focus is on collecting and verifying vendor data and documentation that will form part of the Completion and testing basis.

Typical focus areas

  • Vendor documentation and data deliveries

  • Alignment of vendor test requirements with project Completion strategy

  • Preparation for installation and integration

Vendor deliveries are incorporated into the Completion structure established earlier, ensuring traceability between systems, objects, activities and documentation.


Phase 3 – Construction and Mechanical Completion

Purpose
Verify that systems and areas are installed according to requirements.

During construction, Completion activities focus on verifying physical installation and readiness for testing.

Typical focus areas

  • Execution of installation work

  • Verification and inspections

  • Closure of deviations and shortages

Typical Completion activities

  • Contractor self-verification

  • Builder and third-party inspections

  • Mechanical Completion of systems and areas

  • Rectification of findings and deficiencies

Mechanical Completion confirms that systems or areas are installed and ready for testing, but does not yet verify functional performance.


Phase 4 – Commissioning and Testing

Purpose
Verify that mechanically completed systems function as intended, individually and in combination.

In this phase, the focus shifts from installation to functionality and performance.

Typical focus areas

  • Functional verification

  • Integration between systems

  • Performance validation under operational conditions

Typical Completion activities

  • System testing

  • Integrated testing

  • Full-scale tests

  • Performance tests

  • Trial runs

Commissioning activities rely heavily on the object structure, activities and test procedures established earlier in the project.


Phase 5 – Handover to Operations

Purpose
Formally transfer responsibility from project execution to operations.

This phase confirms that systems meet contractual and functional requirements and are ready for operational use.

Typical focus areas

  • Verification of readiness

  • Closure of outstanding punch items

  • Final documentation and acceptance

Outcome

  • Systems accepted

  • Assets handed over to Operations

  • Completion data retained for lifecycle follow-up and asset management


Summary

Systematic Completion is a lifecycle-oriented process that spans all project phases. Early planning, structured data and clear Completion governance are essential to ensure efficient Mechanical Completion, Commissioning and Handover.

Omega 365 supports this approach by enabling Completion planning, execution and verification to be established early and continuously refined as the project progresses, ensuring traceability and control from project planning through to operations.

Get to Know Your Product Manager

Tobias Sætre

Tobias Sætre started at Omega 365 in 2019. He holds a degree in computer engineering from the University of Stavanger (UIS). Initially working from the Ølensvåg office in Norway for the first seven months, he then moved to the Stavanger office in Norway before recently returning to Ølensvåg. Sætre has been involved in developing modules for the CORE system and has also participated in various implementation projects.

Tobias Sætre

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