Invantive Control at Ballast Nedam [1] Invantive Control at Ballast Nedam
Invantive at Eusprig 2014
Nov 28, 2014
Ballast Nedam’s primary business is mainly focused on large real estate and infrastructural projects. Projects become more complex due to their increasing size, duration and environmental constraints. Therefore Ballast Nedam has a strategic focus on major integrated complex projects. Mr. Jaap Labrie describes how Microsoft Excel is used in business critical processes to support the focus on major integrated complex projects by the Ballast Nedam Development Company. The Excel add-on Invantive Control enables Microsoft Excel to be used in business critical processes during the acquisition and execution phases of projects, including land bank risk management. This avoids continuity risks such as incorrect, unrealistic or intransparant financial numbers, but also avoids compliance issues. Financial engineering during the acquisition phase, as well as financial controlling during all phases is being demonstrated, using Microsoft Excel, Invantive Control, Invantive Estate and Palisade’s @RISK.
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Invantive Control at Ballast Nedam [1]
Invantive Controlat Ballast Nedam
Invantive Control at Ballast Nedam [2]
1. Invantive Control in general
2. Benefits of Invantive Control without disadvantages of Excel and database
3. Uses of Invantive Control at Ballast Nedam
Table of contents
Invantive Control at Ballast Nedam [3]
• Excel add-on Invantive Control used to financially manage projects.
• A functional(1.2) and reliable(1.4) tool that helps provide an overview of a projects’ future.
• Data used is accessible(1.3) at any time and is
unambiguously(1.1) stored.
1. Invantive Control
Invantive Control at Ballast Nedam [4]
• Input-data can only be processed one pre-defined way.
• Pre-defined way can be adjusted to all users’ needs, flexibility is not really an issue.
1.1. Ambiguity
Invantive Control at Ballast Nedam [5]
• Large, complex projects require overview to make major critical decisions.
• Invantive Control translates input-data into a clear overview in no time.
1.2. Functionality
Invantive Control at Ballast Nedam [6]
• Database is accessible for everyone at any place and at any time.
• Because of unambiguous storing, data is understandable and readable for everyone.
1.3. Accessibility
Invantive Control at Ballast Nedam [7]
• Lack of flexibility increases reliability of input-data.
• Incorrect or even incomplete data is quickly detected due to clear overviews.
1.4. Reliability
Invantive Control at Ballast Nedam [8]
• Flexibility of Excel with pre-defined formulas to increase reliability and clarity.
• People are familiar with Excel, especially non-financials.
• Flexible database can easily be adjusted for managerial and presentational purposes.
2. Benefits without disadvantages
Invantive Control at Ballast Nedam [9]
´Our land bank is very divers; each holding has its own characteristics, opportunities and threats. With software from Invantive we manage to keep control over all these different positions very effective and efficient.’
• BN uses Invantive to value and monitor our land bank holdings.
3. BN Development Company
Invantive Control at Ballast Nedam [10]
• Compose cost-benefit analysis.
• Project future cash flows over time.
• Value landholding by analyzing different scenarios. Integration of @Risk (3.3) enables us to easily execute an extensive
scenario-analysis to determine an accurate value for every position.
3.1. Value our land bank
Invantive Control at Ballast Nedam [11]
• Invantive Estate as a Management Information System (MIS) to monitor projects.
• Due to link with ERP system and Invantive Control always a live financial situation.
• Used to make accurate investment decisions.
• Data vault
3.2. Monitor our land bank
Data vaults (>3 GB)Excel with
Invantive Control
Invantive Control at Ballast Nedam [12]
• Invantive Control has @Risk integrated in its formulas, use of add-in is highly simplified.
• Frequently used during tender phase to perform scenario analyses on complex, long term projects.
• Used to define critical risk parameters and get a feeling with a projects’ possible future cash flow
3.3. Integration of @Risk
Invantive Control at Ballast Nedam [13]
• Since 2009 at BN Development Company
• Small projects from € 5 million
• Big projects from € 100 million
• Positive review by accountant, being ‘in control’ in annual report
3.4. Facts
Invantive Control at Ballast Nedam [14]
Questions?
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