All FeaturesCapital projects tied to the assets they create
Scope projects to real buildings and equipment, watch budget and schedule variance live, and let closeout record the work on every asset it renewed.
Projects that know your assets
Every project is scoped to real sites, buildings, systems, and assets - not lines in a spreadsheet. You always know exactly which equipment a project touches.
Variance you see live
Budget and schedule variance update as invoices and task completions land. Projects flag themselves At Risk before the overrun becomes a board-meeting surprise.
Closeout with zero re-keying
Close a project and the assets it renewed update in one step: condition reset to 100, capital work recorded as a betterment with the actual cost pre-filled. Value, remaining life, FCI and forecasts all count it.
Run the whole project in one place
Tasks with dependencies, critical milestones, budget by category, and a team feed - every capital project from design to closeout, sitting next to the assets and work orders it touches.
- Tasks, subtasks, and blocking dependencies keep work in order
- Critical milestones raise health alerts the moment they slip
- Budget by category - labor, materials, equipment - plan vs actual
- Updates feed keeps stakeholders informed on a schedule
- Filter the project list by the phases you maintain, in your order - not a fixed status list
Every project knows which assets it touches
Scope a project to a site, building, or system and AssetLab pulls in every asset inside it. No more guessing which equipment a spreadsheet line refers to - the project, its work orders, and the assets they affect stay connected.
- Scope by site, building, system, or individual asset
- Assets inside the scope are linked automatically
- Full traceability from project to work order to asset
Health metrics that flag trouble early
Progress, budget variance, schedule variance, and task completion update as invoices and completions land. When variance crosses set thresholds, the project flags itself At Risk - before the surprise reaches the steering meeting.
- Budget variance live, as actual costs are logged
- Schedule variance in days against the plan
- At Risk and Off Track flags raised automatically
Closeout that updates your asset records
When a project completes, closeout offers to update the registry in one step: reset linked assets' condition to 100, and record the capital work as a betterment on each asset the project renewed. The register reflects the work the day it is done, without rewriting any asset's history.
- Condition scores reset to 100 on closeout - optional and reversible
- Capital work recorded as a betterment: cost pre-filled from the project's actuals, plus the years of life it bought
- Value, remaining life, FCI and replacement forecasts count the betterment, while each asset keeps its original in-service date
- Each phase carries a meaning - active, on hold, complete, or cancelled - so a complete phase counts the project as delivered capital and prompts closeout, while active and on-hold phases keep its budget in committed funding
- Archive finished projects out of the working list without deleting them - bulk archive or restore, and archived projects still count as delivered capital in the Capital Brief
And everything else you'd expect
Tasks with dependencies
Subtasks, blocking, assignees, due dates
Budget by category
Labor, materials, equipment - plan vs actual
Milestone tracking
Critical milestones trigger health alerts
Live health metrics
Budget, schedule, and task variance
Asset-linked scope
Sites, buildings, systems, and assets
Closeout updates
Condition reset and betterments
Team collaboration
Managers, members, and assignments
Project updates feed
Monthly to annual stakeholder updates
Cost snapshots
Budget variance preserved over time
Your own phases
Filter by phase; each phase says what it means
Archive finished projects
Out of the list, still counted as delivered
“The idea that both my operational expenses and my capital expenditure planning could live in one centralised place wasn't just a convenience - it was a genuine shift in how I could manage the department. I'm not toggling between systems anymore. I'm working in one place, with the full picture in front of me.”
Capital Project Management FAQ
Common questions about asset-linked capital projects, budget and schedule variance, and what happens to asset records at closeout.
