The Best Capital Project Management Software

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Procore Screenshot

Procore

★★★★★
★★★★★
(5)
Procore is a construction project management software known for its comprehensive features and user-friendly interface. It streamlines construction project management for greater efficiency and productivity. The software can integrate with various management tools, such as document and task management, RFI and submittal management, and reporting, to provide a complete project oversight solution. Additionally, Procore’s timecard management integrates with the platform, allowing for effective tracking and management of labor costs.
Price Range
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Starting Price
$375/month
Client OS
Web
Deployment
Cloud Hosted
Projectmates Screenshot

Projectmates

★★★★★
★★★★★
(1)
Projectmates is a construction project management software for large-scale projects and real estate development. Key features include in-depth project organization, financial management capabilities, and customizable templates. Projectmates helps manage requests for information (RFIs), process submissions, create daily site reports, and upload site photographs.
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
InEight Screenshot

InEight

★★★★★
★★★★★
(1)
InEight provides field-tested project management software for the owners, contractors, engineers and architects who are building the world around us. Over 575,000 users and more than 850 customers worldwide rely on InEight for real-time insights that help manage risk and keep projects on schedule and under budget across the entire life cycle. From pre-planning to design, from estimating to scheduling, and from field execution to turnover, InEight has powered more than $400 billion in projects
Client OS
Windows, macOS, iOS, Android, Web
ProjectSight Screenshot

ProjectSight

★★★★★
★★★★★
(4)
ProjectSight by Trimble is a highly configurable construction management software platform that has been designed to adapt to customer needs.
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Oracle Primavera P6 Screenshot

Oracle Primavera P6

★★★★★
★★★★★
(1)
Oracle’s Primavera is focused exclusively on helping project-intensive businesses manage their entire project portfolio lifecycle, including projects of all sizes. It is estimated that projects totaling more than $6 trillion in value have been managed with Primavera products. Companies turn to Primavera project portfolio management solutions to help them make better portfolio management decisions, evaluate the risks and rewards associated with projects, and determine whether there are sufficient
Price Range
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Starting Price
$2,750/user (perpetual license)
Client OS
Windows
Deployment
On-Premises
Buildertrend Screenshot

Buildertrend

★★★★★
★★★★★
(9)
Buildertrend is a cloud based construction management software specifically designed for homebuilders, remodelers, and various types of contractors. It streamlines project management by centralizing communication, documentation, and collaboration tools. In 2021 Buildertrend [acquired CoConstruct](https://buildertrend.com/press-releases/coconstruct-acquisition/) and combined the platforms to create one expanded platform.
Price Range
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Starting Price
$499/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Premier Construction Software Screenshot

Premier Construction Software

★★★★★
★★★★★
(4)
Premier Construction Software from Jonas Software is a true cloud-based construction management software that integrates accounting, job costing, and project management into one comprehensive system.
Price Range
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Starting Price
$199/user/month
Client OS
Web
Deployment
Cloud Hosted
BuildTools Screenshot

BuildTools

★★★★★
★★★★★
(1)
BuildTools is a construction project management software specifically designed for custom home builders and remodelers. It centralizes all project information, including budgeting, scheduling, communications, and documents in one place. The software offers features for team communication, project management, financial management, and more, allowing users to streamline the bidding process, track project progress, and manage financial aspects effectively.
Price Range
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Starting Price
$369/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
TRIRIGA Screenshot

TRIRIGA

★★★★★
★★★★★
(1)
IBM TRIRIGA software helps businesses get back to work with confidence. Use this platform to consolidate essential information into a single source of truth to make faster, more confident decisions and adapt to any circumstance. With TRIRIGA, you can create safer spaces by monitoring and managing space utilization. You can also focus on occupant well-being by providing workplace services which promote worker safety. TRIRIGA gathers data across IoT and WiFi sources, you can obtain better space
Client OS
Web
Deployment
Cloud Hosted
PMWeb 7 Screenshot

PMWeb 7

★★★★★
★★★★★
(3)
PMWeb 7 is a capital construction management software for scheduling, project planning, and asset management. It provides a visually-driven workflow and comprehensive features, including cost management and portfolio reporting. PMWeb 7 is internationally adaptable, supporting multilingual and multi-currency operations.
Client OS
Web
Deployment
Cloud or On-Premises
Aurigo Masterworks Cloud Screenshot

Aurigo Masterworks Cloud

★★★★★
★★★★★
(1)
Aurigo Masterworks Cloud Platform provides an integrated suite of enterprise software products for planning, building, and maintaining capital assets. These assets range from infrastructure to facilities. The four main products are: Capital Planning & Portfolio Management; Full Lifecycle Construction Management; Safety, Quality, and Maintenance; and Business Operations. The Aurigo suite offers the most comprehensive industry-ready solution that automates every phase of the
Client OS
Windows, iOS, Android, Web
Deployment
Cloud Hosted
Finario One Screenshot

Finario One

Finario One is a capital planning system that combines comprehensive project planning solutions with everything FP&A needs to plan, budget, forecast and report on Capex. Use this platform to establish a single source of truth across the enterprise. Actuals Tracking : It’s impossible to forecast where you are headed without a clear grasp of where you stand. Feed actual payment information electronically from your ERP into Finario daily, weekly or monthly and automate actuals reporting once and
Client OS
Web
Deployment
Cloud Hosted
Mavenlink Screenshot

Mavenlink

★★★★★
★★★★★
(3)
Mavenlink delivers cloud-based software and services that transform how businesses do work with distributed teams, contractors, and clients. Mavenlink enables organizations of any size to successfully manage and scale their people, projects, and profits. Consulting firms, creative agencies, and professional services teams across the globe are running their businesses more efficiently and more elegantly with Mavenlink. Project management; Project accounting; Resource management; Business
Starting Price
$19/user/month
Deployment
Cloud Hosted
MRI Software Asset4000 Screenshot
Asset4000 is a fixed asset management software. Key features include customizable depreciation methods, depreciation forecasting and modeling, asset hierarchies, and document management. Asset4000 delivers customizable reports for audits and regular asset tracking. The software’s integration with existing ERP systems, notably Intacct, enhances its functionality.
Price Range
   $     $     $     $     $   
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Client OS
Windows, Web
Deployment
Cloud or On-Premises
Asset Essentials Screenshot

Asset Essentials

★★★★★
★★★★★
(1)
Asset Essentials is a cloud-based maintenance management solution developed to support asset-centric operations. With this software, users can improve their processes where they live, work and play with streamlined workflows and advanced maintenance. Key functionality supports operations teams across departments with enhanced real-time visibility into work orders. Improve labor operations, manage inventory and extend the life of your assets all in an agile, user-friendly solution. Streamline
Client OS
Windows, macOS, Web
Deployment
Cloud Hosted
FlexiAssets Screenshot

FlexiAssets

★★★★★
★★★★★
(1)
FlexiAssets is a fixed asset management software that helps bring together your capital projects, assets, accounts payable, and general ledger into a fully integrated solution. The software lets you track your assets across multiple locations, departments, or companies, under multiple depreciation schedules. Available on-premise or in the cloud, FlexiAssets can work alongside Flexi’s accounting software options to examine expenditures against project budgets, and helping the information flow
Client OS
Windows, Web
Deployment
Cloud or On-Premises
AssetMAXX Screenshot

AssetMAXX

AssetMAXX from AssetWorks is an asset management software for tracking, accounting for, managing inventory of, and reporting on fixed asset records in your organization. The fixed asset management software helps track capital and non-capital asssets by introducing operational efficiencies—letting your team spend less time reconciling asset data and more time using that data to enhance organizational decision making. Ensure audit compliance with accurate fixed asset financial statements;
Client OS
Web
Deployment
Cloud Hosted
Planon Software Screenshot
Planon Software is a facilities management software for corporate real estate, financial services, and field service providers. Key features include real estate, asset, maintenance, and sustainability management. Planon Software also handles space management, including CAD drawings and digital floor plans for better visualization of space usage.
Client OS
Windows, macOS, iOS, Android, Web
Deployment
Cloud or On-Premises
RedTeam Software Screenshot

RedTeam Software

★★★★★
★★★★★
(2)
RedTeam Software is a robust project management system that is built for commercial construction companies by construction professionals. The cloud-based application manages everything from pre-construction to project closeout, while allowing all team members to stay connected with any device. RedTeam provides a solution for every step of the project management process including new business generation, pre-construction, contracting, performance management, and financial controls. Accounting
Price Range
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Starting Price
$4,200/year
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Sciforma Screenshot

Sciforma

★★★★★
★★★★★
(1)
Sciforma is a project portfolio management tool for portfolio managers, team members, project managers, and project management offices (PMOs), and enterprise-level decision makers. This PPM tool helps you make better business decisions, get products to the market faster, improves productivity, and more. Portfolio Analysis; Portfolio Simulation; Budget Management; and Idea Management. Time Tracking; Issue Management; Calendar Management; and Change Management.
Price Range
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Starting Price
$17/user/month
Client OS
Windows, Web
Deployment
Cloud or On-Premises

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Buyer’s Guide

What is Capital Project Management Software?

Capital project management software streamlines the long-term development and maintenance of large-scale capital assets through organizing operations and calculating costs. A capital asset is any kind of property necessary for the production of a good or service, such as a factory for manufacturing or the land the store is built upon. Sometimes referred to as fixed assets, this also includes intangible concepts such as trademarks and patents. While what constitutes a capital asset varies from business to business, capital project management software is necessary for managing all ongoing projects around those assets.

While there is some overlap with general project management solutions, capital project management systems differentiate themselves by providing the specific functionality necessary for long-term success of all current and planned investment projects. These cover those assets which promote the organization’s development goals or 5 year plan.

For example, there can be a lot of overlap between capital management and construction management software, since land and building development projects clearly fall under the definition of capital assets. The main difference between these solutions is how construction software focuses on the literal construction project (i.e. the completion of a building) while capital project management focuses on the impact of the building itself along with all other assets, like developing machinery for the factory or purchasing company cars for the staff. Automated software makes it possible to develop all these assets simultaneously.

Projectmates Construction Software
The Projectmates dashboard has everything for managing capital projects.

Capital Project Management Software Features

  • Project estimating: Calculate actual costs for labor, material, equipment, and other factors for the purpose of finding and submitting a bid to stakeholders on a competitive project
  • Forecasting and budget management: Predict expenses in advance based on past project costs and pricing estimates in order to establish an accurate budget
  • Scheduling: Arrange for project schedules based on when work needs to be begin or be completed; ensure availability of resources like labor and materials
  • Workforce management: Track real-time progress throughout a project lifecycle, assigns tasks to specific employees, and clearly describes project requirements within the system
  • Team communication: Use various communication tools to coordinate between different members of a project team, remotely or in-person
  • Project portfolio management: Catalog projects in order to determine which need attention at any given time and predict which projects offer the best return on investment
  • Document management: Store important project documents digitally for future reference or audits
  • Risk mitigation: Minimize risk by planning for possible remediation in the event a risky scenario occurs
  • Analytics and reporting: Review past performance on capital projects to find areas of improvement for upcoming projects
Procore Software
Procore software provides a clear overview of your project portfolio.

Best Capital Project Management Software Benefits

Investment in a capital project management software can provide your company with many useful advantages, such as:

All Projects in One Place

One of the benefits of any project management software is the ability to control a project throughout the entire lifecycle. To start, project managers can use estimating tools to streamline budgeting efforts to avoid unexpected finances once a project is approved to start. And workforce management tools can help organize labor for the duration of the project.

As described above, construction management software has some similarities to capital project management. However, here is where the big difference emerges: capital project management systems provide an overview of every project related to capital asset management in one location. Check progress on a new factory’s construction project, sign-off on the purchase of fleet vehicles, or simply know which upcoming projects are moving up the pipeline through an all-in-one capital project management system.

This increased visibility across all areas of your business can provide extra security for your operations by ensuring nothing gets forgotten. An all-in-one capital project management solution ensures every aspect of your project is addressed in a timely manner from an automated, single reference point.

Real-Time Risk Mitigation

With big projects come big risks. One minor mistake can quickly snowball into an entire project failing and costing thousands of dollars to repair. Risk mitigation tools from capital project management systems can reduce damage through real-time monitoring, allowing you to notice issues before they grow out of control.

Workforce management and scheduling modules make it easy for project managers to assign the best talent to each project task. Every member of the project team can be hand-selected, from the manager down to any third-party subcontractors or temporary laborers. Additionally, communication tools encourage more effective teamwork, further reducing the possibility of human error when handling capital asset matters.

IBM TRIRIGA Integrated Workplace Management System
Run risk reports remotely with IBM TRIRIGA.

Audit Protection and Accountability

Many capital projects fall into the realm of public service, such as the development of infrastructure or community land. In these situations, the project is likely dependent on public funding, which means project managers need to ensure accountability for the duration of the project’s lifecycle. That means keeping accurate records at every step of the project, from start to finish.

Document management tools provide protection against internal and external audits by providing storage for all types of documentation. For public works projects, this can extend to permit or grant funding forms used at local, state and federal levels. Keep templates for future projects, save documents from completed work, and store whatever other information you need digitally.

Finally, project owners can develop analytical reports to review actual costs versus initial forecasting estimates, effectiveness of work order, and other factors specific to the capital project. This data can then be used to show potential stakeholders your organization’s past successes, increasing the chance of winning bids.

Capital Project Management Software by Industry

Capital planning and project management software is most often associated with large-scale development, though systems can also be used by most industries:

  • Real estate, construction and remodeling
  • Government and infrastructure
  • Manufacturing and production
  • Retail, dining, and hospitality
  • Distribution centers and warehouses

It’s possible to customize capital project management solutions to a degree, in order to better suit your industry. In particular, systems can integrate with ERP, accounting, and HR software to better serve your needs. Whatever your capital assets, build, maintain, or improve them with all-in-one capital project management software.