Project oversight powered by a unified Real-Time Construction Monitoring System (RTCMS)
TacminMadini’s Project Oversight service, powered by RTCMS, combines industry-leading digital tools with decades of expertise. RTCMS serves as a unified, database-driven platform, integrating all essential project modules—from procurement and estimation to scheduling, forecasting, cashflows, valuations, and project controls. By delivering real-time data across all mining phases—startups, active operations, and expansions—RTCMS transforms project execution, offering unparalleled oversight over infrastructure, process plants, and mining construction. The system’s fully integrated approach empowers teams to align project activities seamlessly with budget and schedule targets, setting a new standard for oversight in upcoming mining projects.
Real-time procurement, estimation, and capital control
RTCMS integrates procurement, estimation, and benchmarking into a unified, data-driven system that enables precise capital control across the project lifecycle. Using first principles estimation, RTCMS breaks down costs to include only necessary overheads and profit margins, supported by detailed OEM and supplier quotes for accurate financial projections. Real-time analysis of resources and equipment scales costs based on actual project needs, enhancing transparency beyond traditional unit rate contracts and involving clients directly in cost optimization. With structured tender inquiries and a rigorous adjudication process, RTCMS carefully evaluates suppliers and contractors for cost-effectiveness and alignment with project goals, ensuring accountability, transparency, and disciplined spending that prevent budget drift and support on-budget execution.
Integrated planning, scheduling, and forecasting for on-schedule delivery
RTCMS ensures on-schedule project delivery through integrated planning, scheduling, and forecasting. Using tools like Gantt charts and network diagrams, it maps each construction activity from start to finish, considering project constraints, production rates, and equipment performance for a realistic timeline. Cost data from the optimization process is embedded directly into scheduling, providing accurate cost-over-time forecasts and enabling real-time expenditure tracking. This system allows immediate adjustments to resources and finances, keeping projects aligned with client goals. Customized reporting offers strategic insights tailored to executives and managers, ensuring informed decision-making and timely project execution.
Valuation and project controls for proactive adjustments
RTCMS’s valuation and project controls offer proactive budget management through monthly contractor valuations that maintain alignment between initial estimates and ongoing project costs. This real-time valuation module provides transparent access to valuation data, allowing teams to track work progress, generate accurate billing, and manage cash flow effectively. Integrated with the project controls module, RTCMS combines cost, schedule, and resource data to offer a unified view of project status, enabling data-driven adjustments that support budget adherence and timeline goals. By continuously aligning financial performance with feasibility targets, RTCMS empowers teams to anticipate and mitigate risks, ensuring efficient, accountable project execution across each phase.
A forward-looking solution for mining project success
RTCMS, powered by decades of TacminMadini’s expertise and aligned with Industry 4.0 standards, offers a transformative approach to mining project oversight. Since 1985, TacminMadini has provided PMBOK-aligned oversight across infrastructure, contractor, and owner-managed mining projects, specifically addressing the challenges of cost overruns and schedule delays that have long impacted the industry. By unifying critical project modules—procurement, estimation, scheduling, forecasting, cashflows, valuations, and controls—RTCMS equips project teams with real-time data and actionable insights across every mining phase.
This integrated, data-driven system empowers mining projects to break the cycle of overruns by ensuring precise alignment of costs, schedules, and resources with project goals. Through advanced tools and real-time monitoring, RTCMS supports efficient and sustainable project delivery, helping teams achieve on-time and on-budget execution. For a closer look at how RTCMS can redefine control and accountability in your next project, visit our Project Oversight service page.
