Management Controls, Inc., (MCi) was founded in 1989 by Bob Harrell. Prior to launching MCi, Mr. Harrell was CFO of a contract service company, and was Director of Internal Audit at ARCO, now BP, during the transition of company hourly employee workforces to predominantly contract personnel. Mr. Harrell’s experience on both sides of the owner/contractor relationship formed the genesis of Track software. MCi created Track v1.0 in 1990 to support the cost control efforts of a large turnaround.
Mr. Harrell recognized the need to automate the end-to-end creation of contractor and employee timesheets, approvals, and invoicing. Accurate, real-time hours and cost data provides visibility into job progress and is critical to forecasting project cost and completion date.
Track has been improved over the years to handle multiple contract types, automate compliance to contract terms, conditions and rates. Track added Equipment and Materials functionality and created powerful integration capabilities with SAP.
Forecaster is MCi’s newest product. It is the data hub where all project information is combined to create an accurate forecast of turnaround or capital project cost and completion date. Forecaster interfaces with Track, SAP and P6.