Project Management
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- Plan, create, manage, control, and complete investment, time and cost projects
- Create a project hierarchy comprising multiple subprojects
- Easily plan projects of any size; matching work requirements with available resources
- Plan and organise projects using Work Breakdown Structure (WBS) templates
- Find the right resources for the job with task requirements (skills, education
and experience)
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Work Breakdown Structures
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- Create hierarchical Work Breakdown Structures (WBS)
- Add specific information; schedule, requirements, estimated cost, revenue, and skills
or attributes
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Project Resource and Schedule Management
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- Schedule tasks and allocate resources
- Track schedules, manpower usage, and cost-to-complete
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Project Time and Expense
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- Capture project time and expense quickly and accurately
- Charge travel-related expenses against specific projects with expense management
- Distribute expenses to a single project or across multiple projects
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Project Accounting and Invoicing
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- Enter and itemise project costs, employee hours, materials used, and fees incurred
- Streamline billing of projects
- Create and edit invoice proposals for hours, expenses, items, sales orders, fees,
subscriptions, advance and deduction payments, or milestones
- Split billing enables shared project costs between multiple customers or internal
organisations
- Retention terms can be specified on customer invoices and vendor payments
- Approval workflow ensures accurate project invoices before they are sent to the customer
- Schedule payments to project vendors
- Retain part of payment to a vendor
- Enforce contractual cap on project costs with funding limits
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Project Quotations
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- Quickly build accurate project quotations using Work Breakdown templates
- Select the right opportunities to pursue using project quotation profitability
- Gain project visibility with quotation approval workflows
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Revenue Recognition and Work-In-Progress (WIP)
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- Recognise actual costs to avoid potential cost overruns
- Post and accrue revenue for fixed price jobs based on completion percentage or
completed contract
- Accrue revenue or capitalise costs for time-and-material projects to recognise gross margin
- Handle WIP for investment projects before final elimination of the WIP value to a fixed price
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Project Budgeting and Cost Control
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- Manage projects with forecast (hour, expense, item, fee, on-account) and budgets
- Approve original budgets and revisions through workflow enabled project budgets
- Maintain project cost control by summarising actual cost, committed cost, and remaining
budget to discover total expected cost, and compare with the original budget.
- Measure utilisation rates by comparing actual hours to budgeted hours
- Compare the status of invoiced and chargeable transactions of a project or contract with
the project quotation
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Interoperability with Microsoft Project
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- Integrate and streamline project delivery with scheduling and resource management
capabilities of Microsoft Project Server 2010
- Bi-directional interoperability with Microsoft Project for projects, activities, tasks, and
resource allocation
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Reporting
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- Gain insight in project management performance with predefined KPI’s in the project
accounting cube
- Access standard reports including reports for profit and loss, consumed costs, payroll
allocation, invoice on-account, actual versus budgeted costs, and cash flow
- Use project controls to gain a real-time snapshot of project performance
- Use utilisation control to gain a real-time snapshot of project performance
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