Full-Suite ERP’s Most Amicable Solution for Project Management

• Julius Rassou
• 25-Sep-2017 12:11:29

Full-Suite ERP’s Most Amicable Solution for Project Management

Introduction

A Project is a stand-alone temporary workflow stipulated by definite start and end dates, and resources; typically devised to meet the unusual requirements of usual Production processes. Projects encompass diverse technical skills, tools, and management strategies for its realization. Project Management (PM) ERP solution brings together these diverse aspects, and ensures their harmonious functioning right from Project inception, through Planning, Executing, Monitoring & Controlling, up till its successful accomplishment, and subsequent closure. The complete processing of the Project is seamlessly and comprehensively directed by the PM system, to be carried out within its defined start & end dates, budget, and resources.

 

Choice of PM solutions

Project Management ERP is available as dedicated/independent units, and also as an integrated module in most full-suite ERP software. It is preferable to opt for full-suite ERP software with integrated PM solution, which is a definite advantage for Projects that also involve Project Manufacturing, the manufacture of materials for the Project’s purpose.

 

Project Manufacturing

Projects that also include the production of material for its composition can only be digitized by full-suite ERP systems integrated with Project Management module. Almost the entire ERP, to be precise; the Supply Chain Management, Planning and Manufacturing, Cost Management, Plant maintenance, Budget Management, and Human Resources suites; and Business Intelligence service, perform in tandem with the PM unit to effectively and efficiently accomplish Project Manufacturing.

 

On-Time & Within-Budget Project Closure

High-end full-suite ERP software solutions like Roadmap ERP come with PM modules that are capacitated to calculate overall project costs as well as classified costs such as task-wise, milestone-wise, and resource-wise costs. This feature empowers Project Heads to apply necessary alterations to selective or overall expenses when and where required and ensure the completion of the project within its budget.

 

The module compares current project status with the actual plan and manifests the results of project history, project status, and project progress in the form of easy to interpret graphical representations of real-time Key Performance Indicators (KPIs); through Business Intelligence service. This enables Project Managers to adjust schedules or apply necessary alterations to resources to keep the project on track and actuate on-time completion of the Project.

 

Conclusion

Project Management ERP solution digitizes, integrates, and selectively automates back-office processes. Further, it ascertains the seamless flow of information to enable anytime access to real-time data; thus, empowering business decision makers and Project managers to make data-driven accurate decisions to actuate on-time and within budget Project completion. The ability of the system to evaluate the success rate of Projects and assess the quality of finished goods or solutions, based on certified standards and client approval statuses; makes sure that a history of Project success rate is registered and maintained, in order to serve as precedent for future Projects.