ERP for
project-based businesses plays a vital role in planning, managing and reporting data related to
the budget and scope of the project. Today, there are standard as well as
flexible Project Management ERP solutions available for project managers. With
the volatile nature of projects that are budgeted at millions or billions of
dollars, a made-to-order ERP solution stands out as the best answer for
operational efficiency.
Ambitious
projects need efficient processes
Factors such as budget, location, raw
materials, manpower, and other relevant data points vary as per the scope of
the project for project-based
businesses. Mumbai, a metropolitan city, is growing with several infra
projects such as metro rail services, flyovers, housing, commercial complexes
and more. The future travel technology project, Hyperloop will also be
operational soon.
High-value projects need a technology-powered
project management resource planning system in place. Some of the efficiency
capabilities that a good ERP software delivers are as follows:
·
Get Project Overview
A
project management ERP presents a complete view of the project including
project plan, cost, schedule along with milestones and deadlines. Resource
allocation can be done in a more systematic manner with a clear picture of what
kind of resources are required where and at what time. To ensure
accountability, names of roles responsible for managing the project tasks are
mentioned in the system.
·
Be Location
independent
Sometimes,
the scope of the project expands across geographies with key team members
operating from offices from different locations across the globe. Project
monitoring using mobile apps on smartphones and handheld devices ensures that
real-time updates of the project are available to key stakeholders with a
single click.
·
Monitor
Finances
Tracking
of finances is critical for the success of a project. There are several
instances where projects had to be shut down because of project costs exceeded
the budget and turned the whole project unfeasible to be pursued.
Well-designed
project plans cover planned and unexpected expenses. But ERP helps to track
those expenses and make the necessary changes in project plans so that any sort
of unnecessary cost escalation can be avoided on time with suitable
resolutions. Also, gain controlover your inventory and manage materials using a
single system.
·
Track
Individual Performance
OMNI, a
project management ERP solution, provides individual project performance
details to project managers. Senior management executives will find it easier
to determine the physical and financial contribution of each individual from
anywhere, at any time as required. Senior project managers can shift reporting
managers or workers to sites aligning with their capabilities based on their
performance.
Better
Projects with Project Management ERP
There is much more that can be achieved with
a Project Management ERP. Mumbai,
for example, has several projects. Contractors receive quotations from several
vendors for the procurement of raw materials. A project management ERP can
provide insights into the best quotes for project needs
based on predictive analytics. Project estimates can be drawn using quotes from
different vendors and the best quotation offer can be determined.
Find resource level data to manage projects.
Increase operational efficiency by saving costs putting idle resources to work
and updating plans as per changing project scenarios. Instead of losing time on
finding data, use the saved time to fine tune your processes by accessing all
the information that you need within a centralised system.
ERP eliminates data redundancy, reduces
documentation costs and eliminates human errors. At the same time, ERP provides
up to date project information to clients, vendors, office staff and site
personnel relevant to them. The simplified process helps project members to
function smoothly as well. By taking care of operational inefficiencies in
projects, ERP brings in enormous business value in terms of time and money to
the project owners as well.
--
OMNI project management ERP has been
successfully implemented by various project-based companies in India and
abroad. To know more about the flexible and mobile-friendly OMNI ERP solution,
contact ________
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