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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 capabilit...

For EPC project companies, there is lot more to project management than just pitching and winning projects. When contractors think about new projects, they have to start with an effectively prepared project estimate. They have to plan thoroughly to come up with a project cost that’s viable to them. No doubt, today’s businesses use  ERP for constructions  to simplify their project planning process. Let’s look at five factors that EPC contractors have to consider while starting a new project. 1.   Project Cost Estimation While preparing your EPC contracts, you need to considerthe cost of several components to add up the estimated project costs. Some of these components are: · Detailed designs of everything to be constructed · Site survey costs · Directs costs such as fixed labour · Indirect costs · Cost of procurement of materials and machinery · Overhead costs While calculating project costs, you should aim to get it as accurate as possible. The fact ...

As your construction business grows, you have more and more projects to manage. While you do have the option of investing in extra hardware that can upgrade your IT infrastructure, you can explore the benefits of cloud computing with a cloud-based project managementsoftware . Why infrastructure matters for project management? In the project management industry, there are many businesses who stay abreast of the latest technologies. These companies plan their upgrades to deliver projects that are cost-efficient and manage to gain greater profitability than other projects. Why? The reason is simple, the other companies want cost-efficiency but wait too much before upgrading their IT infrastructure. By the time they upgrade, the technology has changed. Then, they start thinking again. Meanwhile, the ones who moved forward have already benefited from their earlier upgrade and are ready for the latest upgrade. But wait! This doesn’t mean that you should be pouring in money o...

Progressive businesses implement the best softwarefor contractors but are the users ready for the change in their infrastructure. The change can impact your business in many ways. To make the most of an ERP software, user training is essential. Let’s discuss about the need for ERP and the importance of user training for ERP-powered businesses. Changing the work culture with automation An ERP implementation doesn’t take place in an organisation without a reason. The business leaders in a company identify the inefficiencies in their workflow which affects the organisation in many ways. ·          The manual processes or semi-automated processes are unable to solve customer issues and business challenges on time. ·          The talent of the human workforce is getting wasted with manual processes such as data entry that can be automated to a great extent. ·       ...

Every construction project comes with a specific budget. To ensure the project is within the budget, you need to prepare an estimate of costs that are involved in the project.  ERP for constructions  empowers businesses with the systematic project costing, ongoing cost management, performance tracking and vendor management. An ERP solution for the construction industry mitigates risks related to the budget and does a lot more by taking care of the following 4 business functions: Project cost estimation: Project estimates have to include the anticipated cost of unexpected scenarios that lead to project delays and add to expenses. All direct and indirect costs including expenses related to manpower and materials have to be considered. Cost of outsourced work is also part of project estimates. Earlier, there were manual processes to gather estimated costs that took time and effort.All the components required for automation of the entire project cost estimation are inco...

In the fast-paced, globalised world of today, you need a solution such as ERPfor constructions to take care of your purchase management. Slow purchase order processes can affect your business and impact your profitability. Let’s take a closer look at how purchase management works in the construction industry and the ways purchase automation can benefit your business. Significance of purchase management in construction If you are an experienced construction management company, you will be having a purchase policy in place. For small businesses where purchase is managed by a single purchase manager, the complications are less. The reason is there are not too many people involved in the purchase process and projects are less. However, for an organisation with multiple projects, there is a purchase process for ordering, buying and receiving materials. The purchase department determines the quantity and quality of materials to be purchased. They maintain the records and perform...

Today, every business is data-driven. Are you ready with an automated workflow to take advantage of the enormous data your business is generating? Several businesses are already ahead of their competitors by implementing the best construction management software suitable for their organisation. The construction industry is diverse with several verticals.   The key areas that operate in the construction industry are civil engineering, carpentry, tunnel work, roofing, bridge construction, scaffolding, industrial furnace construction, structural work, general construction etc. Futuristic designs lead to more specialised construction departments such as green building solutions, prefabricated 3D components etc. Construction work isn’t final till all the finishing work is done. To provide necessary finishing to the constructed buildings, services required can be ventilation, floor and tile work, gas and water lines, interior decoration and more. The various verticals of the ...