The Project Module supports the planning, monitoring and control of specific project management activities.
Implementing an ERP solution cannot be done without professional project management and an intense organizational effort from both the implementer and the customer. The implementation can prove to be difficult, much more difficult than expected by the customer and the implementer. The result is not as good as initially estimated. Why? Because the complexity of the approach is not taken into account and there are gaps in the way implementation is organised. Management skills differ from implementer to implementer and from client to client.
Microsoft, aware of this shortcoming, brings as a solution an implementation methodology, a set of tools to help in project management.
Through Microsoft Business Central, you can perform common project management activities, such as setting up a job and scheduling a resource, as well as providing the information needed to manage budgets and monitor progress. You can track machine and employee hours on the project using timesheets. As a project manager, you have a good overview not only of individual jobs, but also of the allocation of employees, machines and other resources used in all projects.
Among the features of the module we list:
* Define projects by phases and by elements to be consumed within the project, according to quantities and prices agreed with the client.
* Quantitative and value tracking of the deviations between what was budgeted/agreed and the actual consumption.
* Possibility to invoice on different phases of the projects, on a flexible price structure, either with those agreed in the contract or with those that are not known until the moment of invoicing.
* Allows the use of 5 methods of recognition and recording of unfinished production, in accordance with International Accounting Standards (I.A.S.).
* Projects can be tracked in different currencies
Cost: Reduce operational costs by being able to invoice on different phases of projects, on a flexible pricing structure and using 5 methods to recognise and record unfinished production.
Time: Saves time by defining projects by phase and by consumables within projects.
Risks: Reduces business risks through transparency of information – you can track variances between budget and actual consumption and track projects in different currencies
