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ERP Project Management: Deliver Projects On-Time & Within Budget

Year 2022
November 2022
ERP Project Management: Deliver Projects On-Time & Within Budget
29 Nov 2022

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In any project-based organisation, manually managing all sectors of a complex project is definitely strenuous. This impedes to meet deadlines and/or to meet the allocated budget for a project. And the obstacles would result in missing critical tasks, to exceed the average budget which in return impacts the company’s revenue. Precisely, this is the reason why construction software exists — to help plan out, execute, and supervise throughout the whole process of project management.

If you are using spreadsheets to manage your project’s time and budget, then it’s time for you to consider implementing an ERP Project Management software to stay ahead of your numbers. With Enterprise Resource Planning (ERP), you can efficiently manage your projects and your entire business processes. Managers would be able to monitor the budget, critical tasks, check what has been done, what to do, and update the team in real time through the use of ERP.

So, how can ERP Project Management software — such as TaskHub ERP, SAP ERP or Singapore ERP help you deliver your projects on time and within the allocated budget?

1. Control & Estimate Budget

Using TaskHub ERP Project Costing Solution, you will be able to set a budget for resource usage costs – including labor, outsourced service, and material throughout every phase/subphase. Every cost incurred will be counter-checked against the allocated budget amount to ensure that the project cost does not exceed.

2. Auto-Compute Estimated Project Profitability

In order not to under-quote or overbid for your projects, it is important to calculate the estimated profitability of every project before starting one. By initially specifying what resources you require for it, TaskHub ERP Project Management software will auto-compute the profitability to give you an idea of your profit level. The ERP will help you make adjustments to each project bid amount ahead of time.

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3. Accurately Allocate Costs to Projects

In order to accurately capture costs incurred in a project (e.g. material, manpower, employee claims, etc.), TaskHub ERP is integrated into procurement, timesheet, and employee claims modules. This helps you allocate and stick to the budget cost.

4. Equipment Usage Tracking On Site

Using construction software like TaksHub ERP, Project Managers will be able to track available or used equipment on site. This helps expedite delivery and utilise available equipment effectively.

5. Track Progress of Job Site Projects

Tracking workers’ progress for each site is made more convenient with TaskHub ERP since it’s accessible using mobile devices. Tracking progress is very critical in order to avoid delays in delivery which in the long run affects customer retention and the company’s revenue.

A centralised and integrated ERP System significantly improves the productivity of workers. With the right construction ERP software, any company can manage all their projects well and effectively complete them on-time and within budget with greater accuracy.

In conclusion, effective ERP project management is the key to timely, budget-friendly success. Ready to elevate your project game? Explore the benefits of Synergix Technologies ERP System and take your projects to new heights. Streamline, succeed, and thrive with us!

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