Costing & Project Management
Features
- Administration – BOQ, Costing & Project Management:
- Set up of Parameters for Material, Labor, Machine, Sub contract and Over head.
- Estimation, Control and Actual and Cost variances.
- Caption and field value setup to manage project as per organization requirements.
- Estimation cost – Standard cost, Weighted Average cost, Actual cost or Last Purchase cost for all elements.
- Product Cost calculation – using Formula, Algorithm, Field value and Constants.
- BOQ/BOM data import facility.
- Integration with other project management tools.
- Routed posting with WIP and material in transit facility.
- Deferred revenue booking and realization.
- Detailed payment schedule for payment schedules and late fee, interest calculation and retention.
- Costing , Budget & Variance Analysis:
- Extended Estimation based on industry and standards.
- Activity based setup and configuration.
- Control on set project/product control, top up and revision.
- Estimation based on component level or consolidated based on volume, weight, size or any field value.
- Area wise and product wise exploration.
- Set product cost calculation based on standard cost and last purchase price.
- Costing consolidated, detailed, elaborated also variance analysis, comparison and slag valuation.
- Costing in details on material used, worksheet and machine time sheet.
- Work-in progress and Revenue realization.
- Fully connected with Financial accounting.
- Job Management:
- Company, Cost center, Division wise management.
- Job creation and cost allocation.
- Link with Work order/Job order.
- Track activity/BOM/BOQ with process level and task level.
- Tracing Job/Project stage – Active, Completed, Hold and Closed.
- Over head allocation based on set criteria – Quantity, Cost and Value.
- Project Tendering, Workflow and Approvals.
- Linked Order processing modules.
- POC and Job realization on revenue and cost and automated journals.
- Revisions, add-on options.
- Project Planning & Control:
- Useful for Projects, Contracts, Services and Time & Billing.
- BOQ and activity based project management.
- Set process type and target for start and end.
- Fully automated, semi automated or manual project planning and scheduling.
- Rescheduling, Revision and Variations.
- Control on cost – Material, Labor, Machine, Sub contract and Overhead.
- Control – Excess/Over cost warning, Alerts and Acknowledgment.
- Graphs, Charts and Diagrams.
- Historical data management for the new projects estimation.
- Fully connected with all other modules.
- WBS & Scheduling:
- Explore project/job as much as in detail and requirement.
- Facility to derive cost per area/component using Formula and Algorithms and Field values.
- Manage Estimation with control or actual – connected or separately.
- Use cost as per requirement and nature.
- Track operation status and update.
- Revision and documentation.
- Project completion document.
- Project certification & QC.
- Project Review.
- Project closing.
- Project Invoicing – Progressive & Lump sum:
- BOQ Details with Import facility.
- Link to Inquiry, Offers, Work Order, Delivery Modules.
- BOQ parameters setups with Filed value and Formula setting with schedule printing – Area, Section, Finish, Type ( Field rename option).
- Claimed Percentage association with Quantity and Value, Quantity or Value or Lump sum method.
- Order amendments, BOQ revision and cancelation.
- Managing Retention, Advance, Discount and Payment/ Receipts association while doing Progressive Invoicing.
- Variance reporting on BOQ Quantity, Claimed Quantity, Invoice Quantity and Balance.
- Multiple Payment Certificate/Invoice template. Can customizable as per requirement.
- Detailed level tracking on BOQ – Material, Labor, Machine & Sub Contract Planning.
- Production association with BOQ and Component level delivery and non delivery.
