Cost and budget control
Cost management and budget control is often one of the trickiest parts of the project management process. Planisware 5 simplifies budget control and cost management by enabling users to track ongoing internal and external costs with a variety of different cost units, as well as define various currencies and labor rates.
The software allows users to easily track costs through reports and tables that reflect budget changes and the subsequent affects. Furthermore, an advanced billing and invoicing module supports any user-defined resource cost rates and cost escalations, as well as supports entire invoicing cycles – ensuring that all ingoing and outgoing resources are accounted for in the overall budget.
Contract and project proposal management
Before projects are approved and executed, managers must often put together proposals that outline expected parameters, including costs, resources and schedules required.
Planisware 5 facilitates ongoing management of these proposals and contracts – from the beginning planning phases through project execution – via performance metrics, cost reports, and resource allocation tools.
Furthermore, the solution consolidates information regarding contract performance at the portfolio level, thus enabling executives to monitor existing activity, as well as assess the overall value of the project pipeline.