Blog Series IV: Project Management

Project management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time, ultimately deciding the growth of a business organization. The primary challenge of project management is to complete all the project goals within the given constraints. Information worded in project documentation, created at the beginning of the development process. The primary rules are scope, time, budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives.

A project is a temporary endeavor designed to produce a unique product, service, or result with a defined beginning and end, undertaken to meet individual goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects contrasts with business as usual, repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, project management requires developing specific technical skills and management strategies. Following are some of the ways to achieve success in an upcoming project:

 


Project Management through Microsoft Dynamics Business Central

Enabling integration between Microsoft Business Central into project management will ensure the timely administration of the project with results while ensuring a high level of customer satisfaction. The Microsoft Business Central shall improve trust and collaboration among supply chain partners, thus ensuring the growth of the business enterprise.

Following are the factors a Project Management System shall address with the  Microsoft Dynamics Business Central.

 

  1. Basic Resources

Keep track of resources and prices. Register and sell resources, combine related resources into one resource group or track individual resources. Divide resources into labor and equipment and allocate resources to a specific job schedule.

2. Capacity Management

 

Plan capacity and sales and manage usage statistics and the profitability of resources. Create your plan in a calendar system with the required level of detail and the period you need. Monitor resource usage and get a complete overview of resource capacity, including availability and planned costs on orders and quotes.

3. Multiple Costs

 

Manage alternative costs for resource and resource groups. Costs can be fixed, percentage-based, or an additional fixed charge. Define as many work types as you need.

4. Jobs

 

Track usage on jobs and data for invoicing the customer. Manage fixed-price jobs and time-and-materials jobs:

  • Create a plan for a job with multiple tasks and task groupings. Each task can have a budget and can be completed for whatever period you need.
  • Copy a budget from one job to another and set up a job-specific price list for item and resource charges and general ledger account expenses for the customer.
  • View suggested WIP and recognition postings for a job.
  • Plan and invoice jobs in multiple currencies.
  • Assign a specific job to a particular customer and invoice the job entirely or partially.
  • Use an assisted setup guide to set up jobs, quickly enter timesheets and job journals, and use the Project Manager Role Center to access everyday tasks, new charts, and the list of your jobs.
  • Use the Job page to access tasks, assign job ownership, and get visibility into costs and billings.
  • Use the Job Quote report to email a customer the price for a project quickly.–

 

5. Time Sheet

 

Register time spent and get manager approval using the flexible and straightforward Time Sheet. Time Sheet integrates with Service and Project Management and can include resources.

 

As companies look for innovative ways to respond to changing customer demands with the economy on recovery mode, they keep pressure for the upscale and upgrading ERP infrastructure to keep up with the order. Here Microsoft Dynamics 365 Business Central provides a handy approach to deal with the business process management needs through an integrated business support system. Microsoft Dynamics 365 Business Central is a cloud business application supported through partners like SIROCo. At SIROCo, we have over a decade of experience serving small to medium-size businesses with all business needs, including supply chain and project management. We support the unique needs of companies and have the expertise to customize Microsoft Dynamics 365 business central to fit your specific needs. 

References:

  1. The Definitive Guide to Project Management. Nokes, Sebastian. 2nd Ed.n. London (Financial Times / Prentice Hall): 2007. ISBN 978-0-273-71097-4
  2. Cattani, G.; Ferriani, S.; Frederiksen, L.; Florian, T. (2011). Project-Based Organizing and Strategic Management. Advances in Strategic Management. 28. Emerald. ISBN 978-1780521930.
  3. Dennis Lock (2007) Project Management (9th ed.) Gower Publishing, Ltd., 2007. ISBN 0-566-08772-3
  4. Young-Hoon Kwak (2005). “A brief History of Project Management”. In: The story of managing projects. Elias G. Carayannis et al. (9 eds), Greenwood Publishing Group, 2005. ISBN 1-56720-506-2
  5. David I. Cleland, Roland Gareis (2006). Global Project Management Handbook. “Chapter 1: “The evolution of project management”. McGraw-Hill Professional, 2006. ISBN 0-07-146045-4
  6. Martin Stevens (2002). Project Management Pathways. Association for Project Management. APM Publishing Limited, 2002 ISBN 1-903494-01-X p.xxii
  1. Morgen Witzel (2003). Fifty key figures in management. Routledge, 2003. ISBN 0-415-36977-0. p. 96-101.
  2. David I. Cleland, Roland Gareis (2006). Global Project Management Handbook. McGraw-Hill Professional, 2006. ISBN 0-07-146045-4. p.1-4 states: “It was in the 1950s when project management was formally recognized as a distinct contribution arising from the management discipline.”
  3. L. Harrison, Dennis Lock (2004). Advanced project management: a structured approach. Gower Publishing, Ltd., 2004. ISBN 0-566-07822-8. p.34.
  4. Mesly, Olivier. (2017). Project feasibility – Tools for uncovering points of vulnerability. New York, NY: Taylor and Francis, CRC Press. 546 pages. ISBN 9 781498 757911.
  5. Serra, C. E. M.; Kunc, M. (2014). “Benefits Realisation Management and its influence on project success and on the execution of business strategies”. International Journal of Project Management. 33 (1): 53–66.
  6. Conforto, E. C.; Salum, F.; Amaral, D. C.; da Silva, S. L.; Magnanini de Almeida, L. F (June 2014). “Can agile project management be adopted by industries other than software development?”. Project Management Journal. 45 (3): 21–34.

Microsoft Dynamics 365 Business Central Capability Guide: by www.microsoft.com