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Project Monitoring factors such as acts as performance measurement criteria’s for Project Managers and Senior Management to take proactive measure during the course of the Project.
- Cost Variance
- Schedule Variance
- Cost Performance Index
- Schedule Performance Index
- Estimate to Complete
- Percentage of Work Scheduled
- Percentage of Budget Spent
- Percentage of Work Accomplished
- Estimate at Completion
- Variance at Completion
The Edge ERP system thus can be termed as a “Reactive system” rather than just be a normal “Post Mortem analysis” product.
These features are of great use to contracting & construction companies and take care of various elements from labor & material to machine & overheads, for any project activity.
These features are of great use to contracting & construction companies and take care of various elements from labor & material to machine & overheads, for any project activity.
Tendering & Estimation
Tendering & Estimation is an integral part of the Project Cost Management module and allows to setup a list of Cost Codes in a Cost Code – Master file which can be further extrapolated into multiple levels (CSI Standards) until the definition of the final Cost activity. Each Cost activity is then mapped to the major resources involved in any company. We have classified the resources here in 5 major Categories (Equipment, Material, Labour, Sub Contractor & Overheads). The primary value (i.e. Cost) for each resource in each activity is listed in the master and the total value of the activity is automatically calculated.
Now, when the BOQ and Design are sent by the customer for Tendering, An internal ‘Estimation’ process starts where the BOQ elements can be mapped against the Cost Codes and then “Overheads” and “Profit Margin” can be apportioned to each Cost Activity by percentage value of that activity on the complete BOQ. This will populate an Internal Tender which can then be finalized and submitted to the Customers.
(Note: During the Tendering stage, the system can be checked for consistency of Cost Activity on 3 levels – Cost Code Level, Resource Level and BOQ Level).
After the Project is awarded, the Preliminary Estimate without Overhead and Profit Margin will be mapped as a Budget to track against the actuals.
Budgeting & Cost Controlling
Budgeting & Cost Control is an integral part of the Project Cost Management module that allows preliminary determination of service types and partial plans that should be included in the organizational budget. The budgeting process will start with the entry of planning data, either manually or by transferring data from the preceding year’s budget.
Budget development typically serves to implement short term operational planning (a time period ranging from a few months to at most three years). However, the Edge ERP System’s Budget Management module will also allow for medium term (tactical) and long term (strategic) planning.
Sub-Contractor Management
Sub-contractor management is an integral part of the Project Cost Management module including the creation of agreements, Purchase Orders, Payment Certificates and reports.
Features
| Financials | Standard | Professional | Enterprise | |
| Projects & Cost Centers | x | x | ✓ | ✓ |
| Sub-Projects | x | x | ✓ | ✓ |
| Project Sites | x | x | ✓ | ✓ |
| Project Alerts | x | x | ✓ | ✓ |
| Project Milestones | x | x | ✓ | ✓ |
| PBS - Project Breakdown Structure (Cost Codes) i* Project Execution Template - Define Major Facilities > Sub-Facilities > Work Items > Tasks > Work Packages | x | x | ✓ | ✓ |
| Add Material Resources to PBS i* Linked with Edge Inventory | x | x | ✓ | ✓ |
| Add Logistical Resources to PBS i* Linked with Edge Assets | x | x | ✓ | ✓ |
| Add Sub-Contractor Work Resources to PBS i* Linked with Edge Sub-Contractor | x | x | ✓ | ✓ |
| Add Manpower Resources to PBS i* Linked with OBS (Organizational Breakdown Structure) | x | x | ✓ | ✓ |
| OBS – Organizational Breakdown Structure | x | x | ✓ | ✓ |
| Tendering | ||||
| Pre-bidding Client | x | x | ✓ | ✓ |
| Tender Creation | x | x | ✓ | ✓ |
| Tender Import from Excel | x | x | ✓ | ✓ |
| Tender / BOQ Grouping | x | x | ✓ | ✓ |
| Tender Revisions | x | x | ✓ | ✓ |
| Estimation | ||||
| Create Detailed Estimations i* Attach PBS Cost Codes & Resources to each Tender BOQ line item as required | x | x | ✓ | ✓ |
| Estimation Revisions | x | x | ✓ | ✓ |
| Copy data from existing Estimations | x | x | ✓ | ✓ |
| Define Markup per BOQ | x | x | ✓ | ✓ |
| Define Overheads & Indirect Costs | x | x | ✓ | ✓ |
| Breakdown Summary of Resources | x | x | ✓ | ✓ |
| Budgeting | ||||
| Create Project Budget | x | x | ✓ | ✓ |
| Project Budget Revisions | x | x | ✓ | ✓ |
| Track Purchases against Budgets in Real-time | x | x | ✓ | ✓ |
| Project Progressive Invoicing | ||||
| Client Payment Certificate – CPC | x | x | ✓ | ✓ |
| Advance & Last CPC | x | x | ✓ | ✓ |
| Current Work Done (% & Value) | x | x | ✓ | ✓ |
| Advance Deductions | x | x | ✓ | ✓ |
| Retention Deductions | x | x | ✓ | ✓ |
| CPC Revisions | x | x | ✓ | ✓ |
| Retention Invoicing | x | x | ✓ | ✓ |
| CPC Account Settings | x | x | ✓ | ✓ |
| Sub-contractor | ||||
| Sub-contractor Creation | x | x | ✓ | ✓ |
| Sub-contractor Agreement | x | x | ✓ | ✓ |
| Sub-Contractor Payment Certificate (SCPC) | x | x | ✓ | ✓ |
| Reports | ||||
| Tender Details by Package & Resources | x | x | ✓ | ✓ |
| Budget Details & Summary | x | x | ✓ | ✓ |
| Project Accounts Ledger | x | x | ✓ | ✓ |
| Projects Summary | x | x | ✓ | ✓ |
| Project Cost Analysis | x | x | ✓ | ✓ |
| Project Revenue Analysis | x | x | ✓ | ✓ |
| Budget v/s Actual | x | x | ✓ | ✓ |
Screenshots
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Are you looking for an ERP system that can cater to all your organizational requirements? We believe our system is one of the best – simple, intuitive and cutting edge.
Call us today and schedule a demo to see how Edge ERP can help your business grow!
Call us today and schedule a demo to see how Edge ERP can help your business grow!
Call us today on 800 EdgeERP (3343377)