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Project Management
What is Project Portfolio Management (PPM)?
A lot of people may define Project Portfolio Management (PPM) as simply the centralized management of projects. But there is more to PPM than that. It focuses on methodologies, processes and techniques used for managing not only individual projects but also the organism that is the collection of all the projects in the pipeline. It helps decide which project should / should not be taken up at what time based on its profitability and viability. This approach to decision-making born from assessing potential returns on investments makes sure that the projects that are undertaken bear the best fruits. The systematic approach that collects all data and uses it for drawing forecasts and analysis to decide the best course of action in terms of managing the project portfolio adds great value.
While managing several projects, running into difficulties and complications is a certainty regardless of the level of experience and capabilities. This makes it necessary for organizations in today’s business world to be equipped with the best tools for project portfolio management. The right tools for project portfolio management will surely add tremendous business value.
Project Portfolio Management by StrategicERP
In today’s highly competitive business world, it is unaffordable to slip up in the smallest capacity when it comes to delivering output. Factors such as schedule adherence and resource utilization affect business performance hugely. In light of this critical need for Project Portfolio Management, we, at StrategicERP have developed a cloud and web-based Project Management software that will make managing multiple projects much more efficient.
StrategicERP’s PPM will provide better visibility, scalability, and enhanced ability to track and manage projects. It will serve as a great project management tool to help with project budgeting, getting better estimates, planning, and scheduling. Our project management software gives a centralized view of due dates, documents, and other essential information to manage the project pipeline with effectiveness and efficiency. Businesses can be more agile, and track and monitor projects better with the dynamic dashboards in this Project Portfolio Management software. Responsive actions can be taken with speed and ease with the help of these dynamic dashboards.
This centralized mechanism of monitoring and managing projects will boost productivity and yield optimal output. It will help view all projects (including potential projects) in the context of overall business objectives and goals. This enhanced ability to track progress and anticipate potential issues helps to instill confidence in stakeholders and keep them happy. Having this kind of big-picture view helps organizations to plan and execute projects efficiently.
Project Engineering
- Pre-defined WBS Library with BOM
- Multi-level Projects Breakdown structure
- Import/Export Project schedule from MS Project
- Monitor and Manage project progress with Gantt charts
- Actual Costing Summary and Material Reconciliation Report
- Provision for budget revisions and maintaining track records
- Multi-level WBS
- Track daily progress from the Mobile app with ease (with live images)
- Monitor Schedule variance and cost Variance with EVM (Earned Value Management)
- Monthly Break-up reports of Activity and Resources Planning
Contract Management
- Easy Work Order generation with multiple provisions-Line Item based, Payment Schedule based., and based on the BOQ imported in the Project Engineering Module
- Place restrictions on Work Orders for budgeted quantities, rates and amounts.
- Provisions for Advance Recovery Rules, Debit Notes and Credit Notes
- Direct quotation requests from the system to contractors, comparison of quotations from different contractors and shortlisting with a graphical interface
- Work orders have GST provisions
- Provisions for Work Order amendment
Purchase Management
- Master for Items, Units, Godowns, and Vehicle Measurement
- Goods Return Entry after Quality Test & verification of materials
- GIN (Goods Issue Note) to Project, Contractor, Godown, and Miscellaneous
- Generation of SRN (Service Receipt Note), GRN (Goods Receipt Note), and Purchase Requisition
- Easy bill generation
- Stock Report, Pending PRs, Stock Ledger, PR vs Issue, Goods Received Register, Issue Note Register, Pending POs for GRN, and Inventory Turnaround Report
Site Management
- Direct quotations from the system to suppliers
- Comparison of quotations from different suppliers
- Purchase Orders have GST provisions
- PO vs GRN vs Bill Reports
- Easy Purchase Order generation with provisions for restrictions on budgeted quantities, rates, and amount
- Shortlisting suppliers with a graphical interface
- Provisions for Purchase Order Amendment
- GRN based billing
The Fastest Way to Grow Your Business with the Leaders in ERP
Anamoly Detection
Anomaly Detection in ERP systems prevents fraud and errors by spotting abnornal patterns.
Word Suggestions
Words suggestions enhance data entry, reducing errors.
Conversational Bots
Chatbots streamline user interactions, improving experience.
ML Predictions
ML predictions optimize decision-making through trend analysis.
Document Scanning
Document scanning digitizes paper documents, stremlining data extraction.
Voice Commands
Voice commands and dictation boost efficiency in navigation and data entry.
Generative AI
Generative AI enhances automation and decision-making.
Voice Dictation
Voice dictation streamlines document editing, improving productivity in ERP systems.
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FAQ
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Project Management with StrategicERP
StrategicERP’s Project Management solution optimizes both individual and collective project oversight, focusing on profitability and viability to guide project selection. This advanced project management software integrates project tracking tools to enhance visibility, scalability, and efficiency. It offers a centralized view of project data, including budgeting, scheduling, and resource utilization, crucial for construction site management and other industries.
With dynamic dashboards and robust analytics, StrategicERP ensures better tracking and responsive decision-making, driving productivity and aligning projects with overall business goals.
Choosing StrategicERP for Project Management offers unparalleled convenience and efficiency:
- Mobile accessibility allows you to manage your projects on the go, ensuring continuous oversight.
- Simplifies project tracking with easy sharing and single-click updates, eliminating unnecessary steps.
- Enjoy robust security with SSO and OTP-enabled protection, and benefit from free storage to safeguard your data.
- Provides comprehensive project tracking tools to monitor your project pipeline, track schedule and cost variances, and generate daily progress reports, making it ideal for construction project management and other industries.
Take a further look at other StrategicERP crucial functions essential For Project Management:
StrategicERP is your partner in enhancing project management, particularly in the construction industry. Discover the key features that distinguish our solutions:
| Factors | Unique Benefits |
|---|
| Proven Industry Experience | Endorsed by top companies like RajPath, FabTech, Capacite, EMS, and Raj Group, our solutions are trusted for their reliability and efficiency in managing complex projects. |
| All-In-One Management Suite | Our platform simplifies lifecycle management, covering everything from initial budgeting to site management and financial tracking, providing a seamless workflow for project managers. |
| Unified Data Platform | Centralizes all project-related data, offering a comprehensive view that aids in quick decision-making and efficient management across all project stages. |
| Customizable Insights Dashboard | Create personalized dashboards tailored to specific project needs, allowing for real-time monitoring of key metrics and trends, enhancing strategic planning. |
| Tailored ERP Solutions | Designed specifically for the construction and infrastructure sectors, our ERP system addresses unique industry challenges with customized tools and features. |
| Intelligent Decision Support | Utilize AI-driven analytics for predictive insights, helping managers anticipate issues and make informed decisions, thereby optimizing project delivery and outcomes. |
| AI-Enhanced User Interface | Features such as voice command capabilities and advanced analytics streamline operations, making our ERP system user-friendly and highly efficient for day-to-day project management. |
| Comprehensive Support & Training | We offer detailed support during ERP implementation and ongoing training, ensuring that all users can maximize the benefits of the system and contribute to overall business success. |
Why StrategicERP?
StrategicERP excels in Project management by providing an all-encompassing solution that integrates data management, customization, and advanced AI technologies. Our system is tailored to meet the specific needs of the construction industry, ensuring streamlined operations and superior project outcomes.
Efficient Coordination & Management
Our unified platform promotes effective communication and coordination among all stakeholders, minimizing delays and errors. This holistic view of project data helps in identifying issues early and making timely, informed decisions.
Client-Focused Customization
We continuously enhance our offerings based on client feedback and market trends, ensuring our solutions are always aligned with your business needs. This client-centric approach guarantees that our tools are both relevant and highly effective.
StrategicERP’s Project Management solutions are designed to meet the unique challenges of modern project handling tasks. By integrating advanced features and providing extensive support, we help businesses optimize their project workflows, resulting in improved efficiency and better project outcomes.
Incorporating these features ensures your business can efficiently manage projects, enhance client relationships, and drive growth through intelligent automation and data-driven insights.
Centralized Platform for All Projects
- Project Management: Access all projects in one centralized platform for streamlined project management
- Multi-level Projects Breakdown Structure: Easily manage complex projects with a structured breakdown, crucial for effective construction project management.
Consolidating Customer and Lead Information
- Unified Database: Store and manage all client and lead data in a comprehensive database, ensuring quick access and better lead management.
- Enhanced Lead Management: Nurture leads efficiently with organized client information, increasing deal closure rates through effective project tracking tools.
Streamlining Site Management Activities
- Central Repository: Simplify site management with a central repository for property details, including descriptions, images, and pricing.
- Efficient Property Management: Categorize properties for easy retrieval, reducing response times and enhancing customer satisfaction.
Integrating Communication Channels
- Centralized Communication Hub: Integrate email, phone, and SMS within the Project Management for seamless communication and complete history tracking.
- Effective Team Collaboration: Share client information and updates effortlessly, ensuring no inquiry goes unanswered and boosting overall project management efficiency.
Automating Marketing Campaigns
- Marketing Automation: Set up automated drip campaigns, newsletters, and follow-up sequences through integration with marketing tools.
- Targeted Campaigns: Track lead engagement and tailor marketing strategies to individual preferences, boosting conversion rates through precise project tracking tools.
Advanced Methodologies and Processes
| Features | Description |
|---|
| Intelligent Lead Generation and Management | Utilize AI-powered algorithms for precise lead identification and quality assessment, prioritizing promising prospects. |
| Enhanced Customer Relationship Management | Optimize pre-sales and sales processes with AI insights on a J2FX platform for personalized engagement and efficient project management. |
| Predictive Analytics for Market Trends | Make informed decisions with predictions based on market data, identifying opportunities and mitigating risks. |
| Smart Property Management and Maintenance | Integrate AI and IoT for real-time monitoring and predictive maintenance, reducing costs and downtime. |
| Streamlined Financial Management | Automate financial processes with machine learning for accurate forecasts and fraud detection. |
Real-Time Data and Reporting
- Robust Analytics: Gain valuable insights into business performance, marketing effectiveness, and agent productivity through advanced project tracking tools.
- Informed Decision-Making: Use real-time data to optimize strategies and stay competitive in the market.
- Live Updates: Receive instant updates on project statuses for real-time progress monitoring.
- Comprehensive Reporting: Daily reports keep you informed and in control of all projects.
- Consistent Branding: Maintain cohesive messaging across all communication touchpoints for effective brand communication.
Seamless Integration with Other ERP Modules
- Powerful Integrations: Connect with modules like purchase management, financial management, and contract management for enhanced functionality in the management of projects.
- Well-Defined APIs: Ensure smooth integration with third-party applications, reducing manual data entry.
- Multi-Channel Campaigns: Launch cohesive campaigns across email, SMS, and social media within the software for effective construction project management.
StrategicERP’s Project Management solution is designed to revolutionize projects with advanced project management tools, project tracking tools, and comprehensive features. Leverage our cloud-based ERP for scalable, secure automation, and stay ahead in the competitive market.
StrategicERP revolutionizes the realm of Project Management with a suite of innovative features designed to optimize project selection, streamline operations, and enhance overall efficiency. Here's how StrategicERP's Project Management solution stands out:
Optimized Project Selection and Prioritization
| Features | What Perks You Get? |
|---|
| Visual Representation | Graphical interfaces provide project managers with a visual representation of supplier data, making it easier to compare and evaluate different suppliers at a glance.
Key metrics such as pricing, lead times, and quality ratings are presented in a visually intuitive format. |
| Efficient Decision-Making | By presenting supplier data in a graphical format, our software accelerates the decision-making process. This efficiency minimizes delays and ensures that projects stay on track. |
| Enhanced Collaboration | Graphical interfaces promote collaboration among project team members and stakeholders by providing a centralized platform for sharing supplier information.
This fosters transparency and alignment throughout the procurement process. |
| Customization and Flexibility | Project management software offers customization options that allow project managers to tailor the display of supplier data according to specific project requirements, ensuring decision-making is aligned with project objectives. |
| Resource Optimization | Streamlining the supplier shortlisting process frees up valuable time and resources that can be allocated to other critical aspects of projects, improving overall project efficiency and productivity. |
| Risk Mitigation | Efficient selection of suppliers through graphical interfaces reduces the risk of project delays and disruptions, ensuring that suppliers are carefully evaluated based on critical criteria. |
| Future-Ready Practices | Adopting cloud ERP systems equipped with graphical interfaces for supplier selection represents a forward-thinking approach, driving greater efficiency, collaboration, and success. |
Enhanced ROI Through Data Analytics
Leveraging AI and ML for Forecasting
AI and ML technologies in managing projects enable businesses to predict future trends, anticipate market fluctuations, and make proactive decisions to stay ahead of the competition.
Empowering Data-Driven Decision Making
Real-time analytics provided by AI-integrated Project Management software allow businesses to access up-to-the-minute insights and trends, enabling more informed and strategic decision-making.
Detecting ROI and Adjusting Campaigns
Project Management software empowers businesses to track and analyze campaign performance in real-time, allowing for quick assessment of ROI and identification of areas for improvement.
Advanced Forecasting for Contingency Planning
AI-integrated Project Management software offers advanced forecasting abilities, helping businesses anticipate future demand, identify potential risks, and prepare for contingencies effectively.
Key Advantages of Project Management Integration
| Features | How It Helps? |
|---|
| Centralized Information | All project-related data is stored in a single system, facilitating easy access and improved collaboration. |
| Resource Optimization | Comprehensive tools for resource planning and scheduling ensure optimal use of personnel, machinery, and materials. |
| Risk Management | Advanced risk management capabilities help identify potential risks early and implement mitigation strategies. |
| Performance Tracking | Continuous monitoring and reporting of project progress against predefined milestones and budgets. |
Streamlined Operations and Workflow
- Efficient Planning and Scheduling: Task lists, Gantt charts, and calendars help organize project timelines, allocate resources, set deadlines, and assign tasks effectively.
- Collaborative Communication: Real-time messaging, file sharing, and discussion boards facilitate seamless collaboration among team members.
- Task Tracking and Progress Monitoring: Built-in tools allow monitoring of task status in real-time, identifying potential bottlenecks, and taking corrective actions.
- Resource Management: Features for resource allocation, budget tracking, and workload balancing ensure efficient resource utilization.
- Performance Analysis and Reporting: Robust reporting and analytics features provide insights into project performance and help make informed decisions for future projects.
Improved Forecasting and Risk Management
| Features | Benefits |
|---|
| Tracking Risks in Project Management |
The Project Management app provides a robust framework for tracking risks, enabling project managers to identify, assess, and mitigate potential threats proactively. |
| Visual Representation for Monitoring Project Performance |
Gantt charts and Dashboards provide graphical depictions of project timelines, milestones, and dependencies, offering stakeholders real-time updates on project status, budget utilization, and resource allocation. |
| Enhanced Planning and Scheduling | Project management software streamlines meticulous planning and scheduling, generating project timelines and visualizing the entire project lifecycle at a glance. |
| Resource Allocation and Utilization |
Catalogues all resources, monitors utilization rates, predicts future resource needs, and ensures the project progresses without interruption. |
| Real-Time Data and Reporting | Provides real-time data and analytics, enabling early detection of potential delays or issues and generating detailed progress reports. |
| Collaboration and Communication | Built-in communication tools facilitate seamless collaboration among team members and stakeholders, ensuring everyone is aligned towards the project's goals. |
By incorporating these advanced features and leveraging AI-driven insights, StrategicERP's Project Management solution transforms how projects are managed, driving efficiency, collaboration, and success in the dynamic landscape of project management.
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Our Construction ERP solution features pre-configured workflows, tailored user roles, and advanced security measures, redefining excellence.
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StrategicERP from ITAakash Strategic Software (P) Ltd is a software platform for start-to-end process automation and information management systems customized for the Real Estate, Construction & Infrastructure industries. The product owes its cutting-edge to the core technology development team from IIT.
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ITAakash Strategic Soft. (P) LTD, 5th floor, D S Business Galleria, Near Huma Adlabs, Beside Toyo House, L.B.S. Road, Kanjur Marg (W), Mumbai, 400078 INDIA.