Project Variation Management Solutions with Noveco epm

Transcription

1 Project Variation Management Solutions with Noveco epm

2 Integrated Project Management in SAP * Project Reporting Profit Take (Result Analysis) Dashboard reporting Portfolio Planning Reporting and Analysis Monitoring and Forecasting * Project Manager Workbench Financial Monitoring Cost To Complete management In-built Analytics Drilldown reporting Planning and Execution Project Builder Cost & Revenue Planning Project Dates Scheduling * Project Variation Management * Noveco Applications

3 Noveco epm Variations What it does: It Records project variation details, costs, revenue, profit, reference documents, text One Variation document can be assigned to many project WBS elements or Network activities It automatically updates Project Forecast Costs and Budgets according to its status Revenue Variation: It automatically updates existing Sales Order item It can automatically create new Sales Order item It automatically updates Project Revenue Plan Tracks project history: changes to project Estimated cost At Completion (EAC) and costs to complete (CTC) is recorded with reference to variation number Fully integrated with Project reports

4 Noveco epm Variations What it does not: It does not create new WBS or Network activities (you still need to use Project Builder to add new project elements) It does not stop you from posting actual costs from variations

5 Variation Management Functionality Overview Variation Management Workbench Cost Variation Revenue and Cost Variations

6 Variation Management Workbench at a glance Variation Number and Status Variation Header Revenue Items Project hierarchy Costing items for selected revenue item List of existing variations All information is on one screen Minimum clicks, maximum business content Automatic project updates from status changes

7 Variation Management Functionality Overview Variation Management Workbench Cost Variation Revenue and Cost Variations

8 Solution Concept: Cost Variations Project Structure Original Budget Cost Variation Current Budget WBS: C-001-X Construction Labour 10,000.0 USD Project Manager 5,000.0 USD Original Budget Project Manager 2,000.0 USD New WBS: C-001-X01-3 Variation Sub-contracted labour 10,000.0 USD Create Variation document to record variation details Plan Cost as line items and assign them to existing or new project WBS elements or Network activities Assign variation status Automatically update project Budget and Cost Forecasts Variation No.# Status: Approved Total Cost: 12,000.0 USD Costing Items: Project Manager 2,000.0 USD Sub- contracted labour 10,000.0 USD

9 Cost Variation Create Assign Status Pending Approved Plan Cost line items: Internal labour Material No. or Material Group Service No. Variable cost line Assign costing Line Items to Project WBS or Network Activities

10 Cost Variation Create Assign Status Pending Approved Variation Status controls update of Project Budget and Cost Forecast Status CREATED -> No Budget or Forecast update

11 Cost Variation: Status PENDING Create Assign Status Pending Approved

12 Automatic project update: pending cost variation Variation is saved Project is automatical ly updated Pending cost variation value is updated automatically

13 Cost Variation: Status APPROVED Create Assign Status Pending Approved In epm Configuration you can define actions on status change: When Approved -> Update Budget When Approved -> Update Forecast Select Do not Update Forecast if you don t want Budget or Forecast to be changed. You can always choose Yes Update.. when it is needed.

14 Automatic project update: approved cost variation Variation is saved Project Budget and forecast are automatically updated from Approved variation Project is automatically updated

15 Tracking project changes Project Forecast Change history captures the automatic forecast change

16 Variation Management Functionality Overview Variation Management Workbench Cost Variation Revenue and Cost Variations

17 Solution Concept: Revenue and Cost Variations Project Structure WBS: C-001-X Revenue 100,000.0 USD Revenue Variation 20,000.0 USD Orig. Revenue Original Budget Original Revenue Cost Variation Revenue Variation Current Budget Current Revenue Construction Labour 10,000.0 USD Project Manager 5,000.0 USD Original Budget Project Manager 2,000.0 USD Variation No.# Status: Approved New WBS: C-001-X01-3 Variation Sub-contracted labour 10,000.0 USD Total Revenue: 20,000.0 USD Total Cost: 12,000.0 USD Total Profit: 8,000.0 USD Revenue Items: Revenue Variation 20,000.0 Similar to Cost Variations you can plan revenue variation as revenue line items and assign to revenue or billing WBS element Upon approval you can update: WBS Revenue plan or a Sales Order Costing Items: Project Manager 2,000.0 USD Sub-contracted labour 10,000.0 USD

18 Revenue Projects: Solution Concept Project Structure WBS: C-001-X01 Sales Order Variation documents WBS: C-001-X01 WBS: C-001-X01-3 Variation Project N: C-001-X01 Sales Order: 5678 Purchase Order: /10 Revenue Plan: 10,000.0 USD Cost Plan: 7,000.0 USD Profit: 3,000.0 USD Total Revenue Plan including Revenue Variation Revenue Variation Original Revenue Revenue WBS: C-001-X01-3 Variation Total Project Budget including Cost Variation Variation impact on project Revenue, Budget and Cost Forecast Original Budget Cost Variation Costs Cost Forecast at Completion and to Complete

19 Revenue and Cost Variation In epm configuration you define a variation type to manage both Revenue and Costs You create a revenue item (or several items) and assign costing line items to a revenue item You can see Revenue, Costs and Profit to be made for each revenue variation item

20 Revenue Variation You can view cost and revenue allocation in the project structure You can assign exisang Sales Order item or create a new sales order variaaon item Sales Order will be updated automaacally

21 Revenue Variation: second revenue line Total Values from two revenue items are displayed in the project hierarchy Add second revenue line and new Sales order item Plan costs, revenue and profit for the second variation line

22 Pending Revenue Variation Variation is saved Project is automatically updated

23 Revenue and Cost Variation: Approved You can choose not to update Revenue, Budget or Forecast if it is not necessary at that stage In epm Configuration you can define actions on status change: When Approved -> Update Budget When Approved -> Update Forecast

24 Approved Variation Project Updated Variation is saved Project is automatically updated

25 Workbench Variation and Issues tab

26 New: Noveco Comprehensive Project Reports

27 New: Run Noveco Project report for several projects

28 For more information visit Noveco Systems on Novecosystems.com