Why should Project-based companies adapt to Microsoft Dynamics 365 Project Operations?
Most of the companies wanted to track the project expenses and the completion of the Project on the planned date. Project operations are handled by the project management office and integrated with all the operational, functional departments for the completion of the successful Projects. The challenges faced during the project execution are
- Precise Budget and Forecasting Method.
- Milestone completion of any Project
- Revenue Recognition every month for the accrual of the revenues
- Detailed Work break down structure for the Project
- Resource Maintenance and 100 Percent utilization of Resources
- Accommodation of Direct and Indirect cost for the Project
Microsoft Dynamics 365 Project operation integrated with the Financial modules helps the project-based companies to leverage the 360-degree optimization of the Project Management and Accounting.
Dynamics 365 Project Operations supports different types of Projects from Fixed prices to Time and Material projects and internal Projects to maintain cost-only Projects. Project Modeling help to differentiate different project structure within a Project Contract.
Project Work Breakdown Structure:
Dynamics 365 Project Operation helps the project managers define and Integrate Microsoft Project software with the Project operation module to determine the WBS in the System automatically. The Work break structure helps to segregate different types of expenses accordingly in the Project’s planning phase.
Project Budget and Forecasting :
Project Managers can derive the planned cost for each task in a Project based on the work breakdown structure, which is required to derive the financial project Budget and Forecast from the Planned work breakdown structure. A percentage of the planned cost can extend the Budget. The Project Budget is allowed to activate only after the approval of the Financial controller of the Project.
Project Scheduling :
One of the Project managers’ significant challenges is integrating with different resources in functional operational departments. Microsoft Dynamics 365 Project operations detailed Resource scheduling helps the project managers have transparent visibility on the Project’s resource utilization.
Every Project-based company needs to have a Monthly revenue recognition mechanism for any Long term Ongoing project. Microsoft Dynamics 365 Project Operations support revenue recognition mechanisms based on different Financial procedures in the industry.
Please feel free to contact us for a quick demo. Peruteck Technology Services is a UAE-based Microsoft Dynamics 365 Implementation Partner specialized in modern digital transformation specialist with a wide range of experience in Dynamics 365 F & O, Dynamics 365 Sales, and Business Intelligence Partner in UAE.