PM Performance Forecasting Overview
It all begins with data
Project Selection
Using a phone, tablet or computer, Project Managers log into the PM Performance system and are presented with their list of assigned projects.
To keep Project Managers on schedule, the system also notifies them when forecasts are due based on your company's forecasting cycle. Weekly, bi-weekly, monthly - PM Performance allows you to set the schedule and keep an eye on your Project Managers and what forecasts have been completed or are overdue.
Project View
After selecting a project, the Project Manager sees each Cost Code and Cost Type that require forecasting. As they forecast the cost codes they can view summary information about the job.
Contract Values
Once all the Cost Codes have been forecast, the Project Manager also sets forecasts for Change Requests and Budget revisisions to reflect their expectations of total revenue and cost for the project. By setting these values, PM Performance Forecasting will be able to generate a Pre-WIP report that can save you a significant amount of time in generating monthly reporting.
CFO/Operations Manager
After the forecast has been submitted by the Project Manager, the CFO or Operations Manager can now review the forecast, view historical data about the project including past forecasts, adjust the forecast at the Cost Code level or separately adjust the Budget or Contract values to align the project with your organizational targets. Once any review or adjustments are complete - the CFO/Operations Manager submits the completed forecast and our system writes that data back to your ERP to keep any internal reporting up to date.
Reporting
PM Performance Forecasting includes a fully-featured reporting engine that can create a wide variety of reports to support your processes. In addition to basic reports like Job Margin and Status Report, we offer reports that allow you to view Forecast Variance across all of your jobs, track Project Manager performance over their entire project lifecycle and other data points exclusive to PM Performance Forecasting.
WIP Prep
Most importantly, PM Performance Forecasting generates a full WIP Prep report that exports to Excel. The WIP Prep provides a full set of data from all active jobs and provides your financial team with a way to quickly and easily create your monthly WIP report in whatever format you desire. By supplying you with fully forecasted data we can save dozens of employee hours every quarter in WIP Prep alone.
Pricing
Unlimited Users, ERP Integration, Two-Way Data
All for one low price
$1,000.00
Setup Fee
One-Time Charge
- Training
- Installation
- One Custom Report
- Support
- Customization Options
$600.00 / Month
License Fee
Charged Annuallly
- Unlimited Users
- Installed inside your network
- Ongoing Support
- Stores Forecast data
Questions?
If you have any questions about these products or you need a custom solution to address a process specific to your organization, reach out to our team.
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