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How Better Project Planning Leads to Improved Working CapitalDiscover how Project ERP software can improve Estimated Time to Completion on projects and visibility for greater working capital.

How better project planning leads to improved working capital

What you need to planHave you ever wondered why the right Project ERP software is so important in Professional Services firms? The top four deficiencies in project plans are:

1. Incorrectly estimated activity durations – 63%2. Incorrect assumptions regarding resource availability – 52%3. Inadequate assignment of activity accountabilities – 51%4. Missing or incomplete review and approval activities – 47%KPMG Consulting

How better project planning leads to improved working capital

Better capacity planningBusinesses need to understand and manage capacity efficiently if they are to boost working capital - ideally by addressing these deficiencies. If data is inaccurate, keeping projects profitable becomes little more than guesswork.

How better project planning leads to improved working capital

45% of respondents ranked capacity management - knowing the skills and hours or days they have to sell - as one of their most significant challenges.

Forrester Report

How better project planning leads to improved working capital

The right tools for the jobWhich is where Project ERP software can help by:

• Giving you a holistic view of all projects and resources.• Using data for more accurate reporting and ETC

(estimated time to completion).• Improving resource utilisation with information from

outside the current project.• Making all metrics available for use by management and

setting measurable KPIs.• Ensuring milestones are met and invoices are sent faster.

How better project planning leads to improved working capital

The benefits of Project ERP softwareOnly with granular insight into every activity and resource is it possible to make the efficiencies required to boost working capital.

How better project planning leads to improved working capital

Best in class firms who use project-based ERP have boosted their working capital through:

• Visibility of lifecycle processes across customers, projects and employees.

• Finding the “right” customers and having the data to eliminate unprofitable customers.

• Optimising profitability and lowering risks.

IDC Report

How better project planning leads to improved working capital

Using Project ERP software can give you the ability to meet KPIs such as increasing working capital.

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The right project ERP software can help you increase capital, download:

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