Scheduling, Resourcing, and FP&A in one system - configuration considerations when deploying PPM ?

Using a single platform for project scheduling, resource management, and financial planning and analysis (FP&A) can provide a number of benefits to organizations. Here are a few examples:

1. Improved efficiency: By using a single platform to manage these key functions, organizations can streamline their processes and reduce the time and effort required to complete tasks. This can help teams work more efficiently and get more done in less time.
2. Enhanced visibility: A single platform can provide a centralized view of project data, including schedules, budgets, and resource utilization. This can help teams understand how different projects and resources are being used, and make informed decisions about how to allocate resources.
3. Better coordination: A single platform can facilitate communication and coordination between different teams and functions, helping to ensure that everyone is working towards common goals and objectives.
4. Reduced errors: By using a single platform to manage different functions, organizations can reduce the risk of errors and inconsistencies that can occur when using multiple systems.
5. Cost savings: Finally, using a single platform can help organizations reduce costs by eliminating the need to maintain multiple systems and licenses. This can result in significant cost savings over time.

Overall, using a single platform for project scheduling, resource management, and FP&A can provide organizations with improved efficiency, better visibility, and enhanced coordination, helping them to achieve their goals more effectively.

HIGH LEVEL Configuration considerations when implementing PPM as a single system for scheduling, resource management, and FP&A

When a company is using a single platform for project scheduling, resource management, and financial planning and analysis (FP&A), there are a number of configuration considerations and opportunities for efficiency gains that should be taken into account. These include:

1. Integration with other systems: It is important to ensure that the platform integrates seamlessly with other systems that the company uses, such as financial software or customer relationship management (CRM) systems. This can help ensure that data is consistent and accurate across all systems.
2. Customization: The platform should be customizable to fit the company's specific needs and processes. This may involve setting up custom workflows, templates, or reports to support the company's specific needs.
3. User access and permissions: It is important to establish clear roles and permissions for different users to ensure that only authorized users have access to sensitive data or features.
4. Data security: The platform should have robust security measures in place to protect data from unauthorized access or breaches.
5. Training and support: To ensure that users are able to make the most of the platform, it is important to provide training and support to help them understand how to use it effectively.

By considering these configuration considerations and opportunities for efficiency gains, companies can optimize the use of a single platform for project scheduling, resource management, and FP&A, and achieve significant efficiency gains as a result.

LOWER LEVEL detail on these configuration considerations

1. Integration with other systems: Ensuring that the PPM tool integrates seamlessly with other systems, such as financial software or customer relationship management (CRM) systems.
2. Customization: Setting up custom workflows, templates, or reports to support the company's specific needs and processes.
3. User access and permissions: Establishing clear roles and permissions for different users to ensure that only authorized users have access to sensitive data or features.
4. Data security: Ensuring that the PPM tool has robust security measures in place to protect data from unauthorized access or breaches.
5. Training and support: Providing training and support to help users understand how to use the PPM tool effectively.
6. Resource planning: Setting up the PPM tool to optimize resource planning and allocation across multiple projects.
7. Budget tracking: Setting up the PPM tool to track project budgets, including costs and revenues, to ensure that projects stay within budget.
8. Risk management: Setting up the PPM tool to identify and mitigate potential risks to the project.
9. Issue tracking: Setting up the PPM tool to track and resolve issues as they arise during the course of a project.
10. Document management: Setting up the PPM tool to manage and track project documents, including contracts, specifications, and other important materials.
11. Communication: Setting up the PPM tool to facilitate communication between team members and stakeholders by providing a platform for sharing updates, files, and feedback.
12. Approval processes: Setting up the PPM tool to streamline the approval process by providing a centralized place to review and approve project deliverables.
13. Resource forecasting: Setting up the PPM tool to help teams plan and forecast resource needs across multiple projects.
14. Capacity planning: Setting up the PPM tool to help teams understand their capacity and identify potential resource conflicts before they occur.
15. Reporting: Setting up the PPM tool to generate a range of reports to provide insights into project performance, resource utilization, and other key metrics.
16. Custom workflows: Setting up the PPM tool to support custom workflows to help teams follow consistent processes and minimize errors.
17. Collaboration: Setting up the PPM tool to provide a collaborative platform for teams to work together, regardless of location.
18. Mobile access: Setting up the PPM tool to provide mobile access to project data and features, allowing team members to stay connected and productive on the go.
19. Automated notifications: Setting up the PPM tool to send automated notifications to team members and stakeholders to keep them informed of project updates and changes.
20. Advanced analytics: Setting up the PPM tool to offer advanced analytics capabilities that can help teams understand and optimize project performance.

WHY CONSIDER CORA PPM (www.corasystems.com)

There are several reasons why someone might want to consider Cora PPM over the alternative options:

Unique features: Cora PPM offers features & capabilities that are not available in other tools, which would make it a better fit for your organization's needs.

Ease of use: Cora PPM is more user-friendly and easier to learn than other tools, making it a much more attractive option for organizations with limited training resources, larger user communities, or higher levels of staff turnover.

Customization & Configuration options: Cora PPM allows for more customization and configuration flexibility than other tools, which is a major advantage for organizations with specific or unique requirements.

Strong customer support: Cora offers excellent customer support, including training, onboarding, and ongoing technical assistance on a 7x24x365 basis, which would make your PPM tool a more appealing choice for organizations that value a high level of support and may need it to support global teams

If you would like to discuss Cora PPM, and our SPM (Strategic Portfolio Management) please drop me a note.?

Alan Crean | Project Financials, Systems, & Technologies Specialist?|?Cora?|[email protected]