Project Management
Vantagepoint enables you to proactively manage and deliver successful projects. It places your projects and clients at the center of your business so you can manage all aspects of your portfolio of projects from a single command center, the Projects hub. You have complete visibility into project financials and performance so you can keep every project on track.
In the Projects hub, which is a component of the Accounting module, you can do the following:
- Enter and manage the basic information for each of your enterprise's projects, including projects that you are pursuing but have not yet won.
- Enter service estimates, budgets, and contract information.
- Enter planning information for labor, expenses, and consultants.
- Forecast revenue.
- Establish billing terms.
- Review, approve, and track client invoices.
- Evaluate actual performance against project plans, contracts, and budgets.
- Related Topics:
- Projects Hub Applications
The Projects hub provides a suite of project management applications to help you set up, plan, budget, and monitor the progress of your projects. - Work Breakdown Structure
A work breakdown structure (WBS) divides each of your projects into distinct, manageable work elements in a way that balances management needs with the need to collect an appropriate and effective level of project data. - Project Management and Accounting
Project management applications and accounting applications are fully integrated. Accounting transactions affect both the general ledger and your project information. Your accounting and project records are always synchronized. - Labor and Expense Charges
After you enter project and employee information in the Vantagepoint hubs, you can begin processing project-related labor and expense transactions. - Project Budgeting
To get the most out of Vantagepoint project management capabilities, you should use the Budget application to establish budgets for your project's key components, including labor, expense, and overhead, and then periodically enter percent completes to reflect the project's current level of completion. - Project Reporting
Vantagepoint offers a variety of summary and detailed reports designed specifically for project management.
Parent Topic: Concepts