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A Fresh Look at Projects Sara Suhr QAD, Inc.. A Brief History of Project Management Elements of Project Costing Project Best Practices Types of Projects.

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Presentation on theme: "A Fresh Look at Projects Sara Suhr QAD, Inc.. A Brief History of Project Management Elements of Project Costing Project Best Practices Types of Projects."— Presentation transcript:

1 A Fresh Look at Projects Sara Suhr QAD, Inc.

2 A Brief History of Project Management Elements of Project Costing Project Best Practices Types of Projects A Fresh Look at how EAM Manages Projects Today’s Topics EAM-MAINT-

3 2011 2008 2005 1994 A little history to appreciate…

4 The “Olden Days” of Project Management Yet, today...

5 AP recorded 10 days? 20 days? 30 days? 45 days? How far over budget can you get in 45 days? WHEN do we know our costs? EAM-MAINT-

6 Purchase Costs only? Labor? Internal Materials? Subcontractor Services? How do you get True Acquisition Cost if you’re not capturing ALL of your costs? WHAT are the costs we know? EAM-MAINT-

7 ALL Project Costs In Real-Time In One, Integrated System Linked to Your Financials EAM is Designed to Capture... EAM-MAINT- So, let’s take a fresh look at EAM Projects!

8 Control project spend in real-time Provide task / job level controls Provide segregation of duties Reduce approval times Provide single source for performance tracking, including -Customer Reimbursements -Scheduled Supplier Payments -Margin Fresh! Project Best Practices

9 Accommodate increasingly complex financial controls Leverage all of the best practices in -Maintenance -Inventory -Purchasing Reduce dual-data entry Reduce reconciliation time Fresh! Integration Best Practices

10 Capital Projects -Profit enhancements -Increase capacity -Replacement Fresh! Project Type “Capital” Key Characteristic: Results in New Asset(s) Examples from your business?

11 Customer Funded -Tooling -Prototype -Very common in Automotive Verticals Fresh! Project Type “Customer Funded” Key Characteristics: - Customer owns Asset - Customer pays you to build new production line to produce a part for them. - Customer will reimburse you for the cost to build the new production equipment. - When project is complete, the production line stays at your facility, BUT you do not own the production equipment – the customer does. Examples from your business?

12 Expense Projects -Annual rebuilds -Marketing / Legal / etc. Fresh! Project Type “Expense” Key Characteristic: No Assets created Examples from your business?

13 ETO (Engineer to Order) Fresh! Project Type “ETO” Key Characteristics: - Build equipment to customer specifications - Scheduled reimbursement payments from customer - At completion of project, ship equipment to customer Coming Soon! More Enhancements to Support ETO Coming Soon! More Enhancements to Support ETO

14 Manage each type of Project Capture all costs Monitor each stage of cost lifecycle Track Scheduled Invoices / Payments Record Write-Offs Capitalize Interest Lock jobs and projects Create equipment / asset Periodic and final reporting Fresh! Details in EAM EAM-MAINT-

15 Let’s take a look at EAM… EAM-MAINT-

16 Multiple types of projects Electronic Approvals Multi-layered jobs Spending Controls Costs feed to QAD ERP -Purchase receipts -Material issues -Labor transactions -Other costs Real-time project reporting Lock and Close Review EAM-PCP1-680

17 Sara Suhr Supply Chain Solutions Center uhr@qad.com 563-370-6654 Questions EAM-MAINT-620


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