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Published byAndrea Reynolds Modified over 8 years ago
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A Fresh Look at Projects Sara Suhr QAD, Inc.
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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-
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2011 2008 2005 1994 A little history to appreciate…
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The “Olden Days” of Project Management Yet, today...
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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-
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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-
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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!
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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
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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
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Capital Projects -Profit enhancements -Increase capacity -Replacement Fresh! Project Type “Capital” Key Characteristic: Results in New Asset(s) Examples from your business?
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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?
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Expense Projects -Annual rebuilds -Marketing / Legal / etc. Fresh! Project Type “Expense” Key Characteristic: No Assets created Examples from your business?
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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
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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-
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Let’s take a look at EAM… EAM-MAINT-
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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
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Sara Suhr Supply Chain Solutions Center uhr@qad.com 563-370-6654 Questions EAM-MAINT-620
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