IFS PROJECTS™

Our project components, together with the other IFS components, provide a completely integrated set of tools to manage the complete project lifecycle. Fully integrated with other IFS components such as Financials, Procurement, Inventory, Customer Orders, Manufacturing, Engineering, Human Resources, Document Management, and Asset and Service Management, the solution is used by many types of businesses who use project principles to manage their business, including project-based manufacturing, engineering, construction, contracting and infrastructure, and development and R&D organizations.

IFS /Project Reporting™ allows project cost transactions to be processed against a project including time, expenses, materials and other types of miscellaneous costs. The component is also used as the basis for billing clients where reimbursable contracts are needed. Price lists can be attached to projects to define what rates are to be used.

IFS/Sales Contract Management™ provides lifecycle management of a sales contract from bid and tendering through completion and handover. The component also includes application-for-payment functionality and keeps control of defined mark-up and retention rules, certificates, and payments. Invoices and applications can be generated based on a number of flexible options including progress, quantity, sales value, cost plus and milestones. Reimbursable project invoicing is also supported. The component has strong change management capabilities to manage variations to scope.

IFS/Sub Contract Management™ manages simple or complex sub-contractor activities; e.g. where a construction phase is sub-contracted, this component allows the scope to be managed. The solution allows progress to be tracked and valuations to be made based on valuation methods such as progress and quantity installed. The solution has strong change management capabilities to manage variations to scope. Work Instructions can be sent to the sub-contractor. Invoices and applications can be received from the sub-contractor, and valuation certificates can be generated.

IFS/Risk Management™ allows project risk assessments to be defined. User-definable risk templates help establish consistent working practices. Potential problems and consequences are defined so you can manage the actions and responses required to mitigate the risk.

IFS/Project Planning™ allows project schedules to be established in IFS. Gantt display options are available. The planning logic supports dependencies and constraints. Resource planning and simulation are also supported. If tools such as Microsoft Project or Primavera are to be used, IFS provides bi-directional integration to these.

IFS/Project Budgeting™ provides comprehensive functionality to manage Project Cost Control. User-definable project forecast types enable users to support multiple versions of project estimates, budgets, forecasts, reviews, etc. The system supports Estimate to Complete and Estimate at Complete principals. Budgets can be controlled by Cost Breakdown Structure and WBS. Spreading rules are available, including S Curves and Straight Line logic.

IFS/Project Management™ allows you to create projects using user-defined Work Breakdown Structures. Templates can be used to establish business process consistency. Costs, revenue, hours and quantities can be associated with the project WBS. Progress and Earned value are supported. All costs are tracked at all levels of the WBS, including Estimate, Baseline, Latest Forecast, Committed, Earned Value, and Actual. The Project component holds the project plan, which is then used to generate the sub-plans for other areas such as procurement, engineering, manufacturing, installation and construction.