Do you control your projects by reading yesterday's news?
Do you struggle to get reliable forecasts for ongoing projects? Is project follow-up in your company merely a general ledger procedure at the end of each accounting period? Where does that leave you when you find out at the end of the month that you are past schedule or over budget? You need to track not just historical costs in the general ledger, but all costs incurred according to plan and progress, and be able to provide reliable forecasts on both detailed and overall level for management. Project management performance in IFS Applications™ is based on the principles of Earned Value Management (EVM), a recognized technique for measuring project progress. With the use of IFS Applications, you get the unique ability to combine measurements of scope, schedule, and cost in a single integrated system. This makes your forecasting easier and more accurate, and you can utilize EVM techniques to control your projects.
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