PRJ – Project Accounting

 

Can you, at any given time, say how your projects perform in terms of costs and profit?

Do you know the costs to be expected for any given project or project portfolio with consideration of different scenarios? The failure of a project can very often be traced back to a mistaken valuation of quantities and costs. In order to avoid this, Project Accounting has to be integrated in the Cost Management System.
Your projects’ costs must be valued using the same rules as other activities. The results of your project, if not its primary aim, should include a more costefficient system.

Today’s project portfolios are often very complex. Small IT projects are in one portfolio side by side with massive investment projects; development projects can be tracked strictly for internal purposes or they can be sold as services. Every different project type requires different information. This complexity can be better managed using a structured and hierarchical organization. As a component of Portolan’s iEVM application suite, PRJ Project Accounting provides a solid base for your project cost management. The integration into the cost management gives a complete overview of your company. Cost rates are determined in CCM Cost Center Management according to freely definable rules and are used for valuation purposes. In return, cost center credits are immediately visible through the different projects. Finally, Project Accounting can also be used as a cost basis for PRM Profitability Management, as is with CCM Cost Venter Management and Production Controlling.

The complete integration with Portolan’s EAM Enterprise Asset Management and EFM Enterprise Financial Management allows for an automatic activation of your investment projects, if required. Specific structuring of your project environment lets you obtain a maximum of transparency. Each type of project is subject to own rules and provides exactly the content of information which is required.

Project Accounting PRJ gives you a complete transparency of your project environment and integration to the cost management system.

 

THIS IS WHAT PRJ CAN DO FOR YOUR COMPANY

  • Project controlling
  • Investment controlling incl. full integration to financial applications EAM and EFM
  • Any simulations, plannings, and forecasts
  • Hierarchical structuring
  • Full and marginal costing
  • Flexible variance analyses
  • Automatic valuation of transferred quantities

with cost rates calculated in Cost Center Management (CCM)

  • Tracking of project status
  • Group structuring by freely definable criteria
  • Pre-calculation, simultanious calculation and post calculation of orders
  • Reporting and analysis of allocated budget costs
  • Automatic transfer of all front-end system data
  • Transfer of purchase commitments
  • Project purchase commitments