Projects span a fixed time frame and include both services and materials. They are
cost and capacity intensive and hence require careful planning, monitoring and execution.
Reckoner Project Management handles both project executions for external clients
as well as an organisation’s internal projects.
The Reckoner Tendering and Estimation module efficiently estimates the costs and
profitability of a project thereby assisting the user in deciding the projects which
should be bid for.
Enquiries can be entered into the Reckoner system. RFQ contains
the break up of the activities involved in the project, their quantities, terms
and conditions and other documents to be attached alongwith the tender.
The RFQ
is followed by the Estimation of the Prime Cost that will be incurred on the materials
and resources required for the project, based upon the standard or derived coefficients
as per the company’s past experience, the Overhead expenses and Profit Margin. Users
can conduct sensitivity analysis of individual components on the overall project
estimate by varying values of item rates, coefficients, overhead allocations for
individual items or overall, and prepare the quotation. |
|
Planning and Monitoring is the most essential part of Project Execution. The Project
is broken down into phases and the BOQ Items are attached to the phases. Activities
and Resources associated with the Item are reflected in the Work Breakdown Structure
(WBS). Project Planning enables scheduling of activites, date and time. Specific
information about the project, its schedule dates and resources required for each
activity can be entered.
System also provides an interface with Microsoft Project.
Reckoner allows sharing the same database between Microsoft Project and Reckoner
for efficient time line management( provided by Microsoft Project) and Materials
management (provided by Reckoner).
The Cash Flow Analysis calculates the total cash
inflow and outflow for a specified period on the basis of payment receipts and the
expenses to be incurred during the period respectively. The Project Manager can
schedule the project by analysing the amount of money that would be available for
the specified period.
Project Confirmation allows the user to confirm the status
of different Project Activities. These confirmations can be entered at the
|
|
end of a period or at the time of job completion. The Analysis of jobs completed,
degree of completion and future scheduling of jobs to be completed can be done simultaneously
by analysing Project Confirmation data.
Multiple versions of Project plans can be maintained for the same project to accomodate
inbetween changes to the schedule. This can be used for comparison of Plan v/s Actual
at different stages.
Project Billing and Receivables Module keeps track of the payment procedure and
invoicing. The Measurement Book calculates the billable work as per the measurement
of the work completed. Acordingly Running Bills are generated for the billable work
for a specified period and Consolidated Bill for the cumulative work from the start
of the project.
Reckoner Projects integrates with Reckoner Finance by generating
vouchers for the invoices created in the Project Module and adjustment of Receivables
and Payables, Collection
Processing and updating of accounts. It also integrates
with Materials Management for stock updation and with the Procurement module for
procurement of material.
|
