Project Costing
Another popular module in Adept Performance Management Solution (APM) is Project Costing. One key strength of this module is to allow a company to centrally maintain its product or raw material listing and details such as cost and sell prices, dimensions and colour. This eliminates the possibility of using out-dated or erroneous information such as cost prices that commonly plague organisations that use Excel spreadsheets to prepare project costing sheets. Obviously, when one gets the prices wrong, profitability will be severely impacted.
Thus, having important data centralised in the Project Costing not only helps to reduce errors, its ultimate benefit is to improve profitability. Users can now focus more on selecting the right material for the project during the planning phase in the Project Costing module and not having to worry about the accuracy of the data. In addition, project managers can create multiple versions or perform "sandboxing" i.e. scenario modelling to analyse different configurations for the same bid. This helps the managers to determine which proposal will be the most profitable, cost effective or competitive in price against other competitors and at the same time, meeting the required quality expected from the clients. All these result in higher chance of winning the tender and improving profitability.
The Project Costing module is useful for companies in hospitality, construction, property and medi-care industries.
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