The financial viability of any project is dependent upon your ability to effectively manage project costs. Plasma’s Agile Project Management Solution provides the capability to track your costs as they are being accumulated. You have the power to maintain constant contact with your actual vs budgeted project spending, and to implement corrective measures when required.
Common Problems Faced by Enterprises
The use of legacy project management tools and systems typically provide very limited ability to dynamically monitor and manage the financial conditions within individual projects. As a result, project costs can quickly spin out of control. Common problems reported by project-centric companies have included:
- Project budgets that become mere “paper products” due to non-integration with other project tools and systems.
- Slow reaction to changing project conditions due to lack of real-time data, insights, and triggers.
- Uncontrolled project costs due to a combination of all of the above.
- Inability to assess real-time project financials in a consolidated, customized, format.
- Inability to make fact-based budgetary decisions and take appropriate actions.
“Armed with its new DLT capabilities the client has been able to introduce new business capabilities…including: the ability to transfer funds at a fraction of the cost and time of traditional banking and full automation of handling of cross-currency transactions that promotes client confidence.”
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Plasma Solution Benefits:
Workflow-based automation that allows for recording, tracking and reporting of project financials throughout the life of your projects.
Ability to establish data-driven triggers that generate alerts to assigned project stakeholders. Puts critical information into the hands of those responsible for a project’s financial performance.
Ability to establish your own custom reports that will consolidate project financial data—from all of your data sources—into your format of choice. Establish your customized “roles” and “authorities” to control how your reports are disseminated.
Provides the ability to make real-time project budget decisions that help mitigate cost overruns and reduce risks. Take corrective actions in time to have real impact.
A solution that can be fully integrated with other components of a larger Project Management ecosystem.
Implementation, Hosting, and Support (Managed Services)
Any software application is only as good as the quality of its implementation and of the ongoing support services. Plasma has a 15 year track record of providing high-end implementation, hosting, and support services for a wide range of enterprise-level deployments.