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5 project lessons to take into 2014

PROJECT LESSONS TO TAKE INTO 2014 A project management software survey A 2013 survey asked 100 UK project and service based organisations their thoughts on the key challenges and pain points faced when running projects. Business challenges LESSON 1 The rising importance of software integration Poor purchasing processes No central source of project Information 23 With a multitude of processes with each project, software needs to slot into working practices quickly and easily. Cross-departmental integration needs to be considered, including increased visibility over HR, payroll, credit control and document automation data, plus improving resource allocation and purchase to payment process. 35 62% Poor vislblity of avallable resources Lack of system Integration 31 identified 'capturing time/costs against projects' as their biggest challenge 38 No vislbllty of WIP 21 Capturing time / costs agălnst projects 62 Paper based approval processes 55 Re-keying of data 45 What could be improved? LESSON 2 Find true value in numbers Software that places measurable values through every step of a project opens up opportunities to streamline processes, whilst reducing inefficiencies. Rewarding and incentivising project teams becomes easier using this data, to identify top performers and drive employee engagement and project productivity. Access to real-time information Resource planning and forecasting 54 Capture of project costs 43 Visibility of profitability and approvai 54% 35 Expense management / récharging feel that capture of project costs could be improved with their organisation WIP 33 mgmnt Purchase to payment 26 Management report production 34 19 31 Timesheet capture and approval Accuracy or 24 ease of billing 24 Income recognition Lacking visibility LESSON 3 Visible projects are happy projects Document automation HR & payroll Software that allows visibility over projects, accessing vital information is instant, key stakeholders can take early action over problem projects and performance can be analysed at any stage. Ensuring project delivery matches expectations can only result in happy clients. 13 36 43 Credit control 48% Resource forecasting 17 lack the necessary visibility over data to keep their projects under control 18 Integrated billing 21 Expenses Project control 37 32 Time recording and resource utilisation Scheduling & milestones The 3 most important requirements LESSON 4 See physical documents as a project enemy ТОРЗ features project professionals expect from their software are reliability, ease of use and ease of integration Automating document management can eliminate rekeying, clerical errors, chasing of handover documents and the need to re-request client information. Each time documents are amended or created, the latest information is also made instantly available to all project stakeholders too. Key factors in new software decisions LESSON 5 You're not alone When investigating new software vendors, to succeed.. seek advice about the best practice methods for implementing a project management software system that really suits both your immediate and long term business needs. Heavy Investment In R&b Direct relationshlp with the system author Recommendatilons endorsements from existing users 66% Cost of solution 48 10 20 46 identified level of support as the prímary factor for new software decisions. Proven Industry expertise 66 Level of support offered 56 Proven Implementation methodology Ablity to offer end to end finance / project accounting 50 34 access FOR MORE INFORMATION ABOUT ACCESS VISIT wwW.THEACCESSGROUP.COM E Reliability * Security LO o Scalability Ease of use G Accessibility Flexibility NAutomation of processes Ease of egration

5 project lessons to take into 2014

shared by accessgroup on Aug 29
Biggest challenge to project profitability is capturing costs. Want to know 5 project lessons to take into 2014?


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