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Effective project management is vital to help ensure customer satisfaction for project-oriented companies and to gain a competitive edge in the marketplace. As a company grows, more demands are placed on its service operations and customers have increasingly higher expectations. However, providing excellent service can be costly. In order to compete effectively and meet customers' demands, a company’s business management software should include the project management functionality to ensure proper control over costs and revenue.
The Dynamics Ax Project module successfully provides for basic project management functionality. It enables multiple tiered customer sites and invoicing levels by leveraging the Dynamics Ax project hierarchy and project types. The “fixed price”, “time and material”, and “internal” project types also restrict undesirable procedural behaviour. Combined with optional project activities and resource allocation, it enforces cost and revenue tracking to the expected customer levels.
In addition to this basic project management functionality, a highly necessary and recommended module was developed by DynamicFit in Melbourne and added to Dynamics Ax Projects. Referred to as Ax ProjectFit, it holds all the financial and project deliverables on one collaborative platform, enabling the project team to control and monitor the entire project at all stages.
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The Purchase Contract Management system tracks Variation Orders, Liquidated Damages, Payment Milestones, Bond Allocation, and associated contract documents.
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The Revision Management system notifies coordinators via email, enabling them to manage potential impacts throughout the project.
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Project Design Registers can be defined into equipment packages and tracked for WIP and budget reporting.
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The Document Transmittal system enables the streamlining of document management.
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The project-focused Stores and Procurement allows for the receipt of goods to be labelled and stored in nominated locations ready for issue.
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Project BOM allows for the Drawing Bill of Materials to be imported into the project equipment delivery structure.
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Outbound shipment information can be sourced from Purchase Orders, Drawing Bills of Materials or Free Issue Lists.
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International manufacturing and procurement processes are simplified between intercompany branches, because project managers can allocate work packages to different branches.
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Consignment documentation (Packing List, Commercial Invoices, and Bill of Lading) is generated from the system.
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As can be expected, Dynamics Ax Project integrates with Microsoft Office Enterprise Project Management (EPM) and is an ideal solution for organisations that need strong coordination and standardisation between projects, centralised resource management, or higher-level reporting about projects and resources.
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Essentially, Dynamics Ax Projects with Microsoft EPM (Project Server) is about balancing a project's scope, time, resources, and results. Customer satisfaction and improved service delivery with proper project management fit perfectly into this software domain.
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