Project Management
Project management is the application of processes, methods, knowledge, and skills to achieve the objectives of the project
Sage X3 Project Management is a new Sage X3 module with the capacity to address these factors.
Sage X3 Project management is fully integrated with the core Sage X3 functional areas of Customer relationship management (CRM), sales, purchases, manufacturing, and finance. It provides a tool fully embedded within the ERP processes that can address the factors required to achieve a project's objectives.
Sage X3 Project management targets first the Manufacturing sector.
It has the capacity for these sectors to manage planning and quotations, manage budgets and control costs, organize and allocate resources, and raise external documents.
It is available from Version 11, and it replaces the MPM add-on.
By providing greater visibility and control of your projects Sage X3 Project management will save you time and provide efficiency improvements.
Overview
The following link guide below provides a comprehensive overview of the Sage X3 Project Management (PJM) module.
It covers the prerequisites and setup needed to use the Project management module and describes the integrated features provided for managing projects.
Work Breakdown Structure (WBS)
In Project management the way to define the project itself is key.
You will see that most of the time each company sets their projects differently depending on the company organization, background, and business area usage.
Neither the less however a company organizes its projects it must deal with the same concept and best practices: Þ Work Breakdown Structure (WBS) A work breakdown structure is used to define and group a project’s tasks in a way that helps to organize and define the total work scope of the project. It is a decomposition of the work to be executed by the project team. A work breakdown structure element may be a product, data, service, or any combination thereof. A WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance.
Product Breakdown Structure (PBS)
Product Breakdown Structure (PBS) A product breakdown structure is an exhaustive, hierarchical tree structure of components that make up an item, arranged in a whole-part relationship.
It details the physical components of a particular product, or system, under consideration. The formal PBS comes in the form of a hierarchy (BOMs).
It begins with the final product at the top of the hierarchy followed by the sub-categorized elements of the product. The PBS, a product breakdown structure serves to reduce a complex project, or product, into manageable components. As a result, teams can obtain a clear understanding of a product, its components, and what is required to provide those components.
Cost Breakdown Structure (CBS)
Cost breakdown structure (CBS) The cost breakdown structure classifies the costs within a project into cost units/cost centers and cost elements/cost types. The establishment of a cost structure aids efficient cost planning, controlling, and the introduction of measures to reduce costs.
Cost structure
Sage X3 PJM provides a highly flexible project structure that allows to setup of project management with a deep level of customization.
Based on best practices, customers can accurately manage their project quotation, roll out, and cost control respecting their usages.
The components of this structure are: Þ Cost structure: this is related to the CBS This is a multi-level structure. In each budget level, you can define budget lines which will be used to set up the type of cost you plan to track on that Budget. On each budget line if the cost type contains a default price it will be applied. All other costs must be entered manually.
For more information, the course is available in Sage University. https://sageu.csod.com/
X3 - Sage X3 - Expert Workshop: Project Management Implementation Best Practices