IFS Projects™ makes it easier for you to manage the complete project lifecycle. Fully integrated with other IFS components such as financials, procurement, inventory, customer orders, manufacturing, engineering, human resources, document management, and asset and service management, the solution is used by many types of businesses who use project principles to manage their business, including project-based manufacturing, engineering, construction, contracting and infrastructure, EPCI and R&D organizations.
IFS Project Reporting™ allows you to process project
cost transactions against a project including time, expenses, materials
and other types of miscellaneous costs. You can also use the component
as the basis for billing clients where reimbursable contracts are needed
and attach price lists to projects to define the rates to be used.
IFS Risk Management™ allows you to define project risk
assessments. User-definable risk templates help establish consistent
working practices. Potential problems and consequences are defined so
you can manage the actions and responses required to mitigate the risk.
Project Budgeting & Forecasting
IFS Project Budgeting & Forecasting™ provides you
with comprehensive functionality to manage project cost control.
User-definable project forecast types enable you to support multiple
versions of project estimates, budgets, forecasts, reviews, etc. The
system supports Estimate to Complete (ETC) and Estimate at Complete
(EAC) principles. Budgets can be controlled by cost (CBS) and work
breakdown structures (WBS). Spreading rules are available, including S
Curves and Straight Line logic.
Planning & Scheduling
IFS Planning & Scheduling™ allows you to schedule
project schedules in IFS. Gantt display options are available, and the
planning logic supports dependencies and constraints. Resource planning
and simulation are also supported. IFS Applications provides
bi-directional integration to tools such as Microsoft Project® or
IFS Project Management™ allows you to create projects
using user-defined WBS. Templates can be used to establish business
process consistency. Costs, revenue, hours and quantities can be
associated with the project WBS. Progress and Earned value are
supported. All costs are tracked at all levels of the WBS, including
Estimate, Baseline, Latest Forecast, Committed, Earned Value, and
Actual. The Projects component holds the project plan, which is then
used to generate the sub-plans for other areas such as procurement,
engineering, manufacturing, installation and construction.
IFS Sub-Contract Management™ makes it easier for you to manage simple or complex sub-contractor activities, e.g. if you sub-contract a construction phase, the component allows you to easily manage the scope. You can track progress and
make valuations based on valuation methods such as progress and quantity installed. The solution has strong change management capabilities so you can more easily manage variations to scope. You can send work instructions to your sub-contractors, receive
invoices and applications from the sub-contractor, and generate valuation certificates.
Sales Contract Management
IFS Sales Contract Management™ enables you to manage
the lifecycle of your sales contracts from bid and tendering through
completion and handover. You also get application-for-payment
functionality and can more easily control defined mark-up and retention
rules, certificates, and payments. You can generate invoices and
applications based on a number of flexible options including progress,
quantity, sales value, cost plus and milestones. Reimbursable project
invoicing is also supported. The component has strong change management
capabilities to manage variations to scope.