Successful project execution hinges on meticulous planning. Frontrol’s PACE application provides a comprehensive suite of planning tools that empower organizations to lay a solid foundation for project success. Let’s explore how PACE streamlines the planning process, ensuring projects are set up for efficient execution and control.
Plan Project: Defining the Blueprint for Success
PACE’s project planning capabilities allow you to define every aspect of your project, from scope and schedule to budget and risk.
- Scope & Schedule: WBS, Deliverables:
- PACE facilitates the creation of detailed work breakdown structures (WBS), enabling you to break down complex projects into manageable tasks.
- You can define clear deliverables, ensuring that all project outputs are well-defined and tracked.
- The application’s scheduling tools allow you to create realistic timelines and dependencies, ensuring that projects stay on track.
- Budget, Resources, Risk:
- PACE provides robust budgeting tools, enabling you to create accurate cost estimates and track project expenses.
- Resource management features allow you to allocate resources effectively, ensuring that you have the right people and materials at the right time.
- Risk management tools enable you to identify, assess, and mitigate potential risks, minimizing disruptions and ensuring project success.
Setup Contract: Streamlining Contract Management
PACE simplifies contract management, providing a centralized platform for creating and managing project contracts.
- Basic Contract Info: Customer, Amount, Validity:
- You can easily capture essential contract information, such as customer details, contract amount, and validity dates.
- This centralized repository ensures that all contract information is readily accessible to authorized users.
- Lines: Funding, Billing & Revenue Method:
- PACE allows you to define contract lines, specifying funding sources, billing schedules, and revenue recognition methods.
- This level of detail ensures accurate financial tracking and reporting.
Approval: Ensuring Alignment and Compliance
PACE’s approval workflows streamline the process of obtaining necessary approvals, ensuring that projects comply with organizational policies and procedures.
- Submit Project for Approval to Start Execution:
- You can easily submit project plans for approval, ensuring that all stakeholders are aligned before project execution begins.
- Automated workflows and notifications streamline the approval process, minimizing delays.
- Submit Contract for Finance Review:
- PACE facilitates the submission of contracts for finance review, ensuring that all financial terms and conditions are properly vetted.
- This step helps to mitigate financial risks and ensure compliance with accounting standards.
- Interface Project, Contract to ERP:
- PACE has the ability to interface project and contract information directly into your ERP. This eliminates double data entry, and helps to maintain one version of the truth.
Key Benefits of PACE's Project Planning Capabilities:
↦ Improved project clarity and alignment.
↦ Enhanced collaboration and communication.
↦ Reduced project risk and uncertainty.
↦ Increased efficiency and productivity.
↦ Accurate financial tracking and reporting.
↦ Improved contract management.
By leveraging PACE, organizations can create comprehensive project plans that serve as a roadmap for success, ensuring that projects are delivered on time, within budget, and to the required quality.
