OmegaPlus: Management of construction projects

The industry solution based on Microsoft Dynamics AX (Axapta) is intended for integrated management of construction projects and the company in general. The solution connects management of finance, estimates and schedules for project management in a common information space.

The solution is developed for construction companies which:

• have a large number of projects, the directions of income and expenses (NDR), divisions – the centers of the financial responsibility (CFR), partners, nomenclature positions and so forth;
• use or plan to use information systems based on Microsoft Dynamics AX;

• aim to reduce costs due to establishing order, increase in budget discipline in the company, when preserving flexibility and efficiency of management of separate projects.

The solution helps to reduce costs at the expense of an opportunity:

• Plan a financial result as on each project, and in general on the organization.

• Avoid cash gaps.

• Control fact deviations from the plan for projects, NDR, the CFD.

• Provide an order in cash flows on the organization, exclude a possibility of exceeding of the budget and inappropriate use of money.

• Eliminate double entry of information, provide its efficiency and reliability.

Industry solution "OMEGAplus: The management of construction projects" is founded on results of 20 years' industry practice and successful experience of automation of more than 30 construction enterprises

1. Increase in budget discipline in the company:

• Any payment "will not pass" by the approved budget.
• Each payment is automatically checked regarding exceeding of a limit.
• Always up-to-date information about budget implementation with any extent of detailing.
• An opportunity to influence quickly financial flows in the organization.

2. Planning:

• High degree of the involvement of managers into a budgeting system.
• An opportunity to delegate control functions down when preserving full control.
• An opportunity to plan economic indicators on the projects / company, to predict a financial result.
• An opportunity to balance financial flows (cash gaps, etc.).
• More effective interaction of divisions of the company at a planning stage on projects.

3. Control:

• Control of deviations between the plan and the fact for the projects / NDR / the CFD / roles / company.
• An opportunity to delegate to a system budget performance monitoring.

4. Management of contractual relations:

• Automatic control of agreements regarding exceeding of limits of NDR.
• Optimization of accounts payable.
• Control of accomplishment of conditions of agreements.
• Control of timeliness of implementation of payments.

5. Accounting:

• All advantages of a common information space:
• The approved reporting under the project and under the company created based on information both of a project management system, and of a management system for finance, estimates and schedules.
• Reliability of management information and efficiency of access to it.
• Ensuring sufficiency and depth of analytics.
• Elimination of duplication of information.

6. Analysis:

• Increase in efficiency of obtaining analytical information.
• Obtaining analytical information with necessary extent of detailing.
• Ensuring operational execution of management decision.

• Achievement of the planned purposes at the expense of an opportunity:
• control financial and not financial performance (KPI, SSP) both at the level of the company, and at the level of structural divisions, in particular, of project managers;
• increase efficiency of key staff through the system of motivation.

Scheme of work of the solution

Unlike separate estimates, schedules, spreadsheets, solution "OmegaPlus: Management of construction projects" allows to obtain automatically the actual project information / on the company and to compare it with planned data, needlessly manually to collect planned and actual data on projects, NDR and the CFD.