Pressure to reduce or maintain budgets is driving sharper scrutiny of discretionary spending, and increases the importance of effectively identifying and delivering project portfolios that best align with an organization's business strategy and that maximize return on investment (ROI). This additional scrutiny reinforces the importance of adopting best-practice financial management processes to improve cost and benefit estimating, and effectively tracking cost performance to ensure that each project is delivered within budget and that the portfolio realizes the forecasted benefits. In addition, providing project accounting views can be a challenge when financial data is spread across multiple line-of-business (LOB) systems.
The Microsoft® Enterprise Project Management (EPM) solution provides comprehensive financial management capabilities throughout the life cycle of a project, from capturing cost and benefit estimates in a business case, through effectively tracking costs during project execution. Microsoft® Project Server 2010 is flexible and extensible, which helps to ensure that the toolset can be configured to meet an organization's specific needs. Project management offices (PMOs) can use custom fields to standardize the collection of cost data or take advantage of Microsoft Excel® 2010 Web App or InfoPath® Forms Services to embed powerful financial estimate Web parts within the Project Server 2010 business case infrastructure. Budget and cost resources help managers effectively track project financials and manage change throughout the project life cycle.
The Project Server 2010 comprehensive application programming interface (API), Project Server Interface (PSI), ensures that organizations can effectively integrate with financial systems to consolidate data and drive project accounting views and reports. Organizations can also take advantage of Project partner add-in products that further extend the Project Server 2010 financial management capabilities.
The powerful reporting infrastructure in Project Server 2010 gives PMOs the flexibility they need to easily create project-level reports and quickly configure dashboards to provide executives with manageable views that communicate the complete financial picture.
EPM Solution Capabilities
The EPM solution is a comprehensive PC and web-based project and portfolio management system. Learn how the EPM solution helps organizations to automate the main PPM capabilities and drive results:
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