Project Management

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Project Financial Management

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Anshuman Jain Senior Project Manager| TMNAS New Jersey, United States
Greetings fellow PMs,

I would like to get some inputs on the best practices, tools that you have been using in order to manage your project financials/costs. Project Server/Professional is great tool, but it does comes with some limitations so wanted to check hows everyone doing.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
To be honest, I am using a microsoft xcel spreadsheet mainly based on EVM. At corporate level we use HP PPM tool which contains EVM method embeded but it is a mess.
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Anshuman -

I'd echo Sergio's feedback - while MSP can certainly handle variable and fixed costs associated with people and non-human resources, the flexibility of Excel and the greater availability to non-PMs often makes it a better solution until your organization's needs are sufficiently complex to justify a true enterprise project cost management tool.

Kiron
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Like Sergio and Kiron, we have a PPM tool to do the heavy lifting and use Office for data presentation.
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1 reply by Anshuman Jain
Oct 25, 2017 11:38 AM
Anshuman Jain
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What PPM tool do you use, and how the integration between the PPM tool & Office/Excel looks like ?
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Anshuman Jain Senior Project Manager| TMNAS New Jersey, United States
Oct 25, 2017 10:45 AM
Replying to Stéphane Parent
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Like Sergio and Kiron, we have a PPM tool to do the heavy lifting and use Office for data presentation.
What PPM tool do you use, and how the integration between the PPM tool & Office/Excel looks like ?
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1 reply by Stéphane Parent
Oct 25, 2017 12:39 PM
Stéphane Parent
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Our PPM tool is Entry's TeamHeadquarters. Integration is done mostly through CSV exports and Project imports. We do have some of it done via ODBC access to the database, especially for reports..
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Oct 25, 2017 11:38 AM
Replying to Anshuman Jain
...
What PPM tool do you use, and how the integration between the PPM tool & Office/Excel looks like ?
Our PPM tool is Entry's TeamHeadquarters. Integration is done mostly through CSV exports and Project imports. We do have some of it done via ODBC access to the database, especially for reports..
...
1 reply by Anshuman Jain
Oct 25, 2017 2:23 PM
Anshuman Jain
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Thanks Stéphane !
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Anshuman -

In the last company I worked for (a large bank), PMs used a structured Excel workbook to manage their forecasts and then at scheduled intervals uploaded that data to CA PPM (formerly Clarity). Resource labor actuals were directly entered in CA PPM via its timesheet functionality, and non-resource actuals were imported from other financial systems.

Kiron
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Andréa Menezes Duarte DIRETORA SOCIAL | EXECUTIVA NACIONAL MEI Praia Grande, São Paulo, Brazil
Eu gostaria de saber quando uma pessoa e voluntária e quer se agregar no PMI-VOLUNTÁRIOS porque dificultar sua habilidades em vez de ajuda-lá a se tornar mas eficaz?
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1 reply by Stéphane Parent
Oct 25, 2017 2:39 PM
Stéphane Parent
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Você verificou o VRMS do PMI?
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Anshuman Jain Senior Project Manager| TMNAS New Jersey, United States
Oct 25, 2017 12:39 PM
Replying to Stéphane Parent
...
Our PPM tool is Entry's TeamHeadquarters. Integration is done mostly through CSV exports and Project imports. We do have some of it done via ODBC access to the database, especially for reports..
Thanks Stéphane !
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Oct 25, 2017 2:04 PM
Replying to Andréa Menezes Duarte
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Eu gostaria de saber quando uma pessoa e voluntária e quer se agregar no PMI-VOLUNTÁRIOS porque dificultar sua habilidades em vez de ajuda-lá a se tornar mas eficaz?
Você verificou o VRMS do PMI?
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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
I have seen more often excel, with the accounting software of the organisation
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