

Project Cost & Budget Management ERP Software
Simplified project handling & management on Cloud


Project Management Module In The ERP Software
High Speed Softnet's ERP software simplifies project management via its advanced project costing and management module. It covers all aspects of project handling, including project acquisition, estimation, quotation, and definition of budget. With the ERP application for project management, you will benefit in real-time insights on project progress along with its financial information. It is the best-suited program for businesses operating in project-based industries such as planning & development, facilities and architecture, with many more features to take advantage of.
HOW WE MANAGE
Provides a PROJECT-CENTRIC integrated solution that manages all stages of a project lifecycle.
Helps in allowing the complete VISIBILITY and tracking the project on time by maintaining the budget.
Will generate the REPORT based on real-time information to drive efficiency and performance.
Is the most USEFUL feature used to check the requirements that drive operational excellence.
With Project Management Module You Get
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Tender (Bid Registration)
First: The supervising authority or the owner of the project will launch a tender among the qualified (classified) companies to implement the project. Second: These companies apply to purchase the bid documents and tender documents, which include all the details of the project in terms of location, number of units, area, and other technical, administrative, and financial matters such as plans and bills of quantities. And forms for correspondence and business numbers under scrutiny and other conditions
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Project cost calculation
The process of calculating the cost of the project is important as it is the means that enables the project owner to determine his needs for capital expenditures, as well as recurrent operating expenses, which contribute to calculating the following: the adequacy of the available capital (economic resources available to the project owner) to start the project and the extent to which the project needs to borrow or Introducing partners, and annual operating costs, which will be compared with annual revenues to find out the expected profits. Determining the return on investment
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Contracts
The project is based on a specific company (the lowest price company or according to the owner’s point of view), which begins the practical steps to implement the project, which are: Signing contracts Submitting the necessary bank guarantees Letter of guarantee advance payment - completion payment) The value of the primary insurance may be completed to meet one of the previous insurances Provide the necessary insurance documents (business and workers insurance) and ensure the extent to which the document covers all items that may result in unexpected losses or compensation Receive the site and start implementation. Such as the company's financial ability, the ability and adequacy of its technical staff, and other factors
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Deciding on the project and submitting the bid
First: Shareholders and participation rates (if any)
Determining the shareholders and percentages of contribution to the project
Determining the percentages of supervision according to the terms of the contract
Second: Submission of offers and completion of contracts
Entering Technical Specifications (Technical Offer)
financial offer
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Project study
First: Enter the bills of quantities
The bills of quantities are the project deliverables, distributed over the different phases. It entails: -
Planning the release of project extracts
The system calculates the estimated project budget based on information that is fed to the system in advance (for example, the quantities of iron and cement per cubic meter of reinforced concrete...)
Second: Completing the estimated budget and determining the estimated project cost
The system, based on the table of quantities, calculates the cost of direct materials and direct wages for the project
The remaining indirect and other estimated expenses will be completed
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Actual work and follow-up of achievement
Entering all movements on the go and disbursement of materials on the project and delivery extracts, subcontractors extracts, other expenses, advance payments, shareholders’ payments, project follow-up, project completion percentages (based on bills of quantities and what has been delivered from them through the abstracts) Follow-up of the materials spent on the project on each item, comparing them with standard quantities and knowing the deviations
Comparing the estimated budget of the project with the actual and identifying deviations
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Project closing
The system, based on the table of quantities, calculates the cost of direct materials and direct wages for the project
