Overseeing complex projects is a daunting task, which is why these efforts often come in over budget and over time.
SAP AG has a new application it thinks will help bring order to the sometimes chaos.
It announced today Commercial Project Management, which it says brings project-related front- and back-end information into one integrated system and makes it available to project managers, administrators and executives.
The application offers coverage of the lead-to-cash scenario for projects, beginning with selling a project through planning and delivery, SAP [NYSE: SAP] said.
“While a high percentage of project profitability is determined at the bid stage, around half of all projects are not delivered to plan — in fact, on average 20 per cent of project value is at risk,” Chakib Bouhdary, SAP’s executive vice-president for global industry solutions and customer Value, said in a statement. “SAP Commercial Project Management enables professional services, engineering, construction and operations and other project-based industries to reinvent the way they sell and deliver their services by offering full transparency throughout the project life cycle while helping ensure project profitability.”
Commercial Project Management uses SAP Business Suite and contains three packages: project workspace, project cost and revenue planning and project issue and change management. It also can run on the SAP in-memory HANA platform and is mobile-enabled. Additional mobile apps are also made available by partners. For example, partner Mindtree sells mInspect, a mobile app that supports the issue management component of Commercial Project Management, and mWorkspace, a mobile app that provides key information to project managers.