Costs and Benefits of Project Management Software
Today, a large number of organizations use project management software to controlling cost in all industries. The number of growing technological trends has become a significant factor in modern business. Information technology and software solutions radically change the way the work of international project teams. According to Project Management Institute (PMI), project management is more important than ever before. One-fifth of world GDP, or more than $ 12 trillion is spent on projects. At present, there are 833,025 active PMP certified individuals in all industries. According to the 2007 Pricewaterhousecoopers company, 80% of high budget projects were used by accredited managers (PricewaterhouseCoopers, (2012), Insights and Trends:Current Portfolio, Programme, and Project Management Practices, page 26.).
Project Cost Management Software – Kendo Manager
Controlling costs is one of the most important project management benefits. Project Management Software usually includes tools that can help you manage project costs.
Cost management software to estimating and establishing control over costs is the key to success of each project. Kendo Manager provides project team all the necessary options to control costs in accordance with the approved budget.
Cost management software implies:
- Planning of project costs
- Create cost management plan
- Budget determination
- Control of project costs
Kendo Manager project management software with option Costs gives you the opportunity to monitor the project costs in primary (basic) currency, as well as in the alternative (international) currency. The option Alternative project costs is an auxiliary mean for analysis and project costs tracking. Calculation and conversion of costs in the selected currency is automatic. The conversion is based on the exchange rate which is predefined in the code tables.
Project cost list
Cost in alternative currency