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As any project-driven organization knows, the difference between finishing a project with a profit or loss all comes down to how effectively and accurately you are tracking your project costs. The Project Costing application provides you with robust and complete project cost information. The system will give you access to integrated data in one common database, which can easily turn a losing project into a profitable one.
The project costing application will give you real-time, in-depth visibility to all project finances. All the information you need to improve performance will be given to you through views of original budget amounts, current costs, open commitments, final cost projections, and percent-complete information for each project. An Inquiry screen will allow you to easily access progress information and identify cost overruns in the early stages of a project, allowing you to make adjustments and take corrective actions before project costs get out of control.
The system provides you with very high levels of flexibility. You will be able to setup unique cost codes and work phase structure for each different project type. The system will also allow you to create industry- and company-specific terminology to make the information more relevant for your staff. The end-result of this flexibility is customized screens that give you the ability to make well-informed business decisions.
"Project Costing" is part of the JD Edwards EnterpriseOne line of products, developed by Oracle.
JD Edwards EnterpriseOne is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.