In many enterprises, project management remains a standalone task that exists outside of a company’s ERP system. That’s because a project manager – a role traditionally closer to the engineering folks than to the staff in accounting or HR – is responsible for planning, structuring, and tracking the execution of a project.
But over time, the planning and execution of projects has grown more complex and become more tightly bound with a wide range of ERP processes and decisions.Nowadays, project approval requires not only budget approval but approvals for resource management, project management office, engineering, manufacturing, and procurement.
Additionally, given the global structure of many companies, these teams seldom share a single office location. Instead, they’re spread across different regions or even continents.
The challenge for many project-driven organizations is that they need to connect with all of these teams throughout the different phases of a project, from planning through execution.
But how, exactly, can they achieve this?
Bridge the gap between project management and ERP
Project managers need a robust collaboration platform that allows them to orchestrate tasks and communicate with all involved parties, providing insight on which work package needs to be delivered, by whom, and by when.
Conversely, stakeholders, customers, and project team members must have around-the-clock access to real-time project information, without the need to involve the project manager to retrieve this data.
The orchestration of project work across global teams is one of the major reasons why more and more companies are making an effort to tighten the integration between their project management processes and their ERP environments. Only projects that are closely linked to the ERP processes can provide the exact and accurate information all involved project parties need.
SAP S/4HANA is the answer
Today, a number of companies around the world are digitally transforming their existing ERP environments with the help of SAP S/4HANA, a platform that combines the latest in-memory technology with a simplified user experience and built-in connectivity to business networks.
SAP Portfolio and Project Management for SAP S/4HANA, which is slated for release by the end of October 2016, enables businesses to:
- Link projects, portfolios, and teams with your enterprise digital core
- Access data using simplified, role-based user interfaces
- Gain live insights into project performance with accurate data at any time
The SAP Fiori user experience for SAP Portfolio and Project Management provides users with a comprehensive project timeline, as illustrated in the image below:
This enables employees to view the project schedule and track the overall progress of it.
Project managers can easily access project information using the Project Dashboard, which contains a Last Used Projects entry page:
Propel project management into the future
Project management success relies on executing and delivering projects on time and within budget. In today’s digital age, organizations need a digital solution to achieve this.
With SAP Portfolio and Project Management for SAP S/4HANA, a company can ensure that all of the complex components of a project are connected, linking project managers, support staff, and other interested parties and providing them with the real-time insight they need to:
- Make accurate, fact-based decisions
- Maximize resource and workforce utilization
- Track project progress
- Prioritize tasks
Don’t miss the International SAP Conference for SAP Portfolio and Project Management in The Hague, Netherlands, on November 3–4 to discover how your business can maximize project performance and improve project delivery by embracing the latest technology from SAP.