Construction and contracting

• Manage all your project operations with Dynamics 365 Finance and Supply chain, no other tools required. WBS planning, Gantt, Critical Path, Risk Management, Staffing/Resource Optimization.
• Dynamics 365 Finance and Supply Chain integrates Project Planning Tools, including a Work Breakdown Structure (WBS) linked to Microsoft Project. This integration allows for faster and more accurate plan creation, resulting in improved speed and control. By leveraging the WBS, the cost breakdown structure (CBS) receives precise cost estimates from the updated timeline. This enables the accurate development of labor, material, and expense budgets, as well as time-phased earned value estimates and cash flow projections. The project schedules are built using task models that incorporate enterprise best practices, empowering project managers and planners to confidently generate and maintain project schedules efficiently.
• Standardize your operational process and enforce best practices with Dynamics 365 Finance and Supply chain. All critical operational business processes are executed within a single solution with built-in process and audit control.

• Dynamics 365 Finance and Supply chain provide a solid general ledger framework is centrally available to track actual costs and invoices, revenue recognition, accruals and budgets. However, when it comes to the operations visibility to secure project profitability and supporting effective decision making it is much more important to project and track EAC, variances, profitability, contingencies and productivity while at the same time identifying trends and maintaining a full audit trail.
• To provide the necessary level of reporting granularity and to effectively manage actuals, commitments, budgets and forecasts, projects are broken down into Work Breakdown Structures. By dividing a project into smaller and logical financial positions, controllers can easily identify variations even at the start of the project life cycle and are able to accurately reforecast to project not-yet-realized variances
• Work breakdown structures are summarized into cost code hierarchies which facilitate cross project and cross company aggregated reporting.

• Integrate and automate your supply chain and MRP to improve efficiency, lower costs and increase control over your operational performance.
• Procurement planning gain greater control over the cash flow usage and allows more projects on time on budget.
• Every project based supply chain components are in one system – Procurement, Production, Inventory and MRP
• Project Subcontracting : Project Subcontracting provides the capabilities you need for subcontract management, when the situation requires managing a scope of work, especially when multiple engagements are underway simultaneously Dynamics 365 Project operations helps you understand and control subcontracts, and provides a seamless integration between the accounting data and the delivery operations. Track vendor retention and vendor advances receipt of required documentation like insurance details, certificates and waivers and block payments against non-compliant subcontracts.
• Tight integration with the project estimation process allows you to incorporate firm prices from subcontract RFQs into project quotes and change orders. Likewise, a subcontract change order can be converted into a client project change order by the click of a button.
• Track receipt of required documentation like insurance details, certificates and waivers and block payments against non-compliant subcontracts.

Dynamics 365 Finance and Supply Chain offers real-time alignment of financials with operations, ensuring that your financial reports constantly reflect the most up-to-date project insights. It provides essential real-time financial insights through features like Project budget management, Project Costing, Earned Value, and Subcontract management. With dynamic work estimates from the schedule, you can accurately evaluate the cost to complete and swiftly identify the financial impact of any schedule changes. This results in faster and more accurate project estimates, granting you increased speed and control over your projects. By initiating the execution process with a well-crafted project budget, you can enhance the overall project performance significantly.

The creation of project estimates is now more efficient than ever, delivering improved accuracy and speed. Through thoughtfully designed project categories, estimators and controllers can generate optimal budgets in minimal time and with reduced errors. This capability empowers your team to initiate projects with confidence, setting the foundation for successful execution and cost management. Dynamics 365 Finance and Supply Chain streamlines the budgeting process, ensuring a seamless and effective approach to project estimation and control.

Project owners want more information. This is how you give it to them. Share in real-time to build trust and promote project owner buy-in

Microsoft Dynamics 365 for Finance and Operations, brings leaders of project-driven companies the real-time insight they need to transform their companies into high-performing enterprises in their industry.

Early detection and prevent escalation: In the world of projects, it is not what you know but when you know it that really matters. What senior management needs, but rarely has, is a way to easily and instantly recognize changing conditions and risks. Slight but accelerating budget overruns, minor but multiplying issues, or early erosion of scheduled slack are a few of the many common incidences in the project life cycle, and all are challenges that can be resolved by timely detection and intervention.

The periodic budget review process is at the center of establishing up-to-date reliable project performance projections. Early detection is key to effective project cost control.

By periodically evaluating Cost to Complete (CTC) and Estimate at Completion (EAC), controllers can predict and record variances before they materialize and in time to take corrective action.

• Out-of-the-box support for Earned Value Management (EVM)
• Project Work Breakdown Structure – Helps to manage your project with ease
• As projects grows in size and complex, you need a system that can scale with them

The Project Breakdown Structure as part of Dynamics 365 project operations enables you to manage large and difficult projects efficiently and with unprecedented control.

Our experts adopt a customer-centric approach to discovery, delivery, user adoption and support.

At ClusterKnot, we have a team focused on providing business solutions for the projects, constructions and real estate industries. Our domain expertise in this area has resulted in significantly lower operating cost, increase the asset utilization and streamlined project operations for our clients.