CIMdata PLM Industry Summary Online Archive
20 April 2010
Product News
IFS Ensures Project Success with Enhanced Project-Based Solutions 3.0
IFS launched its latest project-based solutions software, PBS 3.0, designed specifically to give organizations greater visibility and control of their business-critical projects, helping secure competitive advantage as they are ready for economic recovery. The solution has been developed in cooperation with IFS’ project-oriented customers and experienced IFS consultants delivering Project-Based Solutions to customers worldwide for many years.
The solution offers project-driven organizations an application that incorporates all the benefits of a fully integrated ERP suite with specialized functionality for Project Control, Project Financial Control and Project Materials Management. PBS 3.0, which can also be integrated with third-party planning tools such as Primavera P6, improves customers’ ability to manage projects throughout their lifecycle and ensures vital project data is captured at the heart of core business systems.
IFS CEO Alastair Sorbie comments, “Full visibility and control of projects throughout an organization is essential. Problems occur when entire projects or subprojects are planned and monitored outside of normal corporate systems. This makes it impossible for project managers to track and understand how their projects can impact each other and the subsequent implications this has on the overall performance of the business.”
The enhanced Financial Control features within PBS 3.0 give users better revenue visibility across projects, the ability to predict future cost implications when changes occur to a project schedule and the means to keep tight control of actual vs. projected costs through real-time data on project progress. In addition, new Materials Management functionality allows users to manage bulk materials efficiently, ensuring the correct volumes are in stock at the right time, reducing unnecessary bottlenecks across project lines.
Available for the first time through IFS’ user interface, IFS Enterprise Explorer (IFS EE), the system has been developed with ease-of-use in mind, helping project managers to be in control of their projects with speed and accuracy. As the solution gives users access to data in real time, they always have the latest information at hand, helping them make timely and accurate decisions.
The development of PBS 3.0 underlines IFS’ long-term commitment to developing solutions to support businesses operating in project-based industries. IFS is currently working with the International Project Management Association (IPMA) to develop a comprehensive Sustainable Efficiency study to explore further the extent to which companies manage their most business-critical projects as well as identifying best practices in this area. Project-based organizations worldwide will benefit from a study that demonstrates the business critical value of effective project management.
For more information on IFS’ ‘Sustainable Efficiency’ and to sign-up to receive details from the research with IPMA, please visit www.sustainable-efficiency.net.
PBS 3.0 was available for general release on April 9, 2010.
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