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nning, scheduling and controlling projects ? to measure ongoing profitability and technical effectiveness of projects and enable corrective action to be taken ? Bridge between financial management project management ? Establish project structure and type ? Create new project ? Allocate budget ? Track actual costs and time ? Review projects progress ? Bill or capitalise costs ? Close project ? Monthly reporting ? Reconciliation to other modules ? Physical progress ? Invoices being paid ? Key performance indicators ? Profitability of project ? Variance analysis (cost, time materials) ? Achievement of technical objectives ? Online timesheet input ? Eliminate rekeying of data ? Integrated systems ? Empower project managers ? To control information and take corrective action ? A logically defined project task numbering system is used with a project / job number that allows division and reporting by logical elements or segments ? A facility to predefine a list of project types ? Establish who owns, who controls and who monitors the project ? Budget established in financial and quantitative terms as an option ? Budgets by individual property and group of projects ? Reforecasting / multiple budget facility ? Multi currency budgeting ? Information from past projects available to assist with estimate of future project costs ? Direct costs allocated per timesheet entry ? Indirect costs per timesheet/ algorithms ? Collect costs in line with project milestones / phases ? Various ways of collecting costs。 ? Timetable in place with deadlines for inputting costs and t