Enterprise Resource Planning (ERP) software is often used to manage projects, however, it is questionable how effective these systems really are. ERP is a method of using computer technology to link various functions— such as accounting, inventory control, and human resources—across an entire company. We will be looking specifically at the advantages and disadvantes of the a single all-encompassing solution as opposed to multiple best-of-breed softwares integrated together.
I recently attended a Project Controls Training Workshop where one of the participants asked “which tool is used for cost management?” The trainer stood up with a smile and proudly stated “Excel is the tool used all over the world to manage cost in projects”.
I could not help but wonder whether this was true. There is no doubt, Excel is a valuable tool. But does it meet the changing needs of today’s project controls teams especially when they are trying to manage multi-billion dollar projects? I realised that this is just another example of how software technology has been evolving faster than people have been able to adopt it.
Topics: Limitations of Spreadsheets