Top Features of Microsoft Dynamics 365 Project Operations
Dynamics 365 for Operations accelerates project delivery through the interconnected modules within the platform. The goal is to help companies thrive in a constantly changing digital landscape. Thanks to Microsoft Dynamics 365 Project Operations, organizations can position themselves to adapt to any changes in the business environment.
Let’s look at some of the features provided by Dynamics 365 Project Operations that facilitate a higher rate of project success.
Project Management
Use the embedded Gantt charts, scheduling tools, and dashboards to track what’s happening at every project stage. The added transparency makes it easier to spot when there may be issues that could impact project deliverables. You can connect the platform directly to Microsoft Project to improve the end-to-end project planning process. Teams can coordinate by sharing documentation, data, and applications throughout a project’s lifespan.
Unified Task and Milestone Tracking
Project Operations enables teams to break down large projects into manageable tasks with clear deadlines and dependencies. Using embedded Gantt charts and milestone tracking, users can visualize critical paths and keep teams focused on delivery. Managers can assign tasks based on resource availability and skills, helping to optimize performance without overloading any team member.
Deal Management
Give the deal management experience a boost by improving your team’s ability to close deals. You can customize resources based on geographical costs to ensure you’re offering the most competitive prices for a region. It’s also possible to adapt billing models that meet your customer’s requirements. Microsoft Dynamics 365 Project Operations provides templates that make it easier for your team to draw up estimates.
Accounting
Tap into your financial data from all business areas to improve business efficiency and company performance. The user-friendly interface makes updating invoice details quick and easy. Your finance team can set up accounting rules to retrieve project costs and revenue profiles for fixed prices and time and materials.
Businesses can invoice clients more quickly to improve cash flows. You can expand Dynamics 365 Project Operations to become a more service-centered enterprise resource planning (ERP) system. Companies can ensure they adhere to all required accounting practices, including ensuring they comply with International Financial Reporting Standards (IFRS).
Resource Utilization
Microsoft Dynamics 365 Project Operations gives you visibility into all available company resources. You can ensure that you have what you need for timely project delivery. The platform lets you look at employees and evaluate their skills, current company role, and availability. Understanding what’s available makes it easier to align your resources to improve the quality of a delivered project.
Time Tracking and Expense Management
Professional organizations can use Dynamics 365 for Operations to overcome the difficulties of tracking time and expenses. Companies can ensure they don’t forget essential items like recording billable hours. The platform makes it possible to use a browser or mobile app to submit time and expenses. Managers can also set up workflow automation with rules that ensure the accuracy of any reported data.
Project Dashboards
Business areas can set up custom dashboards containing visualizations of crucial insights. Having the information available in an easy-to-understand format helps drive more informed business decisions. You can make the information available throughout an organization to remove informational silos. Companies can track KPIs to determine whether changes are needed to adapt to evolving business conditions.
