top of page
Coal Mining
NOVECO_FINANCIALS.png
Noveco Project Estimation & Financials

Overview

​

The Noveco Project Estimation and Financials solution enhances SAP’s standard Project System (PS) functionality by providing integrated estimation and reporting dashboards directly within SAP ECC, eliminating the need for third-party software. This solution is perfect for organizations requiring project estimation capabilities, regardless of their current SAP PS implementation status.

Key Features of Noveco Estimation Solution

 

  • Independent Estimation Structure: Build estimation structures separately from the project work breakdown structure, allowing flexibility in project forecasting based on estimated and actual costs.

  • Current Cost Planning: Create cost plans using up-to-date SAP cost prices for materials, labor, and equipment, enabling accurate estimates derived from existing templates or work packages.

  • Flexible Cost Adjustments: Define formulas to adjust estimated costs for escalations, risks, and other factors by applying percentages or specific values to planned costs.

  • Streamlined Cost Transfer: Transfer costs, revenues, and quantities to a project as a detailed cost and revenue plan, eliminating manual data entry and reducing errors.

  • Integrated Reporting: Access reporting from both the estimation and work breakdown structures, providing comprehensive insights into project progress.

Key Features of Noveco Financials and Progress Control

 

  • Centralized Monitoring: Project Managers can efficiently monitor, update, and report on projects from a single source, facilitating project planning and initial cost estimates directly within SAP PS.

  • Monthly Forecast Management: Manage project variations and integrate them with budgeting, revenue, and cost forecasts seamlessly without relying on Excel spreadsheets.

  • Cost-Effective Reporting: Generate comprehensive reports directly from SAP standard PS without the need for expensive third-party tools, ensuring transparency and consistency while maintaining standardized project delivery methodologies and governance.

bottom of page