ERP for Project Management

Project based ERP systems are enterprise resource planning solutions which offer enhanced functionality for the management of projects and programme management.

These ERP softwares therefore typically include capabilities for project management, programme management plus integrated modules for financial management, human resources, sales, customer service and more.

ERP software for project management will typically offer specific project management related functionality such as work breakdown structures (WBS), expenses management, milestone tracking, GANTT charts, workflow management, portfolio management, resource management, milestone tracking, milestone billing, budgeting and tracking, approvals and more.

The best project based ERP systems include SAP S/4 HANA, Oracle Netsuite, Sage Intacct and Oracle ERP Cloud.

However, the best project based ERP for your business needs will largely depend on the size of your organization, your ERP requirements and several other factors.

ERP for project management typically delivers the following high-level capabilities:

• Integrated financial management and accounting, sales orders and CRM, project management, resource management and human resources alongside billing.
• Strong resource management with skills management, timesheets, mobile field service applications and human resources and expenses management. 
• Project accounting, milestone billing, time and materials billing. 
• Profitability and resource utilization analysis and reporting.

ERP for project management can cost anywhere from $20 - 250 USD per user per month to purchase software licensing.

You will also need to implement the ERP solution which can cost anywhere from $20,000 to $2 million or more, depending on the size of your organization. 

Other costs you should consider are internal change costs, training and adoption costs, integrations with other business applications and systems and more.

There are various approaches to implementing ERP for project management. 

Some organizations choose to implement the solution all at once, also known as a big bang ERP implementation, whereas others while phase the implementation bit by bit. 

For example, a phased rollout could operationalize your ERP system country by country, or module by module. 

If you rolling out your project management ERP module by module, you may choose to impleme t