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capex planning and monitoring tool

Alisa W's Profile

Hi, am sourcing for a capex planning and monitoring tool for my firm, an infrastructure firm. Am hoping this tool will facilitate the budgeting for capex and project tracking, and using the same tool for approval workflow etc. Will appreciate your recommendation or suggestion. thanks in advance.

Answers

Topic Expert
Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Hi Alisa,

Could you help us with a little more information on your needs:
Planning: is it just financial planning, or do you need to start with engineering or design specs, bills of material, then leading into financial (estimated costs, RFQs, contracts, etc.
Tracking: do you mean tracking both the project activities (tasks, timelines, resources, milestones, etc.), and project finances (PO, AP, time + expenses, materials consumed, project accounting, billing, revenue recognition, etc.) when the approved asset is built/ assembled/commissioned?
Workflow can help manage progress/status of the work.
Do you also need a capability for various people to collaborate during design or execution phases and for the system to help you track these activities?

Thanks
Len

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