Capital assets and the program can be hard to manage due to the requirement of high-quality asset tracking, portfolio management, budgeting, and more. Capital projects are complex and need a solution to ensure accuracy, convenient procedures, save expenses, and more. You might need capital program management software. Continue reading below for more.
13+ Capital Program Management Software
2. Oracle Primavera
3. Oracle Aconex
5. Autodesk Construction Cloud
6. Dude Solutions Capital Forecasting
11. Project Objects
13. ARES PRISM
What is Capital Program Management Software?
Capital program management software is a technological tool with a complete package of advanced features and functionalities to help you execute project planning, program execution, budgeting, and more. With this software, you can get a clear, cohesive schedule view, costs, and risks. Traditional methods nowadays are not stable enough to handle critical program factors. That is why experts developed capital program management software to assist you with your capital assets.
Undeniably, capital program management software has multiple benefits and advantages to your company. Unlike manual processes that are prone to overlooks, errors, and is time-consuming. Capital program management ensures effective portfolio management and easy engagement with contractors and stakeholders. You can keep your electronic documents and performs transactions as it has automation features and cloud file storage efficiently.
Features and functionalities are crucial components you need to analyze before purchasing the software you want. These two factors are the mechanics of the software, enabling it to operate and perform multiple tasks in your firm. Various technology companies developed capital program management software with standard and distinct features you might like and not. Software is also expensive. That is why it is sensible to research the software’s capabilities and performance. That way, you can make sure you buy the right software. Below are features you might need:
- Contract/License Management
- Incident Reporting
- Cost Estimating
- Time Tracking
- Timesheet Management
- What-if Analysis
- Customer Database
Top 10 Capital Program Management Software
1. Oracle Primavera
Oracle Primavera integrates project and portfolio planning and delivery teams for planning, resourcing, risk mitigation, scheduling, and program management. Oracle has annual revenue of $41.4 billion and 213,630 employees.
2. Oracle Aconex
Design and construction coordination, project controls and cost management, document management, and field management all benefit from Oracle Aconex. Oracle has $41.4 billion annual sales and employs 213,630 people.
3. Autodesk Construction Cloud
Autodesk Construction Cloud includes an audit trail, budget tracking/job costing, change management, and more valuable features. Autodesk has annual revenue of $4.2 billion and 13,489 employees.
ProjectWise from Bentley Systems includes 2D drawing, 3D imaging, forms management, client portal, and more innovative features. Bentley Systems has annual revenue of $913 million and 4475 employees.
Smartsheet includes activity planning, brand management, file sharing, business process automation, and more innovative features. Smartsheet has annual revenue of $503.3 million and 2,689 employees.
Procore includes bid management, change order management, supplier management, vendor management, and more advanced features. Procore Technologies has annual revenue of $478.2 million and 2,726 employees.
Wrike includes asset categorization, asset sharing, campaign management, workflow management, and more advanced features. Wrike has annual revenue of $142.4 million and 953 employees.
8. Dude Solutions Capital Forecasting
Dude Solutions includes business license, case management, inspection management, online payments, and more logical features. Dude Solutions has annual revenue of $83.8 million and 578 employees.
Sciforma includes agile methodologies, approval workflow, budget management, task management, and more advanced features. Sciforma has annual revenue of $21 million and 145 employees.
Tender and bid administration, meeting tracking, and document management are all components of ProjectCenter, an online project collaboration tool. ProjectCenter generates more than $5 million in annual revenue and employs more than 25 people.
What is project management?
Project management is the activity commencing a project planned by board members. It is a process where you organize, analyze, evaluate, and plan the project’s critical factors such as ERP (enterprise resource planning), procurement, budgeting, and forecasting. Project management is crucial to ensure compliance, wise operations, and quality financial management.
What is capital asset?
To operate, companies require valuable assets. There are different kinds of assets, which you sell and not. One of the capital assets most companies have is computers, which is a necessary tool to operate since professional industries use electronic devices and the internet to grow and develop. Capital assets include items such as houses, vehicles, investment properties, stocks, bonds, and even collectibles like art.
What is capital planning?
As the name implies, capital planning is a strategy for implementing capital projects and programs. Long-term projections, political constraints, resource management, and leveraging a wide spectrum of knowledge necessitate both operational and financial experience are involved in critical planning. It is a necessary process before commencing the project to ensure flawless operations.
Program management is never easy. It requires wise and flawless management to ensure you reach your goal. Since traditional methods would not suffice, you will need capital program management software. With this technology partner, you can confidently plan, allocate, and track funding while managing all internal program and project workflows.
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