{"id":660,"date":"2022-08-01T16:09:29","date_gmt":"2022-08-01T14:09:29","guid":{"rendered":"https:\/\/www.akeron.com\/tarko\/2022\/08\/01\/cost-estimation-for-engineering-companies-the-akeron-project-business-automation-solution\/"},"modified":"2024-05-10T12:26:59","modified_gmt":"2024-05-10T10:26:59","slug":"cost-estimation-for-engineering-companies-the-akeron-project-business-automation-solution","status":"publish","type":"post","link":"https:\/\/www.akeron.com\/tarko\/en\/cost-estimation-for-engineering-companies-the-akeron-project-business-automation-solution\/","title":{"rendered":"Cost Estimation for Engineering Companies: the Akeron Project Business Automation solution"},"content":{"rendered":"

According to the\u00a0Project Management Institute<\/strong>, the failure of many engineering projects can be traced back to the\u00a0quotation management phase<\/strong>. Another study, conducted by the\u00a0University of Aalborg<\/strong>\u00a0(Denmark) also confirms that in nine out of ten projects, costs are underestimated and have a negative impact on profits (Source PMI.org<\/em>).<\/p>\n

To overcome this critical issue, engineering companies need a software solution that can support the\u00a0quotation phase<\/strong>\u00a0in an\u00a0analytical and timely manner<\/strong>.<\/p>\n

Akeron Project Business Automation<\/strong>\u00a0is the ideal solution: it allows you to\u00a0manage the entire project life cycle<\/strong>\u00a0and includes features dedicated to the correct definition and allocation of resources and time.<\/p>\n

First of all, the system allows you to set up the\u00a0Corporate Organizational Chart<\/strong>, from which you can quickly identify the availability of all human resources and their related roles in the company.<\/p>\n

The second preliminary element enables establishment of the typical\u00a0Phases<\/strong>\u00a0to be evaluated and managed in a project.<\/p>\n

These two aspects are preparatory to the definition of the\u00a0Service<\/strong>\u00a0Catalogue<\/strong>, which allows the company to codify the elements of its offer, including a more or less detailed description and definition of the specifics, which are useful to enhance the economic proposal.<\/p>\n

As such, the\u00a0estimation phase<\/strong>\u00a0can be concretized in the\u00a0Sales<\/strong>\u00a0Module<\/strong>\u00a0for each prospect or customer, and reviewed by the system according to the object of the offer and analysis of all the elements that would have impact at a company level, should the proposal be accepted.<\/p>\n

Akeron Project Business Automation<\/strong>\u00a0allows a preliminary\u00a0assessment<\/strong>,\u00a0precisely targeted\u00a0<\/strong>and\u00a0analytical<\/strong>\u00a0of the\u00a0costs\u00a0<\/strong>attributable to a specific project order, to enable definition of an\u00a0appropriate<\/strong>\u00a0mark-up<\/strong>.<\/p>\n

If the\u00a0feasibility study<\/strong>\u00a0is positive, the system allows the creation of an\u00a0Offer Document<\/strong>, based on a predefined template, that can be edited and shared with the customer\u00a0via e-mail<\/strong>\u00a0or through the use of the\u00a0Reserved Area<\/strong>.<\/p>\n

Finally, the solution allows\u00a0management\u00a0<\/strong>of the\u00a0quotation<\/strong>\u00a0phase outcome<\/strong>:<\/p>\n