Project Management Tools Must-Haves – A Checklist for the Manufacturing Industry

A bunch of tools

Running a manufacturing plant is a complex process no matter the size of the operations. With the increase in competition, comes an increase in the speed of production. Maintaining shop floor control, allocating resources, tracking finances and the progress of various projects becomes increasingly difficult without a project management tool.

Here are few must-haves for the right project management software for your company which will help you manage your projects effortlessly and move your business forward.

  • Budgeting and reporting

Your project management tool should be able to manage your projects at the planned target budget and compare it to the actuals in real-time. One should know at a glance if your project is on time and within budget. It should keep track of the project estimates versus actual costs in real-time. Concise reporting should list all project tasks, their statuses and costs on a single screen. Gantt charts allow for quick views of a project’s completion status and this would be a necessary component of the software.

  • Clear allocation of resources

In a manufacturing company, there is usually more than two to three projects taking place at a time that will require the allocation of the same resources to the projects. Your project management software should be to provide a clear view of all the tasks, the deadlines of the tasks and the allocation and the dependencies of the resources across the multiple tasks and projects. The tool should simplify the complex multi-project environment in the manufacturing industry.

  • Integration with the Accounting and other systems

Your project management software must be able to integrate with your accounting system to be able to add and regulate the expenses of the project seamlessly. This allows you to manage, control and visualize every aspect of your project from a financial perspective. This also helps the finance teams save a great deal of time sourcing and collating information and reducing the potential for errors while transferring data from one system to another.

  • Security

Cybersecurity is crucial to every project regardless of how sensitive the data you are dealing with is. The lack of data security can wreak havoc on businesses. In the year 2017 alone, security breaches have cost about an average of $3.86 million to businesses without considering the lasting damage to the company’s brand and reputation. Your project management software should have secure access and every instance should be automatically monitored for any threats and breaches.

  • Stability

Having a stable and evolved solution is critical in today’s time. The project management solution should be easy to install, easy to use and should support all operating systems for deployment. It should also be cost effective to the level of a mid-market enterprise.

Kaseya BMS is the Next-Gen Project Management Solution and the most functionally rich business management solution in the market today. To know more about Kaseya BMS, you may schedule a demo here.

Divyarthini is a marketing professional with over 4 years of experience in the IT industry including 3 years of experience in Content Marketing, Social Media Marketing, and Email Marketing.
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