I am really excited to tell you all about a new feature we are rolling today - Activities. Activities can be phases, project deliverables, or milestones. Breaking your project down by Activities allows you to see how much each activity costs to the client, your Internal Cost as well as see the profitability of each.
Price&Cost is already helping hundreds of project-based businesses to manage their project financials, providing real-time analytics on their projects’ performance and helping them make informed decisions to keep the projects financially successful.
Until now, Price&Cost allowed you to plan resources on the projects and see the impact those resourcing decisions will have on the Budged, Internal Cost, and Profitability.
This key functionality is there to stay. What’s changing is that now you can breakdown the projects into Activities.
This allows for even more granular control of projects’ financial performance.
Here’s a quick video to walk you through the new functionality:
From now on, when you start a new project – you can add activities to your project
Once Activities are added to the project, you will now need to select an Activity when planning the Resources. This applies to all resource types – People, Materials and Other Costs
Once defined – your Resource schedule will look like this:
You can also filter the schedule by Activity to focus on planning just one specific part of the project:
Project Summary page will now display the Budget, Cost, Profit, and Effort for every activity alongside the project overall metrics:
Project tracking is going to become more granular as well – you will not only see the project’s overall performance but also the performance of every activity against the plan:
We are working on adding support for Activities to our Harvest integration. Soon, you’ll be able to define the Activities, plan the Resources in Price&Cost and send the project to Harvest. Where today we create a project in Harvest, define the project settings, send the Resource estimates, we’ll soon be able to create Tasks on Harvest projects.
We’ll be rolling more enhancements for Activities, including: