Dynamics 365 Project Operations is a newly released Microsoft Dynamics 365 Application introduced in October 2020. Specifically, it combines the existing project management and accounting modules already present in Dynamics 365 Finance and Microsoft’s old Project Service Automation (PSA) solution.
A key feature of Microsoft Dynamics is that it offers end-to-end coverage of customer relationships. Most importantly, a dynamic solution can handle proposals, modeling, scheduling, delivering, and billing for the services rendered.
With Microsoft Dynamics 365 Project Operations functionality, you have access to a range of connected systems and processes, such as:
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With this one-stop shopping approach, you can build, scale, report, and automate without having to transfer data from a single system to another or from one toolset to another. Follow up this Dynamics 365 Project Operations Guide to learn all vital information and benefits of this feature for organizations.
The Project Operations tool from Microsoft boasts many capabilities and features. Here are some of the prominent Dynamics 365 Project Operations features:
Here are a few significant Dynamics 365 Project Operations benefits you can avail:
Confining project costing, governance, and compliance can help managers optimize project profitability. Furthermore, most businesses can facilitate global projects using the features of project management accounting, like multi-currency, revenue recognition, and project financials. Hence, companies should always adhere to good accounting functional practices.
With scheduling & resource management capabilities, you can keep track of resources and their availability in real-time. Identify resource availability and employ forecasting to learn when resources will be busy.
Invest in the appropriate tools for project managers to help manage projects efficiently. For example, reliable Dynamics 365 for Project Operations facilitate project planning and creating a schedule with built-in capabilities such as scheduling, dashboards, and interactive charts, which helps managers ensure project success. Moreover, with Power BI, you can create powerful dashboards with dynamic data.
Ensure your project service teams offer customers more accurate timelines and cost estimates. With the built-in management and forecast tools, all project participants will stay on track and attain their respective goals.
Make it easier for project managers to manage their resources by allowing them to update their profiles & skills through Microsoft Dynamics 365 Project Operations. In addition, with native scheduling tools, resources have a high-level view of the project before starting.
Typically, all clients have some unique strategic goals in mind, and it’s the project manager’s role to advance those goals further. A skilled project manager extends beyond managing the iron triangle of time, budget, and scope; they reunite clients and teams, create a vision for success, and get all stakeholders on the same page about what’s necessary to stay on schedule. Moreover, project management can have a significant impact that goes beyond delivering what was promised.
With DynaTech Systems, project managers in any organization can initiate transparent processes followed by achievable deadlines. It will allow everyone associated with the project to work within considerable bounds and not uncooperative expectations. The project operations module enables project managers to maintain, update, and approve all project costs for final billing to customers.
If you plan to implement Dynamics 365 Project Operations, you are in good hands as Microsoft software is mature, high-performing, and DynaTech Systems is a proven Dynamics 365 project management expert. Share your experiences of following up on project management with Dynamic 365 Project Operation features in the comment sections and reach out to us at sales@dynatechconsultancy.com
1. What are Dynamics 365 Project Operations?
Project Operations is a prominent part of Microsoft Dynamics’ suite of project management applications. This app blends Dynamics 365 Project Service Automation (PSA), Microsoft Project, and Dynamics 365 Finance. By delivering projects within budget and on time, Dynamics 365 Project Operations helps organizations manage sales, planning, resourcing, delivery, and billing from start to finish.
2. Is it compatible with Microsoft Project?
Absolutely! In Project Operations, project managers will have access to a Microsoft Project workspace to plan within the app.
3. How will Project Operations solve your problems?
With Dynamic 365 Project Operations, you can manage multiple projects efficiently and accurately. It entails identifying the availability of resources, assigning them to projects optimally, and ensuring the top level of productivity for any project-based service organization. As a result, you will save money on overall expenses and get a great return on investment.