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Seminar on 14th
October 2004:
Complete Control on Project Costing and Order
Management
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The half day event at IBM's Parkview Office was very well
attended by delegates from different industries.
The opening
remark was given by Andy Poon, Project Manager of Professional
Services on IBM's SMB initiatives. In this session, Andy gave a
comprehensive briefing on IBM's servers that are ideal for Small to
Medium Businesses.
The next topic, In-depth Study in
Project Costing, was delivered by Winston Poon, Director of CCS
Enterprise. |
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The following key topics were covered in this session:
- Definition of Activity Based Costing
- Originsof Activity Based Costing
- Benefits of Activity Based Costing
- Organisation and Information Map for Project Based Companies
- Basis of Coding
- Code of Practice for Classification of Construction Cost
Information (CP80)
- Benefits of CB80
- History of CCS Enterprise
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Having discussed the key benefits of activity based
costing, the seminar was then passed over to Priscilla Lee, another
Project Manager of Professional Services. Priscilla began by
introducing CCS Enterprise as an accounting and project costing
solution, followed by addressing the following key topics in the CCS
Enterprise feature demonstration:
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- How to cross-charge across multiple departments in order to
keep track of expenses initiatives, accurate business unit and
project budgets & costs
- Purchase control
- Real-time electronic purchase requisition/Purchase order
approvals
- Make decisions faster with effective costing reports
- Tracking of contract price vs budgeted expenses vs actual
variance
- Project cash flow and Multiple projects consolidation
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