Month: June 2016

Project and portfolio management tools are designed to create process for project management and strategically define a system for resource optimization. By using AxiomWorx™- this solution will allow organizations to be better equipped to execute on their initiatives, achieve desired results and ultimately drive more value for their organizations. However, a staggering 55% do not have proper portfolio management tool(s) in place today. Tool adoption creates challenges for organizations by creating a gap for measuring, monitoring, and having a system of accountability.

AxiomWorx is a leading provider of Cloud Portfolio Management solutions, and provides a seamless way to manage projects, resources and applications across the enterprise. Axiom Worx solves the challenge of visibility and tracking the portfolio of all projects and product development projects. The solution aligns effort and budgets to meet company goals, while enabling prioritization and agility for planning resource capacity. The result is a standardization of work execution across silos of project management teams. Email us today sales@axiomworx.com to speak with one of our specialist

How you start your project today greatly influences how you complete it tomorrow. The important tasks of budgeting, planning, forecasting and finally controlling your project can shape your outcome.  Technology can help—offering a solution for cost management

Consider AxiomWorx™ (Enterprise Planning & Controls), http://www.axiomworx.com based in Calgary, Alberta. AxiomWorx™ is a Web-based project controls software platform. The AxiomWorx tools addresses many of the crucial challenges that major projects faces with regards to budgeting, planning, forecasting, and managing projects.

AxiomWorx™ platform is designed to standardize best practices—from budgeting and planning, to cost forecasting and project performance management—across the entire enterprise. This means organizations are able to analyze project and program costs faster and improve predictability, as it promotes greater visibility and efficiency through an Excel-like interface. The new V4 platform includes 6 modules which are all tied together to form the AxiomWorx platform.

They include:www.axiomworx.com/product-solutions

WX- Worx Foundation

AX-Advanced

FX- Financials

PX-Procurement

DX- Document Control

Rx-Risk Management

By using AxiomWorx™ for all your capital projects, companies have the opportunity to improve project effectiveness—and ultimately project costs. And isn’t that the goal of every capital project? Call us today or email us at: Sales.axiomworx.com or call us direct at 1-587-390-0010

The (Px) Procurement Module from AxiomWorx tracks each step of the engagement process. The ability of a supplier to fulfill the contractual obligations set from the awarding of a purchase requisition to the final delivery of the product is tracked and measured.

Supplier Management-Axiom allows you  to track each step of the engagement process. We believe that supplier evaluation should be based on empirical data. Great service and delivery should be rewarded with repeat business.

• Create your Supplier/Vendor Add your supplier contacts
• Decide upon access rights for your supplier contacts.
• Successful contract management provides a service evaluation grade

Bid Templates–Your procurement process will have a high degree of repeatable activities. A number of these repeatable steps often occur in the process of evaluation. The criteria around ordering a widget will have some very consistent requirements. Such As:

• You many do you have in stock?
• What will you need to order?
• When can you ship it?
• What date can you promise for delivery?

Request for Quotation (RFQ) – The RFQ module in Axiom provides the procurement agents the ability to capture not only the technical information for review but also the commercial terms as well. The data is linked to the estimated budget deliverables at this early stage. It is this integration that initiates the supplier evaluation at the close of a project.

Purchase orders (PO) – The process of creating a PO is similar to the RFQ if you chose to sole source rather than tender. Adding budget lines and providing the Technical detail. However once committed in the system the purchase order can have progress payments made as well. The progress on all procurement actions is available to the project immediately. Other aspects of the system will immediately begin to make use of the data available. Cost Reports, Audits, earned value, vendor document control.

Progress Payments-Once approved the process of tracking, collecting and making payments can begin in Axiom. The degree of control depends on the assertions made at the project level. Not all projects require the same degree of control, however it can be applied or removed easily by the controls team. If cost controlled then procurement looks for all steps to be vetted. This includes payments! Payment (Invoice Approval) is enforced by the system. All payments become available on cost reports, procurement summaries, commitment reports, etc.

Expediting-Expediting commences immediately on the approval of a purchase order agreement. The expediter is responsible for determining the whereabouts of any record at any time.

• What stage of fabrication is it at

• Has it been shipped?
• Where is it?
• Quantity and the current condition of the items are accessed

Expediting is the piece of the puzzle that applies to a large degree how much of the order can be claimed for earned value calculations, or payments to be released based on the realization of where this contract is in its life cycle. Client storage can also be facilitated via the expediting module.

Inventory-Inventory management in Axiom is more aligned with the project life cycle.

Projects are a temporary process, however some projects are multiyear endeavors. As a result it suggests that some requisitions may be stored in a varying range of storage locations prior to being utilized. Axiom provides a quick way to determine where these items have been temporarily stashed by virtue of the expediting module

Connect with us : sales@axiomworx.com  or call us direct at 1-587-390-0010

BSG Fabrication- Testimonial

“What would normally take me about 1 day to get a Cost Estimate completed but with AxiomWorx I have been able to get my estimates completed within 2 hours.”. Once you have established suppliers and vendors in AxiomWorx, all you need to do is mine the information for the estimate. All your purchase orders, requisitions, expediting and financials are maintained in a user friendly environment that improves efficiency.

Shane Leduc

Vice President

BSG Fabrication

Axiom Worx will be part of the attendance at the  Annual AACE- in Toronto – AxiomWorx  would like to invite all companies that will be attending to stop by and learn more about AxiomWorx  solutions we are in booth 621. You can also email us to schedule some time to meet us: sales@axiomworx.com

One Solution All the Control-Choose AxiomWorx™

Effective project automation system today, need to be in place for the successful project performance and delivery of all projects. It is essential that all disciplines, planning, cost engineering, estimating, change management and risk collaborate successfully and best project practices in place to achieve project objectives or outcomes to keep projects on time and on budget. www.axiomworx.com

Axiom Worx – Timesheet Module ACCURATE – RELIABLE –QUICK – BETTER! Our business is consulting, and time is money. Our work flow is based on a detailed Man Hour Estimate, with line items that are precise to 0.25 of an hour. My first experience with Axiom Worx was using the timesheet module. I should explain first that my impression of the timesheet module was informed, in part, by contrast to other timesheet tracking systems that I have used in the past. Axiom is more intuitive, loads quicker, saves in real time and provides a quick an efficient means of making comments pertaining to the deliverable being charged to. When we migrated to Axiom, as always, some of our staff were less than pleased to have to learn a new system, however, once Axiom was implemented, everyone was impressed by how much less time it took to track their time, and found the system itself exceptionally easy to use. Other timesheet systems can crash when too many deliverables are loaded, other timesheet systems can lose information mid-way through, and you have to start all over again. There was another unanticipated benefit to migrating to this superior system; whereas prior to Axiom our staff would track their time weekly, setting aside a half hour or more to load the data into the system, now they track time daily, sometimes multiple times a day, because the system is so quick and easy. This has led to greater accuracy of time tracking and no longer are staff late with timesheet submission due to lags or overloads to the previous system.

In order to gain and maintain a global competitive advantage, today’s businesses need to provide better services that cost less. One of the most essential skills to develop as a business or various business units in an organization is becoming an expert(s) at managing workflow.

This should include efficient time management, while having the ability to prioritize, appropriate delegation, and to drive better ways of constantly improving ways of operating. For all capital projects this is really no different, this means employing both project management tools and provide a procedural framework to deliver greater value at to remain competitive.

At the end of the day, all the business units are service-providers for one another. But in order to gain and maintain a global competitive advantage, businesses need to provide better services that cost less. In a technologically complex world, this means employing the right tools

Axiom Worx ™ provides:

• A goal-oriented support system for projects and tasks
• A security network that enables people to collaborate across organizational corporate boundaries, while retaining confidentiality
• Role-based access control (RBAC) providing team members with access to specific tasks, documents, and authorizations
• Collaboration tools to promote teamwork within the project/task infrastructure
• Document management allowing multiple users to coordinate tasks and workflow
• Financial
• Procurement
• Risk

A good project management software provides the framework, processes, guidelines and techniques to manage the people and the work. A good methodology increases the odds of being successful and therefore provides value to the organization, project and the project team.

Axiom Worx™ Provides a clear workflow process for all projects! Axiom Worx™ captures all information through different modules to ensure that all pertinent details like: how much it will cost, why it is necessary, the impact on the overall project – are all known before any change is approved. The Axiom Worx™ solution is extremely effective for auditing performance during and after project completion.