Engenion

Engenion structures projects into a logical framework encompassing „ Product“, „Object“,„Activity“ and „Value“ (abbreviated as OAV). This apporach allows for a meticulous breakdown of product development costs into their smallest components or their aggregation in the reverse direction.

Costs can be transparently tracked in real time. 

The data structure also ensures comparability of various projects within a portfolio. Leveraging the power of AI, successes and insights gained from previous projects can be seamlessly transferred and applied to new ones. This enables: 

• The prediction of budgets and project aspects  

• A transparent and precice presentation of large amounts of data from complex projects 

• Tracking of cost expenditures 

• Budget calculation even in the early stages of development 

• Early detection of potential risks and unusual values 

• Data-driven decision-making at all project levels 

• The most suitable resources are assigned to the upcoming projects based on requirements, capacity and skills .

• Absences, including vacation time, parental leave and illness are intelligently factored into the planning. 

• Employees are reccomanded based of their skill level, regardless of gender or ethnicity. 

• Budget and project deadlines are calculated precisely based on the skill clustering of the employees. 

Our lean budgeting concept üovercomes the challenges of project planning and control. It is based on three pillars:

• Lean budget management in line with project plan and milestones
• Binding and transparent assignment up to project task level
• Powerful real-time reports that consolidate all data sources

The lean budgeting concept helps with the clear allocation of budgets down to Project-Task-Level. With its various functional modules, it enables growth and innovation within an efficient financial framework – and at the same time reduces the costs for controlling.