It is projected that by 2027 employers might have to fill for approx. 88 million roles solely for project management. This figure is a clear representation of how important project management positions are for the future of businesses. Furthermore, this new shift towards project management is likely to open  new challenges as well as opportunities for businesses. So how can companies navigate these fresh challenges and explore the new avenues that arise from this trend? 

Microsoft Dynamics 365 for Project Operations encompasses all the required functionalities to present an ideal project management solution that can address these challenges. 

Dynamics 365 for Project Operations empowers your teams to optimize resource utilization, close more contracts, accelerate project delivery, and get business analytics from sales to project financials.

Here is a rundown of the top capabilities of Microsoft Dynamics 365 for Project Operations:

• Leaders and managers get frequent business insights, increasing transparency across all teams, processes, data, and AI capabilities.
• Sales are enabled to get more deals and accelerate growth with accurate quotes, flexible pricing, and seamless transitions from planning to execution.
• Resource planning and management is done by allocating the right people with the appropriate skillsets for the right projects. This alignment contributes to quality and helps retain top performers.
• Project delivery is amplified with advanced, built-in, and easy-to-use Microsoft Project capabilities.
• Microsoft Dynamics 365 project operations can simplify project accounting with budgeting, time and expense tracking, invoicing, project costing, revenue recognition, and visibility into key business health metrics.

Benefits of Using Microsoft Dynamics for Project Operations

Better Business Agility 

Microsoft Dynamics 365 Project Operations offers real-time analytics and configurable dashboards, which help the teams in understanding upcoming business needs. Additionally, Power BI removes any data siloes. Insightful data from the platform allows every project member to act at the right time as real-time data is crucial for the success of any services-based business. 

Increased Profitability

The top-scoring benefit for using Microsoft Dynamics 365 for Project Operations is that managers can optimize overall operations profitability with governance, configurable project costing, and compliance capabilities. Additionally, the PM accounting features such as revenue recognition, multi-currency, and project financials enable businesses to provide support for global teams.

Enhanced Customer Satisfaction

On time project delivery leads to customer satisfaction and this is what Microsoft Dynamics 365 for Project Operations excel at. By offering unique project management capabilities, project operations assist project managers better lead and execute projects. Moreover, Power BI is also used to offer detailed reports. In case of conflicts, the system can notify management on how to best mitigate the situation. 

Greater Business Acumen

Microsoft Dynamics 365 shortens the entire sales cycle by offering appropriate collaboration and insights across teams. There are flexible pricing models that enable personalized resource-based costing. It develops the capacity to structure and generate proposals that perfectly align with client requirements. You can also configure Microsoft Dynamics 365 Sales and Dynamics 365 for project operations for detailed pipeline management and sales analytics.

Improved Productivity and Collaboration

With Microsoft Dynamics 365 for Project Operations members from multiple teams can coordinate across the project lifecycle. You can integrate Dynamics 365 for project operations with Microsoft Teams for better communication and visibility. The team members can make time and expense submissions from anywhere and from any device.

Equipping Project Managers with the Right Tools

Microsoft Dynamics 365 is an all-in platform that offers all the right tools a project manager needs. Managers benefit by planning projects and creating schedules with embedded capabilities such as dashboards and interactive charts. Power BI is used to create powerful and dynamic dashboards. 

Project operations offers charts that display key performance indicators (KPI) for duration, cost, and other critical information for management and stakeholders. You can use a project workspace for helpful management and collaboration for team members on critical project collateral.

Conclusion

To conclude it all, Microsoft Dynamics 365 for Project Operations presents a comprehensive yet easy to use solution that enables organizations to  adapt quickly to market conditions and industry changes. Organizations that manage multiple complex projects will enjoy the high level of visibility that Project Operations offers. This solution makes tasks like resource management and budget allocation more manageable by tracking your assets and calculating project costs.