Microsoft Project for Financial Projections
April 10, 2019

Microsoft Project for Financial Projections

Jay Handleson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Project

We use Microsoft Project to schedule electrical construction projects. Microsoft Project easily allows for accurate projections when resources are input accurately. Tasking of employees and planning for labor is accomplished easily and it is easy to see when a single labor resource is over-allocated allowing us to decide to increase manpower or adjust the schedule.
  • Auto schedule for holidays and weekends without referencing an outside calendar.
  • Allocate resources for accurate projections.
  • Visualize actual construction progress in the timeline.
  • Multiple views and reports for presentation to construction crews and clients.
  • Import other schedules from Excel would be nice, but that's asking a lot.
  • Easily project P&L for input resources.
  • Manage labor flow more efficiently.
Microsoft Project is perfect for small to medium construction projects. Larger construction projects may benefit more from more robust scheduling software. A single contractor on a single project will benefit greatly from Microsoft Project as opposed to no scheduling software and trying to use a calendar method only. Linking of activities prevents missteps of activities when supervised properly.

Microsoft Project Feature Ratings

Task Management
10
Resource Management
10
Gantt Charts
10
Scheduling
10
Workflow Automation
7
Team Collaboration
8
Support for Agile Methodology
Not Rated
Support for Waterfall Methodology
Not Rated
Document Management
Not Rated
Email integration
Not Rated
Mobile Access
Not Rated
Timesheet Tracking
Not Rated
Change request and Case Management
Not Rated
Budget and Expense Management
Not Rated
Quotes/estimates
Not Rated
Invoicing
Not Rated
Project & financial reporting
Not Rated
Integration with accounting software
Not Rated