[May 17, 2012] Newforma Rolls Out Enterprise Project Resource Management Software [Professional Services Close - Up] Tweet (Professional Services Close - Up Via Acquire Media NewsEdge) Newforma, a project information management software company improving building and infrastructure project delivery, announced the spring 2012 release of its enterprise project resource management software, Newforma Project Analyzer. In a release, the Company noted that Newforma Project Analyzer delivers real-time project budgeting, planning, staffing, and scheduling information in a highly visual format. This release includes high-priority customer enhancements, including net revenue projections, baseline budgeting and reporting, project workplan approval, enhanced project security by role, multi- currency support, and more. Newforma Senior Product Manager Tom Vandervort said, "Many A/E firms have told us their previous attempts at project and resource planning had failed. They asked for powerful yet simple tools that project managers will actually use, and that support better- informed project resource management decisions in real time. During our customer validation process, we heard overwhelmingly positive feedback directly from project managers who could more easily access up-to-date project information, and from principals who can rely on more complete and accurate aggregated information across the firm." Newforma Chief Executive Officer Ian Howell said, "Newforma Project Analyzer fills a vital role in project resource management by providing PMs and firm principals with a quick-reference, graphical view of project status and firm-wide utilization of resources and projected cash flow. This new release includes integration with our industry-leading Newforma PIM solution, adds multi-currency capabilities, delivers many customer requested enhancements, and builds on the great reputation this product has earned over the past year." New functions include: -Job to Date and Estimate at Complete reporting and visualization throughout the application -Integration with Newforma Project Center enterprise software -A new approval process for project schedule, workplan, and budget -Multi-currency support -Staffing projections in the project tracking graph, so that it now displays staffing, actual cost, budget, and percent complete information in a single view -Enhanced capacity to save baseline budgets for comparison and reporting -A new net revenue projection report and associated chart -Enhanced support for projects that mix billing types (e.g., by fee and by time and materials) by phase -Improved project security and permissions -The ability to override the financial system's employee cost information -A maximum cost rate for use in planning -Ability to rename common fields to support customer terminology -Significantly improved application performance when loading data grids -Ability to enter and view labor budgets at the cost or fee rate -Improved overall user experience Newforma develops and markets project information management software for architecture, engineering and construction firms. ((Comments on this story may be sent to [email protected])) (c) 2012 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ]