May 17, 2010

How Capital Project Management fits in an IWMS?

IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses capital program and project management and its place in and IWMS.

What is Capital Program Management?

I have seen this particular set of functionality called capital program management and capital project management. While they are used interchangeably there is a subtle difference.

In general, capital program management is a set of features that provides companies with many locations a way to create and manage a capitally budgeted program across a number of like locations. Each location ends up with a capital project that ties back to the capital program.
(more…)