Date of Publication :3rd October 2024

Abstract:Efficient management of job finances is critical in project management, yet many organizations struggle with accurately tracking costs across multiple categories and maintaining clear visibility into the discrepancies between estimated and actual expenses. This lack of an automated, flexible system for real-time financial tracking and comprehensive data analytics hinders effective decision-making and profit margin optimization. In this study, we present a solution that addresses these challenges by introducing a new feature for job finances. This feature captures detailed financial data across various cost categories and leverages this information for in-depth analysis. Through visualizations and data analytics, users can gain insights into actual costs, variances, margins, and revenue projections, enabling more informed decision-making. Our approach empowers project managers and financial teams to optimize resource allocation, improve cost estimation accuracy, and enhance profit margins by providing a comprehensive, real -time view of job finances. This advancement represents a significant step forward in the field of project management, offering a robust tool for financial tracking and analysis.

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