Projects can come in all shapes and sizes. Some projects involve a new Marketing initiative that involves tracking activity with customers and prospects. More involved projects can involve a new development effort that includes everyone from Engineering trying to design new products, to Production making sure their machines can build the new product, to Sales and their efforts to sell it. Along the way, it’s important to track the true cost of the effort. In the design phase of a project, there may not be any sales orders or work orders against which costs are captured. These costs are such things as engineering and drawing, product design and inventory and parts that are used in the design and testing.

With the M3 Project Management system, you can track labor and overhead costs and well as material costs to each step of a project. Considering that there are an unlimited number of steps and sub-projects that can be defined, you get an unparalleled ability to track your costs and compare expenses to income.