In many organizations part of the corporate strategy is to make improvements to the existing business that can result in cost savings. It is typical for many large companies to target annual cost savings goals of 1-5% per year. How do you keep track of the progress toward that goal?
- You need a single source of truth that shows the goal savings amount, the potential of identified projects, and the amount remaining to hit the target.
Step 1. Setup your Organization Departments.
Step 2. Setup Project Benefit Accounts & Budgets
Step 3. Add Project Benefits to Individual Projects
Go to Reports>>Project Benefits Report, select the Bar chart Option.