Commercial Management- Made Simple

What is commercial management?

Commercial management involves "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion" [1]. ]https://en.wikipedia.org/wiki/Commercial_management

Who is a Commercial Manager?

The role of a Commercial Manager is to identify and develop business opportunities, including new projects and contracts, managing a portfolio of commercial relationships. A Commercial Manager will develop appropriate plans and programs to ensure the business procedures align with commercial policies [source] https://careerorigin.com.au/commercial-manager#.

Why is this so important in business, especially for project and programme management?

Cost and commercial management safeguards commercial interests throughout the project lifecycle, ensuring a real commitment for maximum return on investments for key stakeholders or investors.

Successful commercial management provides the following:

• Ensuring outcome confidence from the outset.
• Establishing project viability with a clear and robust baseline.
• Using accurate data to track cost performance at every project stage with proven methods, cost models, and cost data all evaluated against market intelligence.
• The commercial manager should remain independent from other project roles to successfully achieve real value solutions and transparency, providing advice to protect the project's best outcomes for maximum ROI.

Can commercial management be made simple?

We here at UniPhi say yes. With the improved digital transformation of software over the last 20 years and the human capacity to adapt to new technology, undertaking the many tasks for commercial managers can be made simple.

UniPhi's cost and contract management modules make commercial management a breeze. Watch this short video on cost management to see how UniPhi incorporates accounting integration to create automated cash flow phasing and cost benchmarking, cost benefit modeling, forecasting, and tracking of expenditure and commitments.

All this can be shared with visually pleasing dashboards that can be customized to suit your organization and its strategy.

UniPhi simplifies project processes and reporting. Bulk upload your cost data to support any analysis and report, creating valuable predictive evaluations.

With UniPhi, integrate your commercial management resources into one user interface, upload your project data and information into one platform and make it simple.

If you want more information on how UniPhi provides this, book a demo here. We look forward to answering your enquiries.