Lutz S Kretzschmar

Title: Lutz S Kretzschmar: Innovator in Project Management Systems

Introduction

Lutz S Kretzschmar is a notable inventor based in Duvall, WA (US). He has made significant contributions to the field of project management through his innovative patent. His work focuses on enhancing the functionality of project management systems, particularly in handling multiple currencies.

Latest Patents

Kretzschmar holds a patent for a system that enables project management to handle multiple currencies within managed projects. The patent, titled "Handling multiple currencies in a project management system," outlines a method where an exchange series includes currency definition parameters such as currency pairing, frequency of rate change, and effective date of exchange rate. This system allows costs to be entered in local currency, facilitating project level roll-ups calculated through time-phased currency conversion. The system also supports speculative conversions based on the latest actual exchange rate information, providing local and project currency costs to a project server for enterprise-level roll-ups and multi-project management.

Career Highlights

Kretzschmar is associated with Microsoft Technology Licensing, LLC, where he has been able to apply his innovative ideas in a corporate environment. His work has contributed to the advancement of project management tools, making them more versatile and user-friendly.

Collaborations

Throughout his career, Kretzschmar has collaborated with notable colleagues, including Raymond David Ducolon and Eric McQuaid Zenz. These collaborations have likely enriched his work and contributed to the development of his patent.

Conclusion

Lutz S Kretzschmar is a distinguished inventor whose work in project management systems has paved the way for more efficient handling of multiple currencies. His contributions are valuable to the field and demonstrate the importance of innovation in technology.