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Project Costing Systems

Which ones are used and why?

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    First Principles - Why do Time sheets?

    Joe Emanuele
    Aug 31, '15 4:56 PM EST

    I recently attended a meeting of FD's of Architectural Practices in London. As you can imagine, more of a therapy session than anything else. Humorously, a question was posed, "why bother with timesheets". As much as the Architectural staff begrudge doing them, finance and support staff hate the monthly task of nagging, the inane excuses and general "slog" of getting timesheets completed. So why bother? Putting that question aside, I would like to recall another question, this time from a Partner of a medium sized firm. His question was "why do we have to justify our fees and time all the time to clients - why don't they see the value in what we do". Maybe the two questions can be answered together. If we don't value our time, why should clients value our time. Given anything you value (holidays, money etc), you measure, If you want your clients to value the time you spend on their projects, value your time you spend on projects and measure it - do your time sheets. Not as a chore but as valuation of what you have achieved for your clients. 



     
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About this Blog

This blog is to engage with the profession as to which systems staff actually use, what are the challenges and what should we want from a system. For too long, the profession have had to put up with second rate software, designed for generic "professional services" firms. The result is often that these systems are not used for the critical task of running projects financially. What do we want systems to do?, do we want to resource weekly or monthly - or at all?

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