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Project Costing Systems

Which ones are used and why?

  • anchor

    Everyone is busy, we must be doing okay !!!

    Joe Emanuele
    Sep 8, '15 7:11 AM EST

    Unfortunately the idea of peering over your desk and seeing your staff busy meant that you were doing "okay" is no longer valid - if indeed it ever was! In the current economic environment of salary inflation and Fee stagnation costs are edging seriously close to fees. The only option to counter this is efficiency. Efficiency in staff utilisation project utilisation, Project utilisation is ensuring that we are only working on what we are being paid to do - and no more. One of the first questions is "do your staff know the brief", and does that brief contain only what the fee allows for. How can you expect your staff to flag a possible variation if they don't know what the fee covers? Unfortunately I have had too many conversations about over budget projects where, on further investigation there has been work carried out that should have been charged for, or not done!. The starting point is information. Information on the Fee, the scope, and progress. The core of this information is time. If you can't measure it, you cant control it ! Do time sheets regularly!



     
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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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