3 Keys to Increasing Project Profits. Part 2

We are now on to Part 2 of this three part series on ways to increase or protect the profitability of the projects we manage. In Part 1 we examined the obvious area of budget management and ways we can handle the project budget, analysis and forecast to protect and possibly even increase the project’s profitability. In this Part 2, I’m going to discuss resource management and ways we can best manage our resource to keep our projects as profitable as possible. In Part 2 of this three-part series on increasing project profitability, we’ll examine the role of effective resource management in keeping project budgets on track. Equipment, third party vendors, and data center charges – among other things – get expensed to our project budgets. But far and away the biggest drain on project dollars is the efforts of project team members being charged against the project budget. These are the individuals charging probably anywhere from 20% to 100% of their time on a daily basis to our projects and they aren’t likely billing at cheap rates.

See the article here:


3 Keys to Increasing Project Profits. Part 2

     


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