Time Forecasting System
A good timesheet and labour forecasting system should make the task of budget forecasting much more efficient and accurate, saving time and money.
Cost
Meeting Your Forecast Budget Spend Rate
Problem: Some projects have budget allocated to them, rather than being funded by a purchase order or contract or similar. This is particularly the case with internal projects or government …
Automate Project Management Where Possible
Automate as many project management tasks as possible, especially reporting related tasks. A good database driven system is essential for this, especially one of the many online or self hosted project management software tools.
Increase Efficiency In the Office
In an office dedicated to your project, seek ways to improve efficiency, and don’t allow “green” or “efficiency” measures to actually decrease efficiency. For example, I have seen many offices …
Payment Stages
Always specify payment stages in contracts with a client, contractor or consultant, etc. It should state at what stage payments can be claimed or paid, such as monthly for incurred …
Document Changes to the Scope Brief
Even if there is no change in cost or schedule you should still document any changes to the scope brief. Submit those as variations to the client. This way the …
Project Failure
Project failure is generally associated with one or more of the following three: Cost Schedule Client satisfaction Particularly, an unhappy client or an unhappy team will mean your company suffers …
Construction Stage Services Costs
Construction stage services cost more if the design is still being done when construction begins. Target all the design to be done before construction begins. If that is not possible, …
Processing Purchase Orders Efficiently
If you work on an alliance project or any project where some tasks are done by a collection of organisations, make sure there is a clear and simple procedure for …
Time Charge Codes
Send time charge codes with meeting and function invitations. If you send an invite/schedule booking to team members for a meeting, staff function, training etc, you should send the time …