01 Jul '18, 3am

4 Project Management KPIs and Metrics that Prove Business Success

4 Project Management KPIs and Metrics that Prove Business Success

Good financial management of a project is critical! For companies like ours that rely on projects and ongoing retainers, maintaining stability within our business is dependent on completing projects as planned in the scope of work (SOW) and pricing. Profit margin can be defined as your net income (actual revenue minus your actual cost) divided by your actual revenue. Why is project profit margin important to your business? This one is a no-brainer. You’re in business to make money, and your actual costs shouldn’t be more than the revenue you’re bringing in the door. But how can you improve project profit margin? You can start by analyzing the data. Is there a service, product, or customer that seems to fall under your acceptable profit margin? This data can help you deep dive into the number. You can also look at the actual time spent on a project versus the time that was ...

Full article: https://www.verticalmeasures.com/measurement-reporting/4-...

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